LITERACY LAB (EIN 472116172) - 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

LAURA REED

Phone

4158102044

Tax Period

2021-01-01 to 2021-12-31

LITERACY LAB, founded in 2014, is a small nonprofit that reported $487K in total revenue in fiscal year 2021. The organization ran a surplus of $206K, a strong 42% operating margin.

Mission

LITLAB'S MISSION IS TO CREATE CONNECTED AND INTERACTIVE EARLY LEARNING ENVIRONMENTS BY DEPLOYING BOOKS, DIGITAL CONTENT, AND BLENDED LEARNING SOLUTIONS FOR UNDER-RESOURCED CHILDREN, THEIR CAREGIVERS, AND EDUCATORS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $480,952

Program Service Revenue $5,495

Investment Income $0

Other Revenue $549

TOTAL REVENUE $486,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,329

Fundraising Expenses $15,922

Program Expenses $199,767

Other Expenses $78,385

TOTAL EXPENSES $280,714

Year-over-Year Comparison

	2021	2020	Change
Revenue	$486,996	$477,163	+0.0%
Expenses	$280,714	$505,924	-0.4%
Net Income	$206,282	$-28,761	-8.2%

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

$123,663

Total Directors

$123,663

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA REED	CEO	40	Officer Director	$123,663	$0	$123,663
USH PATEL	BOARD PRESIDENT	1	Officer Director	$0	$0	$0
MIKE KNYCH	TREASURER	1	Officer Director	$0	$0	$0
LEA ANNE BORDERS	SECRETARY	1	Officer Director	$0	$0	$0
STEVE MIDGLEY	BOARD MEMBER	1	Director	$0	$0	$0
ELIZA LEIGHTON	BOARD MEMBER	1	Director	$0	$0	$0
JOSHUA WRIGHT	BOARD MEMBER	1	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
2021	$486,996	$280,714	$155,212	$206,282
2020	$477,163	$505,924	$83,079	$-28,761
2019	$487,610	$721,034	$91,650	$-233,424
2018	$782,266	$1,132,404	$260,731	$-350,138
2017	$1,062,522	$1,076,713	$619,750	$-14,191

LITERACY LAB