LITERARY AID SOCIETY INC (EIN 350474685) - 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

1935

Legal Domicile

Principal Officer

WILLIAM ADAMS

Phone

7654724726

Tax Period

2024-01-01 to 2024-12-31

LITERARY AID SOCIETY INC, founded in 1935, is a small nonprofit that reported $118K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $26K, a strong 22% operating margin.

Mission

LITERARY SOCIAL BENEVOLENT ORGANIZATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,930

Investment Income $0

Other Revenue $113,844

TOTAL REVENUE $117,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,231

Fundraising Expenses $0

Program Expenses $81,579

Other Expenses $35,859

TOTAL EXPENSES $92,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,774	$136,460	-0.1%
Expenses	$92,090	$101,960	-0.1%
Net Income	$25,684	$34,500	-0.3%

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

N/A

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
WILLIAM ADAMS	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE JONES	TRUSTEE	2.00	Officer Director	$0	$0	$0
ROBERT MARCUM	TRUSTEE	2.00	Officer Director	$0	$0	$0
JERRY MINNS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JESSE PEARCY	TRUSTEE	2.00	Officer Director	$0	$0	$0
MICKEY POWERS	SECRETARY/TR	2.00	Officer 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	$117,774	$92,090	$91,039	$25,684
2023	$136,460	$101,960	$97,287	$34,500
2022	$119,748	$94,776	$76,765	$24,972
2021	$121,771	$96,903	$57,033	$24,868
2020	$78,386	$80,696	$46,999	$-2,310
2019	$90,691	$80,131	$41,304	$10,560
2018	$87,348	$79,008	$34,512	$8,340

LITERARY AID SOCIETY INC