LITERATURE FOR ALL OF US

EIN: 364167228 501(c)(3)

CHICAGO, IL

Total Revenue
$380,221
Total Expenses
$474,835
Total Assets
$123,128
Net Assets
$-26,697
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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
IL
Principal Officer
NEWLIN O WOLLASTON
Phone
8478697323
Tax Period
2020-07-01 to 2021-06-30

LITERATURE FOR ALL OF US, founded in 1997, is a small nonprofit that reported $380K in total revenue in fiscal year 2020. Expenses of $475K exceeded revenue, resulting in a 25% operating deficit.

Mission

LITERATURE FOR ALL OF US (LFAOU) USES BOOKS AND WRITING TO FACILITATE CIRCLES OF CONNECTION, HEALING, AND GROWTH IN THE FACE OF SOCIAL INEQUITY. BY INVITING PARTICIPANTS TO EXPLORE THE TRANSFORMATIVE POWER OF THEIR OWN VOICES, WE HELP BUILD RESILIENCE.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $296,104
Program Service Revenue $56,317
Investment Income $4,835
Other Revenue $22,965
TOTAL REVENUE $380,221

Expense Breakdown

Grants Paid $0
Salaries & Benefits $374,106
Fundraising Expenses $106,351
Program Expenses $258,665
Other Expenses $100,729
TOTAL EXPENSES $474,835

Year-over-Year Comparison

2020 2019 Change
Revenue $380,221 $382,403 0.0%
Expenses $474,835 $712,007 -0.3%
Net Income $-94,614 $-329,604 -0.7%
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

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Governance

Voting Members
16
Independent Members
16
Employees
4
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
7
$75,058
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VANESSA ALVAREZ DIRECTOR 2.00
Director
$0 $0 $0
EMILY ARGENTINE TREASURER 2.00
Officer Director
$0 $0 $0
LIZ LASSNER DIRECTOR 2.00
Director
$0 $0 $0
CHERYL WOOTEN DIRECTOR 2.00
Director
$0 $0 $0
SHANQUINNELL BULLOCK DIRECTOR 2.00
Director
$0 $0 $0
JESSICA CHETHIK DIRECTOR 2.00
Director
$0 $0 $0
CLAUDIA ESPINEL DIRECTOR 2.00
Director
$0 $0 $0
TIFFANY GORE DIRECTOR 2.00
Director
$0 $0 $0
PAUL KELLER LEGAL COUNSEL 2.00
Director
$0 $0 $0
JIMMY LEE LARD DIRECTOR 2.00
Director
$0 $0 $0
DANIELLE LEBER DIRECTOR 2.00
Director
$0 $0 $0
LIZ MCCABE SECRETARY 2.00
Officer Director
$0 $0 $0
TAMARA MCKNIGHT ASSISTANT TREASURER 2.00
Officer Director
$0 $0 $0
JULIE VICTOR BOARD PRESIDENT 2.00
Officer Director
$0 $0 $0
NEWLIN WOLLASTON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
NAJOLIE WRIGHT SECRETARY 2.00
Officer Director
$0 $0 $0
SONIA VELAZQUEZ EXECUTIVE DIRECTOR 40.00
Officer
$75,058 $0 $75,058
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
2021 $380,221 $474,835 $123,128 $-94,614
2020 $382,403 $712,007 $217,566 $-329,604
2019 $594,907 $638,260 $416,941 $-43,353
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