LITERACY SERVICES OF INDIAN RIVER COUNTY INC (EIN 591987210) - 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

1973

Legal Domicile

Principal Officer

JOANN HITT

Phone

7727782223

Tax Period

2024-07-01 to 2025-06-30

LITERACY SERVICES OF INDIAN RIVER COUNTY INC, founded in 1973, is a small nonprofit in the Education sector that reported $359K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $308K left a modest 14% surplus.

Mission

THE MISSION OF LITERACY SERVICES OF INDIAN RIVER COUNTY, INC. IS TO DELIVER COMPREHENSIVE AND INNOVATIVE LEARNING OPPORTUNITIES TO LOCAL ADULTS SEEKING ENGLISH LANGUAGE AND LITERACY SKILLS TO ACHIEVE THEIR GOALS.

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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 $275,438

Program Service Revenue $0

Investment Income $27,444

Other Revenue $56,432

TOTAL REVENUE $359,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,270

Fundraising Expenses $33,478

Program Expenses $211,839

Other Expenses $82,214

TOTAL EXPENSES $308,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$359,314	$323,132	+0.1%
Expenses	$308,484	$297,148	+0.0%
Net Income	$50,830	$25,984	+1.0%

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

220

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LT JOE ABOLLO	DIRECTOR	2.00	Director	$0	$0	$0
SAMIA BENNOUNA	DIRECTOR	2.00	Director	$0	$0	$0
NICK BRUCE	DIRECTOR	2.00	Director	$0	$0	$0
JOANN HITT	PRESIDENT	2.00	Officer Director	$0	$0	$0
KENT JONES	DIRECTOR	2.00	Director	$0	$0	$0
JUDGE PAUL KANAREK	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS LOCKE	TREASURER	2.00	Officer Director	$0	$0	$0
KAREN MALTIS	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA MANN	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN MICHAELS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JOHN MUSSELMAN	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS STEINKRAUSS	DIRECTOR	2.00	Director	$0	$0	$0
LORNA STENGEL	DIRECTOR	2.00	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	$359,314	$308,484	$563,048	$50,830
2024	$323,132	$297,148	$502,972	$25,984
2023	$276,135	$253,176	$480,010	$22,959
2021	$256,049	$224,231	$419,063	$31,818
2020	$345,929	$206,327	$423,060	$139,602
2019	$250,683	$241,541	$251,541	$9,142
2018	$257,902	$236,268	$241,725	$21,634

LITERACY SERVICES OF INDIAN RIVER COUNTY INC