Childrens Literacy Project Formerl… - Form 990 Financial Data

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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

Jeff Martin

Phone

5037500191

Tax Period

2024-01-01 to 2024-12-31

Childrens Literacy Project Formerly Known as BeUndivided, founded in 2014, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $3.1M left a modest 15% surplus.

Mission

To provide training tools and software to churches to equip their work in schools and provide support for initial efforts.

Program Service Accomplishments

Program 1

Expenses: $2,406,558 Revenue: $391,091

Inspired and equiped faith communities to serve in the public schools without crossing the lines of church and state.

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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 $3,252,882

Program Service Revenue $391,091

Investment Income $33

Other Revenue $0

TOTAL REVENUE $3,644,006

Expense Breakdown

Grants Paid $1,278,335

Salaries & Benefits $368,810

Fundraising Expenses $96,339

Program Expenses $2,406,558

Other Expenses $1,464,504

TOTAL EXPENSES $3,111,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,644,006	$1,930,771	+0.9%
Expenses	$3,111,649	$2,074,231	+0.5%
Net Income	$532,357	$-143,460	-4.7%

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

Governance

Voting Members

Independent Members

Employees

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

$182,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Martin	President	40.00	Officer	$182,700	$0	$182,700
Stephanie Korteweg	Trustee	1.00	Director	$0	$0	$0
Anne Kleinheinz Anderson	Trustee	1.00	Director	$0	$0	$0
Sam Martin	Trustee	1.00	Director	$0	$0	$0
David Austin	Treasurer	1.00	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	$3,644,006	$3,111,649	$852,936	$532,357
2023	$1,930,771	$2,074,231	$320,579	$-143,460
2022	$613,121	$419,748	$464,039	$193,373
2021	$502,995	$294,815	$270,666	$208,180
2020	$412,425	$370,136	$82,609	$42,289
2019	$329,010	$332,462	$20,197	$-3,452

Childrens Literacy Project Formerly Known as BeUndivided