THE LITERACY ALLIANCE INC

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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

1972

Legal Domicile

Principal Officer

ISABEL NUNEZ

Phone

2604267323

Tax Period

2023-09-01 to 2024-08-31

THE LITERACY ALLIANCE INC, founded in 1972, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $272K, a strong 18% operating margin.

Mission

LITERACY CHANGES LIVES. OUR MISSION IS TO EMPOWER PEOPLE AND STRENGTHEN COMMUNITY THROUGH EDUCATION. IN SUPPORT OF ITS MISSION, THE LITERACY ALLIANCE SERVES ADULTS THROUGH FREE INSTRUCTION IN ADULT BASIC EDUCATION SKILLS, HIGH SCHOOL EQUIVALENCY PREPARATION, AND ENGLISH LANGUAGE LEARNING. TLA SERVES K-3 SCHOOL CHILDREN BY PROVIDING TUTORS WHO HELP STUDENTS ACHIEVE GRADE-LEVEL READING GOALS. THE LITERACY ALLIANCE COLLABORATES WITH LOCAL SCHOOLS AND COMMUNITY ORGANIZATIONS TO PROVIDE ON-SITE INSTRUCTION AND MUTUAL REFERRALS. TLA ALSO PLACES A FAMILY LIBRARY IN EACH NEW HABITAT FOR HUMANITY HOME AT THE TIME OF DEDICATION. VOLUNTEERS ARE AN ESSENTIAL PART OF THE INSTRUCTION TEAM IN ALL PROGRAM AREAS.

Program Service Accomplishments

Program 1

Expenses: $998,959 Revenue: $101,987

THE LITERACY ALLIANCE BEGAN OPERATING PROJECT READS IN FY 21-22. PROJECT READS SERVES K-3 STUDENTS TO HELP THEM ATTAIN GRADE-LEVEL READING. ALL OTHER PROGRAMS SERVE ADULTS BY OFFERING ADULT BASIC...

THE LITERACY ALLIANCE BEGAN OPERATING PROJECT READS IN FY 21-22. PROJECT READS SERVES K-3 STUDENTS TO HELP THEM ATTAIN GRADE-LEVEL READING. ALL OTHER PROGRAMS SERVE ADULTS BY OFFERING ADULT BASIC EDUCATION IN READING, WRITING AND MATH UNDER THE GUIDANCE OF TEACHERS, SITE COORDINATORS AND VOLUNTEER TUTORS. PROJECT BUILD ASSISTS IN BASIC SKILL BUILDING. PROJECT GRADUATE OFFERS HIGH SCHOOL EQUIVALENCY PREPARATION. PROJECT CONNECT OFFERS ENGLISH LANGUAGE LEARNING. ALL PROGRAMS ARE FREE OF COST TO STUDENTS. IN 2023-24, 553 TOTAL STUDENTS WERE SERVED. STAFF WAS ASSISTED BY 195 VOLUNTEERS PROVIDING 6,360 HOURS OF SERVICE.

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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 $1,415,274

Program Service Revenue $101,987

Investment Income $128

Other Revenue $-14,119

TOTAL REVENUE $1,503,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $960,547

Fundraising Expenses $114,944

Program Expenses $998,959

Other Expenses $271,000

TOTAL EXPENSES $1,231,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,503,270	$775,872	+0.9%
Expenses	$1,231,547	$1,095,114	+0.1%
Net Income	$271,723	$-319,242	-1.9%

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

195

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

$90,640

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELINDA HAINES	CEO	50.00	Officer	$88,000	$2,640	$90,640
ISABEL NUNEZ	CHAIR	3.00	Officer Director	$0	$0	$0
ERIN NICOLETTE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
COREY PORTER	PAST CHAIR	3.00	Officer Director	$0	$0	$0
MICHAELA BALDWIN	TREASURER	3.00	Officer Director	$0	$0	$0
TAMMY ALLEN	SECRETARY	3.00	Officer Director	$0	$0	$0
TRUDY ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BAIER	DIRECTOR	1.00	Director	$0	$0	$0
ZACH BARRON	DIRECTOR	1.00	Director	$0	$0	$0
KARA DENSMORE	DIRECTOR	1.00	Director	$0	$0	$0
RON DUCHOVIC	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY MILLER	DIRECTOR (PA	1.00	Director	$0	$0	$0
STATE REP KYLE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
SHARON TUBBS	DIRECTOR	1.00	Director	$0	$0	$0
TIM VANHOUTEN	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$1,503,270	$1,231,547	$907,576	$271,723
2023	$775,872	$1,095,114	$633,214	$-319,242
2022	$746,302	$958,419	$841,733	$-212,117
2021	$1,201,778	$694,720	$1,049,795	$507,058
2020	$675,777	$609,323	$608,737	$66,454