DEVELOPMENTS IN LITERACY INC (EIN 330843213) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

HASHMAT SAEED

Phone

9494745303

Tax Period

2023-01-01 to 2023-12-31

DEVELOPMENTS IN LITERACY INC, founded in 1997, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Expenses of $2.1M left a modest 14% surplus.

Mission

DEVELOPMENTS IN LITERACY (DIL) EDUCATES AND EMPOWERS UNDERPRIVILEGED STUDENTS, ESPECIALLY GIRLS, BY OPERATING STUDENT-CENTERED MODEL SCHOOLS; AND PROVIDES HIGH QUALITY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,417,593

Program Service Revenue $0

Investment Income $23,229

Other Revenue $0

TOTAL REVENUE $2,440,822

Expense Breakdown

Grants Paid $1,550,020

Salaries & Benefits $453,427

Fundraising Expenses $144,709

Program Expenses $1,859,773

Other Expenses $96,401

TOTAL EXPENSES $2,099,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,440,822	$2,478,548	0.0%
Expenses	$2,099,848	$1,906,569	+0.1%
Net Income	$340,974	$571,979	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

150

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MUHAMMAD SHAHZAD	CHAIRPERSON	6.00	Officer	$0	$0	$0
FIZA SHAH	CEO/DIRECTOR	30.00	Officer	$0	$0	$0
HASHMAT SAEED	CFO	30.00	Officer	$0	$0	$0
MAHA HAYAT	DIRECTOR	4.00	Director	$0	$0	$0
WAJID MIRZA	DIRECTOR	4.00	Director	$0	$0	$0
SHAILA ZAMIR	DIRECTOR	4.00	Director	$0	$0	$0
ANEEQA AKHTAR	DIRECTOR	4.00	Director	$0	$0	$0
MALIKA JUNAID	DIRECTOR	4.00	Director	$0	$0	$0
ADNAN ZUBERI	DIRECTOR	4.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,440,822	$2,099,848	$2,771,927	$340,974
2022	$2,478,548	$1,906,569	$2,144,477	$571,979
2021	$2,242,453	$1,820,267	$1,716,599	$422,186
2020	$1,549,257	$1,429,447	$1,373,345	$119,810
2019	$2,195,561	$2,312,820	$1,173,141	$-117,259
2018	$2,246,249	$2,435,220	$1,301,525	$-188,971

DEVELOPMENTS IN LITERACY INC