LITERACY COUNCIL OF SARASOTA INC

EIN: 591911680 501(c)(3)

SARASOTA, FL

Total Revenue
$433,027
Total Expenses
$424,379
Total Assets
$163,851
Net Assets
$136,711
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
FL
Principal Officer
LAURA RANDALL
Phone
9419550421
Tax Period
2023-07-01 to 2024-06-30

LITERACY COUNCIL OF SARASOTA INC, founded in 1988, is a small nonprofit that reported $433K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TEACHING THROUGH ONE-ON-ONE AND SMALL GROUP TUTORING THAT ENABLES ADULTS TO ACQUIRE READING, WRITING, SPEAKING, AND COMPREHENSION SKILLS TO MEET THE DEMANDS OF DAILY LIFE, TO IMPROVE THEIR POTENTIAL FOR FULFILLING EMPLOYMENT, AND TO ENHANCE THE QUALITY OF LIFE FOR THEMSELVES AND THEIR FAMILIES.RECRUITING, TRAINING, AND SUPPORTING TUTORS AND OTHER VOLUNTEERS WHO PERFORM THE IMPORTANT LCS ACTIVITIES THAT RESULT IN A MORE LITERATE SARASOTA COMMUNITY.RAISING COMMUNITY AWARENESS SO THAT COOPERATIVE EFFORTS LEAD TO INCREASING LITERACY AND SUPPORTING THE GOALS OF THE ORGANIZATION.COLLABORATING WITH OTHER LOCAL, STATE, AND NATIONAL ORGANIZATIONS TO EDUCATE DECISION-MAKERS, CO-SPONSOR ACTIVITIES, AND JOINTLY WORK ON PROJECTS RELATING TO ADULT AND FAMILY LITERACY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $386,244
Program Service Revenue $58,829
Investment Income $0
Other Revenue $-12,046
TOTAL REVENUE $433,027

Expense Breakdown

Grants Paid $0
Salaries & Benefits $213,275
Fundraising Expenses $21,750
Program Expenses $362,326
Other Expenses $211,104
TOTAL EXPENSES $424,379

Year-over-Year Comparison

2023 2022 Change
Revenue $433,027 $394,267 +0.1%
Expenses $424,379 $381,886 +0.1%
Net Income $8,648 $12,381 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
112

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
5
$76,541
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANNE ARMOUR PRESIDENT 4.00
Officer Director
$0 $0 $0
LAURA RANDALL VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
KARI-JO KOSHES SECRETARY 2.00
Officer Director
$0 $0 $0
MONIQUE TOLER TREASURER 1.00
Officer Director
$0 $0 $0
LIAM DINGMAN DIRECTOR 1.00
Director
$0 $0 $0
DR LINDA T JONES DIRECTOR 1.00
Director
$0 $0 $0
MATT KERN DIRECTOR 1.00
Director
$0 $0 $0
DAVID BOWMAN DIRECTOR 1.00
Director
$0 $0 $0
GRIER FERGUSON DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH DIMARTINO DIRECTOR 1.00
Director
$0 $0 $0
TOM MELVILLE EXECUTIVE DIRECTOR 40.00
Officer
$76,541 $0 $76,541
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 $433,027 $424,379 $163,851 $8,648
2023 $394,267 $381,886 $132,581 $12,381
2022 $366,503 $326,613 $127,789 $39,890
2021 $283,571 $287,719 $80,122 $-4,148
2020 $280,353 $279,763 $105,965 $590
2019 $247,949 $233,859 $82,837 $14,090
2018 $237,538 $234,147 $68,443 $3,391
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare LITERACY COUNCIL OF SARASOTA INC with other nonprofits in Florida and across the country.