LEARN TO READ OF ST JOHNS CO INC (EIN 592994710) - 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

1990

Legal Domicile

Principal Officer

JOSEPH P CINNEY

Phone

9048260011

Tax Period

2024-01-01 to 2024-12-31

LEARN TO READ OF ST JOHNS CO INC, founded in 1990, is a small nonprofit in the Education sector that reported $148K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $134K left a modest 9% surplus.

Mission

TO TUTOR ADULTS IN ST. JOHNS COUNTY, FL TO IMPROVE THEIR READING, WRITING, MATH, AND SPEAKING SKILLS TO OBTAIN A GED AND/OR CITIZENSHIP AND TO TRAIN VOLUNTEER TUTORS TO PROVIDE THESE INSTRUCTED SERVICES. THE ORGANIZATION PROVIDES ADULT LEARNERS WITH HEALTH AND FINANCIAL LITERACY INSTRUCTION AND OFFERS STUDENTS REMOTE/DISTANCE LEARNING.

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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 $147,470

Program Service Revenue $0

Investment Income $68

Other Revenue $839

TOTAL REVENUE $148,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,500

Fundraising Expenses $4,757

Program Expenses $109,268

Other Expenses $45,866

TOTAL EXPENSES $134,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,377	$117,616	+0.3%
Expenses	$134,366	$134,355	+0.0%
Net Income	$14,011	$-16,739	-1.8%

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

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

$56,851

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAINE REAGAN	CHAIR	2.00	Officer Director	$0	$0	$0
VALERIE MULL	TREASURER	2.00	Officer Director	$0	$0	$0
ANN BREIDENSTEIN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DR EDWARD JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH P CINNEY	CEO	40.00	Officer	$56,851	$0	$56,851

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	$148,377	$134,366	$108,193	$14,011
2023	$117,616	$134,355	$95,116	$-16,739
2022	$122,867	$122,610	$115,835	$257
2021	$84,608	$109,587	$104,740	$-24,979
2020	$120,620	$107,336	$145,557	$13,284
2019	$126,385	$113,896	$117,150	$12,489
2018	$101,251	$99,451	$104,434	$1,800

LEARN TO READ OF ST JOHNS CO INC