LITERACY ACTION INC

EIN: 581053728 501(c)(3)

Duluth, GA

Total Revenue
$187,479
Total Expenses
$1,219,644
Total Assets
N/A
Net Assets
N/A
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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
1968
Legal Domicile
GA
Tax Period
2023-07-01 to 2024-06-30

LITERACY ACTION INC, founded in 1968, is a small nonprofit that reported $187K in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 551% operating deficit.

Mission

To build better futures by empowering individuals with literacy, life and work skills and our vision is to break the intergenerational cycle of low literacy and poverty.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $22,959
Program Service Revenue $127,363
Investment Income $37,043
Other Revenue $114
TOTAL REVENUE $187,479

Expense Breakdown

Grants Paid $293,342
Salaries & Benefits $349,145
Fundraising Expenses $64,171
Program Expenses $693,710
Other Expenses $577,157
TOTAL EXPENSES $1,219,644

Year-over-Year Comparison

2023 2022 Change
Revenue $187,479 $1,445,104 -0.9%
Expenses $1,219,644 $1,567,897 -0.2%
Net Income $-1,032,165 $-122,793 +7.4%
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

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Governance

Voting Members
21
Independent Members
21
Employees
17
Volunteers
N/A

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA TOTONCHI INTERIM EXECUTIVE DIRECTOR 30.00
$26,000 $0 $26,000
BLAKE MCDANIEL CHAIR 5.00
Officer Director
$0 $0 $0
WINNIFER COX TRUSTEE 0.00
$0 $0 $0
ROHAN EDWARDS TRUSTEE 0.00
$0 $0 $0
JEANETTE CHUQUIURE CRAWFORD TRUSTEE 0.00
$0 $0 $0
CASSANDRA SEIBLES TRUSTEE 0.00
$0 $0 $0
BEVERLY FERGUSON TRUSTEE 0.00
$0 $0 $0
HELENA AUGENSTEIN TRUSTEE 0.00
$0 $0 $0
BARBARA FELIX TRUSTEE 0.00
$0 $0 $0
DAVID DIETRICHS TRUSTEE 0.00
$0 $0 $0
CHRISTINE BRODNAN TRUSTEE 0.00
$0 $0 $0
KALLE WOOD TRUSTEE 0.00
$0 $0 $0
PENNY PALMER TREASURER 0.00
$0 $0 $0
TORY WINN TRUSTEE 0.00
$0 $0 $0
CAROLYN PLEISS TRUSTEE 0.00
$0 $0 $0
LESLEY SOLOMON TRUSTEE 0.00
$0 $0 $0
CALVIN WRIGHT TRUSTEE 0.00
$0 $0 $0
DAVID PETERSON TRUSTEE 0.00
$0 $0 $0
ADDISON MERIWEATHER TRUSTEE 1.00
$0 $0 $0
DEIRDRA GLOVER SECRETARY 0.00
$0 $0 $0
NITHYA NARASIMHAN TRUSTEE 0.00
$0 $0 $0
TRACIE COKER KAMBIES TRUSTEE 0.00
$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
2024 $187,479 $1,219,644 No data $-1,032,165
2023 $1,445,104 $1,567,897 $1,470,840 $-122,793
2022 $1,539,429 $1,352,841 $1,276,569 $186,588
2021 $1,510,503 $1,385,678 $1,290,377 $124,825
2020 $1,431,323 $1,552,334 $898,740 $-121,011
2019 $1,501,127 $1,498,139 $1,063,199 $2,988
2018 $1,387,785 $2,237,406 $989,485 $-849,621
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