CHILDRENS LITERACY PROJECT (EIN 472832907) - 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

2015

Legal Domicile

Principal Officer

CRAWFORD LEAVOY

Tax Period

2024-01-01 to 2024-07-31

CHILDRENS LITERACY PROJECT, founded in 2015, is a micro nonprofit in the Education sector that reported $46K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $100K exceeded revenue, resulting in a 117% operating deficit.

Mission

ENVISIONING A COMMUNITY WHERE ALL CHILDREN CAN READ, WRITE, AND SPELL, THE PROJECT TRAINS AND SUPPORTS VOLUNTEER TUTORS WHO PROVIDE FREE, LONGTERM, ONE TO ONE INSTRUCTION TO IMPROVE SKILLS OF LOW INCOME CHILDREN WHO NEED EXTRA HELP TO SUCCEED IN THE CLASSROOM.

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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 $29,951

Program Service Revenue $13,200

Investment Income $3,226

Other Revenue $0

TOTAL REVENUE $46,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,042

Fundraising Expenses $19,093

Program Expenses $64,080

Other Expenses $51,431

TOTAL EXPENSES $100,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,377	$153,254	-0.7%
Expenses	$100,473	$258,645	-0.6%
Net Income	$-54,096	$-105,391	-0.5%

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

N/A

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

Total Directors

Key Employees

$18,112

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI EASTERLIN	EXECUTIVE DIRECTOR	40.00	Key Emp	$18,112	$0	$18,112
CHARRYSE FREDRICK	MEMBER	8.00	Director	$0	$0	$0
MICHAEL BROWN	MEMBER	8.00	Director	$0	$0	$0
KELLY TEAGARDEN	MEMBER	5.00	Director	$0	$0	$0
RICKEYA JONES	MEMBER	8.00	Director	$0	$0	$0
DANIELLA SANCHEZ	MEMBER	5.00	Director	$0	$0	$0
KISHA DANIELS	MEMBER	8.00	Director	$0	$0	$0
LAYLA RIVERA	VICE CHAIR	5.00	Officer Director	$0	$0	$0
CRAWFORD LEAVOY	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
LINDA MCDONOUGH	SECRETARY	3.00	Officer Director	$0	$0	$0
ALEX HURDLE	TREASURER	5.00	Officer 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
2025	No data	No data	No data	No data
2024	$46,377	$100,473	$198,811	$-54,096
2023	$193,352	$192,622	$252,486	$730
2022	$153,254	$258,645	$245,297	$-105,391
2021	$240,781	$170,029	$352,688	$70,752
2020	$218,394	$245,586	$325,135	$-27,192
2019	$248,905	$275,705	$309,127	$-26,800

CHILDRENS LITERACY PROJECT