ELECTRIC LIT INC (EIN 461402365) - 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

2014

Legal Domicile

Principal Officer

RUSSELL A HUNTER

Phone

3238396204

Tax Period

2024-01-01 to 2024-12-31

ELECTRIC LIT INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $446K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

ELECTRIC LITERATURES MISSION IS TO KEEP LITERATURE A VITAL PART OF POPULAR CULTURE THROUGH DIGITAL INNOVATION AND SUPPORTING WRITERS.

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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 $293,867

Program Service Revenue $127,587

Investment Income $0

Other Revenue $24,116

TOTAL REVENUE $445,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,075

Fundraising Expenses $68,762

Program Expenses $395,254

Other Expenses $255,334

TOTAL EXPENSES $486,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$445,570	$477,969	-0.1%
Expenses	$486,409	$470,053	+0.0%
Net Income	$-40,839	$7,916	-6.2%

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

$61,777

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HALIMAH MARCUS	EXECUTIVE DIRECTOR	40.00	Officer	$61,777	$0	$61,777
RUSSELL A HUNTER	BOARD CHAIRMAN/FOUNDER	5.00	Officer Director	$0	$0	$0
MICHAEL CUNNINGHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MEREDITH TALUSAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEESHA PHILYAW	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE CLIFFE	BOARD MEMBER	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
2024	$445,570	$486,409	$18,735	$-40,839
2023	$477,969	$470,053	$58,464	$7,916
2022	$411,473	$413,694	$24,342	$-2,221
2021	$328,113	$355,741	$16,411	$-27,628
2020	$320,464	$337,600	$29,626	$-17,136
2019	$280,663	$291,937	$51,859	$-11,274
2018	$294,717	$301,333	$59,621	$-6,616

ELECTRIC LIT INC