LITERACY LAB

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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.

Program Service Accomplishments

Program 1

Expenses: $83,192 Revenue: $0

SPECIAL INITIATIVES - LITERACY LAB STAFF ARE CONSTANTLY PROTOTYPING NEW WAYS TO HELP CHILDREN SUCCEED IN THEIR EDUCATIONAL JOURNEY. DURING 2018, GITLAB DEVELOPED A BACK-END UTILITY APP THAT ENABLES MONITORING OF THE LITTAB MULTI-APP ENVIRONMENT USAGE, TO HELP PROVIDERS AND PARENTS GAIN INSIGHTS INTO HOW BEST TO GUIDE LEARNERS AS THEY USE THE LITTAB PROGRAM. WE CONTINUE TO PILOT PRODUCTS AND SERVICES THAT WILL GET INTEGRATED INTO OUR FULL SUITE OF PROGRAMS AND PRODUCTS.

Program 2

Expenses: $58,971 Revenue: $1,120

INTERACTIVE READING & LEARNING TOOLS: THE LITTAB PROGRAM COMBINES A TABLET, EBOOKS, AND LEARNING APPS TO TRANSFORM HOW A CHILD EXPERIENCING POVERTY DEVELOPS LEARNING PATHWAYS FOR SCHOOL READINESS AND SUCCESS. LITERACY LAB MAKES LEARNING RESOURCES TO CHILDREN BY PROVIDING HIGH-QUALITY EBOOKS AND LEARNING APPS, ACCESSIBLE IN MULTIPLE LANGUAGES, THE LITTAB PROGRAM ALSO CHANGES ACTIONS BY OFFERING INTERACTIVE BLENDED LEARNING SOLUTIONS THAT ENGAGE PARENTS AND CAREGIVERS TO USE TECHNOLOGY TO INTERACT AND DRIVE THEIR CHILDREN'S LEARNING.

Program 3

Expenses: $29,883 Revenue: $0

ACCESS TO BOOKS - LITERACY LAB BELIEVES IN AN INTERACTIVE BLENDED APPROACH TO EARLY LEARNING. MANY EDUCATION CENTERS LACK THE NECESSARY TOOLS TO HELP BRIDGE THE 30-MILLION WORD GAP THAT EXISTS...

ACCESS TO BOOKS - LITERACY LAB BELIEVES IN AN INTERACTIVE BLENDED APPROACH TO EARLY LEARNING. MANY EDUCATION CENTERS LACK THE NECESSARY TOOLS TO HELP BRIDGE THE 30-MILLION WORD GAP THAT EXISTS BETWEEN LOW-INCOME CHILDREN AND THEIR HIGHER-INCOME COUNTERPARTS. OUR BOOKCASE LIBRARY PROGRAM PLACES BOOKCASES FILLED WITH APPROXIMATELY 30 AGE-APPROPRIATE BOOKS IN CHILD DEVELOPMENT CENTERS, STATE FUNDED PRESCHOOLS, AND ELEMENTARY SCHOOLS. ALL OF THE BOOKS ARE NEW CHILDREN'S BOOKS SELECTED TO BE DEVELOPMENTALLY APPROPRIATE, LANGUAGE-DIVERSE, AND CULTURALLY RELEVANT SELECTED TO SUPPORT CRITICAL THINKING, VOCABULARY, AND BACKGROUND KNOWLEDGE DEVELOPMENT. BOOK LISTS REFLECT COMMON CORE AND STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART, AND MATHEMATICS) CONTENT.

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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