LITERACY RESEARCH ASSOCIATION INC (EIN 363752809) - 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

1991

Legal Domicile

Principal Officer

ALFRED TATUM

Phone

7064431334

Tax Period

2024-01-01 to 2024-12-31

LITERACY RESEARCH ASSOCIATION INC, founded in 1991, is a small nonprofit in the Education sector that reported $462K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $1.5M represent 39 months of operating reserves.

Mission

ADVANCEMENT OF LITERACY RESEARCH AND EDUCATION

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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 $406,942

Investment Income $54,628

Other Revenue $46

TOTAL REVENUE $461,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $332,277

Other Expenses $488,268

TOTAL EXPENSES $488,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$461,616	$515,048	-0.1%
Expenses	$488,268	$246,398	+1.0%
Net Income	$-26,652	$268,650	-1.1%

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

N/A

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
SAN DEJULIO	HISTORIAN	2.00	Director	$0	$0	$0
CASSIE BROWNELL	PARLIAMENTARIAN	2.00	Director	$0	$0	$0
BOGUM YOON	BOARD MEMBER	2.00	Director	$0	$0	$0
RAUL ALBERTO MORA	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIA GHISO	BOARD MEMBER	2.00	Director	$0	$0	$0
ZHIHUI FANG	BOARD MEMBER	2.00	Director	$0	$0	$0
NICOLE MIRRA	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTIAN EHRET	BOARD MEMBER	2.00	Director	$0	$0	$0
TISHA LEWIS ELLISON	BOARD MEMBER	2.00	Director	$0	$0	$0
ALFRED TATUM	President	5.00	Officer	$0	$0	$0
FENICE BOYD	PRESIDENT ELECT	5.00	Officer	$0	$0	$0
CYNTHIA BROCK	Vice President	5.00	Officer	$0	$0	$0
MARLA MALLETTE	Treasurer	5.00	Officer	$0	$0	$0
KRISTEN PERRY	Secretary	5.00	Officer	$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	$461,616	$488,268	$1,504,900	$-26,652
2023	$514,998	$246,398	$1,451,974	$268,600
2022	$419,984	$450,117	$1,250,782	$-30,133
2021	$548,608	$522,479	$1,479,439	$26,129
2020	$483,572	$304,927	$1,299,635	$178,645
2019	$517,781	$435,333	$1,193,545	$82,448
2018	$458,931	$559,238	$951,589	$-100,307

LITERACY RESEARCH ASSOCIATION INC