LITERACY WORKS (EIN 364350749) - 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

1995

Legal Domicile

Principal Officer

KELLY HALLBERG

Phone

7733348255

Tax Period

2024-07-01 to 2025-06-30

LITERACY WORKS, founded in 1995, is a small nonprofit in the Education sector that reported $542K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $625K exceeded revenue, resulting in a 15% operating deficit.

Mission

LITERACY WORKS PROVIDES TRAINING AND CONSULTATION TO ADULT LITERACY PROFESSIONALS AND VOLUNTEER TUTORS, AS WELL AS TRAINING AND CONSULTATION TO PROFESSIONALS FROM MISSION-DRIVEN ORGANIZATIONS ACROSS SECTORS ON PLAIN LANGUAGE PRACTICES.

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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 $416,110

Program Service Revenue $103,311

Investment Income $22,733

Other Revenue $0

TOTAL REVENUE $542,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $577,887

Fundraising Expenses $91,654

Program Expenses $492,064

Other Expenses $47,609

TOTAL EXPENSES $625,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$542,154	$733,421	-0.3%
Expenses	$625,496	$519,138	+0.2%
Net Income	$-83,342	$214,283	-1.4%

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

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

$81,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY HALLBERG	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRIGETTE CHAPUT	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KIMBERLEE RATKIN	SECRETARY	5.00	Officer Director	$0	$0	$0
GINA JOHNSON WELLS	TREASURER	5.00	Officer Director	$0	$0	$0
SHANNON CALLAHAN	DIRECTOR	2.00	Director	$0	$0	$0
ANNIE GILL-BIOYER	DIRECTOR	2.00	Director	$0	$0	$0
SAMANTHA GUALITO	DIRECTOR	2.00	Director	$0	$0	$0
JAYATTA JONES	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE KENNY	EXECUTIVE DIRECTOR	40.00	Officer	$81,900	$0	$81,900

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	$542,154	$625,496	$600,146	$-83,342
2024	$733,421	$519,138	$666,042	$214,283
2023	$440,364	$440,315	$450,923	$49
2022	$461,783	$336,599	$447,384	$125,184
2021	$407,185	$324,755	$326,379	$82,430
2020	$379,022	$319,805	$280,278	$59,217

LITERACY WORKS