OAKLAND LITERACY COUNCIL (EIN 382839173) - 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

1988

Legal Domicile

Principal Officer

LISA MACHESKY

Phone

2482531617

Tax Period

2023-01-01 to 2023-12-31

OAKLAND LITERACY COUNCIL, founded in 1988, is a small nonprofit that reported $523K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

PROVIDING FREE INDIVIDUALIZED MATH, READING, & ENGLISH TUTORING TO ADULTS IN OAKLAND COUNTY, MI.

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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 $425,103

Program Service Revenue $6,739

Investment Income $2,502

Other Revenue $88,874

TOTAL REVENUE $523,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $384,501

Fundraising Expenses $44,148

Program Expenses $409,432

Other Expenses $151,432

TOTAL EXPENSES $535,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$523,218	$596,855	-0.1%
Expenses	$535,933	$502,706	+0.1%
Net Income	$-12,715	$94,149	-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

Volunteers

375

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

$85,936

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ALMSTADT	DIRECTOR	4.00	Director	$0	$0	$0
PAULA BROWN	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
JUDY BRYCE	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT GAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ANN MANNING	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY STANBROUGH	DIRECTOR	1.00	Director	$0	$0	$0
DAMANY HEAD	DIRECTOR	1.00	Director	$0	$0	$0
SHELLEY GOODMAN TAUB	DIRECTOR	2.00	Director	$0	$0	$0
MITA BHAVSAR	TREASURER	4.00	Officer Director	$0	$0	$0
ASHELIN CURRIE	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ELLEN LIPTON	DIRECTOR	2.00	Director	$0	$0	$0
BOB STEEH	DIRECTOR	1.00	Director	$0	$0	$0
SUE KLUNK	DIRECTOR	4.00	Director	$0	$0	$0
LISA MACHESKY	EXECUTIVE DIRECTOR	40.00	Officer	$79,436	$6,500	$85,936

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	No data	No data	No data	No data
2023	$523,218	$535,933	$804,132	$-12,715
2022	$596,855	$502,706	$551,898	$94,149
2021	$478,823	$484,436	$468,504	$-5,613
2020	$528,529	$332,420	$472,799	$196,109
2019	$205,989	$216,136	$265,042	$-10,147

OAKLAND LITERACY COUNCIL