LITERACY DELAWARE (EIN 510410054) - 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

2001

Legal Domicile

Principal Officer

LESLIE MCGOWAN

Phone

3026585624

Tax Period

2024-07-01 to 2025-06-30

LITERACY DELAWARE, founded in 2001, is a small nonprofit in the Education sector that reported $515K in total revenue in fiscal year 2024.

Mission

LITERACY DELAWARE ADVANCES LITERACY THROUGH TRAINING, TUTORING, ENGLISH LANGUAGE ACQUISITION AND ADVOCACY FOR ALL DELAWAREANS.

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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 $487,965

Program Service Revenue $5,869

Investment Income $5,306

Other Revenue $16,048

TOTAL REVENUE $515,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $291,989

Fundraising Expenses $0

Program Expenses $342,118

Other Expenses $213,651

TOTAL EXPENSES $505,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$515,188	$492,412	+0.0%
Expenses	$505,640	$470,863	+0.1%
Net Income	$9,548	$21,549	-0.6%

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

118

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

$81,184

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG O'NEILL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MOULI RAVILLA	TREASURER	1.00	Officer Director	$0	$0	$0
COLIN MURPHY	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANE FRENTZEL	DIRECTOR	1.00	Director	$0	$0	$0
DR ANNIE NORMAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN SEEMAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SPADOLA	DIRECTOR	1.00	Director	$0	$0	$0
LYNDA PUSEY	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE BARGER	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA SHERMEYER	EXECUTIVE DIRECTOR	40.00	Officer	$81,184	$0	$81,184

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	$515,188	$505,640	$247,992	$9,548
2024	$492,412	$470,863	$296,636	$21,549
2023	$431,672	$444,619	$197,756	$-12,947
2022	$389,099	$340,238	$176,370	$48,861
2021	$384,440	$235,553	$179,075	$148,887
2018	$189,572	$194,831	$87,702	$-5,259

LITERACY DELAWARE