FAMILY LITERACY ACADEMY AT LAKE WALES INC (EIN 474294685) - 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

DEMING COWLES

Phone

8636048012

Tax Period

2024-07-01 to 2025-06-30

FAMILY LITERACY ACADEMY AT LAKE WALES INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $221K in total revenue in fiscal year 2024. The organization ran a surplus of $33K, a strong 15% operating margin.

Mission

THE FAMILY LITERACY ACADEMY AT LAKE WALES PROVIDES A FULLY INTEGRATED, COMPREHENSIVE EDUCATIONAL PROGRAM CONCENTRATING ON ADULTS THAT SEEK TO COMPLETE THEIR GED/ESOL PROGRAM.

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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 $214,361

Program Service Revenue $0

Investment Income $6,172

Other Revenue $90

TOTAL REVENUE $220,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,764

Fundraising Expenses $0

Program Expenses $148,659

Other Expenses $36,518

TOTAL EXPENSES $187,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,623	$217,470	+0.0%
Expenses	$187,282	$188,906	0.0%
Net Income	$33,341	$28,564	+0.2%

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

$49,115

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEMING COWLES	EXECUTIVE DI	40.00	Officer	$49,115	$0	$49,115
COLETTE BRAUNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
DR BELKIS CAPELES	DIRECTOR	1.00	Director	$0	$0	$0
DONNA DUNSON	DIRECTOR	1.00	Director	$0	$0	$0
SUE FRANTZ	DIRECTOR	1.00	Director	$0	$0	$0
DR ELEEN HOLDEN	HONORARY	1.00	Director	$0	$0	$0
TERRYE HOWELL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
NANCY HOYT	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD KAY	DIRECTOR	1.00	Director	$0	$0	$0
DR NELSON MARQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MCCANCE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MUELLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER NANNEK	DIRECTOR	1.00	Director	$0	$0	$0
DR WAYNE RODOLFICH	DIRECTOR	1.00	Director	$0	$0	$0
BOLET SALUD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROB SANSOME	DIRECTOR	1.00	Director	$0	$0	$0
KATHY MANRY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON SYNDER	TREASURER	1.00	Director	$0	$0	$0
ELEANOR WETZEL	SECRETARY	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
2025	$220,623	$187,282	$290,382	$33,341
2024	$217,470	$188,906	$264,923	$28,564

FAMILY LITERACY ACADEMY AT LAKE WALES INC