PENINSULA LITERACY COUNCIL INC (EIN 540843098) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

JOYELLE SAUNDERS

Phone

7572235115

Tax Period

2020-07-01 to 2021-06-30

PENINSULA LITERACY COUNCIL INC PENINSULA READS, founded in 1968, is a small nonprofit that reported $119K in total revenue in fiscal year 2017.

Mission

TO PROVIDE LITERACY SKILLS NECESSARY FOR ADULTS TO FUNCTION MORE EFFECTIVELY IN THEIR LIVES AND COMMUNITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $174,694

Program Service Revenue $1,062

Investment Income $5

Other Revenue $-899

TOTAL REVENUE $174,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,407

Fundraising Expenses $4,259

Program Expenses $82,802

Other Expenses $54,137

TOTAL EXPENSES $104,544

Year-over-Year Comparison

	2020	2019	Change
Revenue	$174,862	$142,856	+0.2%
Expenses	$104,544	$127,560	-0.2%
Net Income	$70,318	$15,296	+3.6%

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

132

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

$41,539

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYELLE SAUNDERS	EXECUTIVE DI	40.00	Director	$41,539	$0	$41,539
ERIC FLOYD	PRESIDENT	7.00	Officer Director	$0	$0	$0
ALFRED GONZALEZ	BOARD MEMBER	7.00	Director	$0	$0	$0
INGO HUEMER	TREASURER	7.00	Officer Director	$0	$0	$0
MELISSA JAMES	BOARD MEMBER	7.00	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
2021	$174,862	$104,544	$135,230	$70,318
2020	$142,856	$127,560	$82,201	$15,296
2019	$134,921	$136,871	$60,745	$-1,950
2018	$119,117	$129,039	$59,987	$-9,922

PENINSULA LITERACY COUNCIL INC