FLORIDA LITERACY COALITION INC

EIN: 592588924 501(c)(3) Education

MAITLAND, FL

Total Revenue
$465,558
Total Expenses
$519,405
Total Assets
$1,222,962
Net Assets
$1,180,832
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
FL
Principal Officer
GREGORY SMITH
Phone
4072467110
Tax Period
2024-07-01 to 2025-06-30

FLORIDA LITERACY COALITION INC, founded in 1985, is a small nonprofit in the Education sector that reported $466K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $519K exceeded revenue, resulting in a 12% operating deficit.

Mission

ESTABLISHED IN 1985, THE FLORIDA LITERACY COALITION PROMOTES, SUPPORTS AND ADVOCATES FOR THE EFFECTIVE DELIVERY OF QUALITY ADULT AND FAMILY LITERACY SERVICES IN FLORIDA. AS A STATEWIDE UMBRELLA LITERACY ORGANIZATION AND THE HOST OF FLORIDA'S ADULT AND FAMILY LITERACY RESOURCE CENTER, FLC PROVIDES A RANGE OF SERVICES TO SUPPORT MORE THAN 250 ADULT EDUCATION, LITERACY AND FAMILY LITERACY PROVIDERS THROUGHOUT FLORIDA. SPECIAL EMPHASIS IS PLACED ON ASSISTING COMMUNITY BASED LITERACY ORGANIZATIONS WITH THEIR TRAINING AND PROGRAM DEVELOPMENT NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $361,845
Program Service Revenue $4,695
Investment Income $55,459
Other Revenue $43,559
TOTAL REVENUE $465,558

Expense Breakdown

Grants Paid $188,872
Salaries & Benefits $215,920
Fundraising Expenses $0
Program Expenses $491,289
Other Expenses $114,613
TOTAL EXPENSES $519,405

Year-over-Year Comparison

2024 2023 Change
Revenue $465,558 $361,122 +0.3%
Expenses $519,405 $509,659 +0.0%
Net Income $-53,847 $-148,537 -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

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Governance

Voting Members
5
Independent Members
5
Employees
9
Volunteers
93

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
3
$90,921
Total Directors
6
$90,921
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY SMITH EXECUTIVE DI 40.00
Officer Director
$90,921 $0 $90,921
JAN SETZEKORN PRESIDENT 2.00
Officer Director
$0 $0 $0
HEIDI CURTIS TREASURER 2.00
Officer Director
$0 $0 $0
ANN BREIDENSTEIN MEMBER 1.00
Director
$0 $0 $0
CHRIS CATANIA MEMBER 1.00
Director
$0 $0 $0
ALISON HOEFLER MEMBER 1.00
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 $465,558 $519,405 $1,222,962 $-53,847
2024 $361,122 $509,659 $1,258,264 $-148,537
2023 $891,186 $567,815 $1,467,110 $323,371
2022 $490,933 $499,099 $1,142,094 $-8,166
2021 $506,652 $475,371 $1,177,013 $31,281
2020 $691,135 $463,691 $1,183,489 $227,444
2019 $503,365 $431,519 $915,281 $71,846
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