LITERACY TRUST INC (EIN 593551080) - 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

1998

Legal Domicile

Principal Officer

ERICA DOHERTY

Phone

6468440720

Tax Period

2022-07-01 to 2023-06-30

LITERACY TRUST INC, founded in 1998, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO LEVERAGE WHAT ALREADY EXISTS IN SCHOOL COMMUNITIES TO INCREASE EDUCATIONAL CAPACITY TO CREATE MORE FLUENT, MOTIVATED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,060,018

Program Service Revenue $466,889

Investment Income $13

Other Revenue $55,457

TOTAL REVENUE $1,582,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,202,466

Fundraising Expenses $155,449

Program Expenses $1,486,777

Other Expenses $830,332

TOTAL EXPENSES $2,032,798

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,582,377	$1,784,480	-0.1%
Expenses	$2,032,798	$3,258,614	-0.4%
Net Income	$-450,421	$-1,474,134	-0.7%

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

$273,576

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUMEET CHUGANI	BOARD CO-CHAIR	1.00	Officer Director	$0	$0	$0
CATHLEEN COLLINS	BOARD CO-CHAIR	1.00	Officer Director	$0	$0	$0
KAREN DANIELS	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL E GRUEN SECRETARY	THRU 06/23, DIRECTOR AS OF 06/23	1.00	Officer Director	$0	$0	$0
REBECCA TESFAYE	SECRETARY AS OF 06/23	1.00	Officer Director	$0	$0	$0
NADA BSEIKRI	DIRECTOR	0.50	Director	$0	$0	$0
ZACHARY DOMINITZ	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA TETTONIS	DIRECTOR	0.50	Director	$0	$0	$0
SALMA MURO	EXECUTIVE DIRECTOR THRU 09/22	40.00	Officer	$119,526	$27,258	$146,784
ERICA DOHERTY	EXECUTIVE DIRECTOR	40.00	Officer	$125,167	$1,625	$126,792
PHYLISA WISDOM	DIRECTOR OF STRATEGIC PARTNERSHIP	40.00	Highest	$120,373	$12,179	$132,552

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	No data	No data	No data	No data
2023	$1,582,377	$2,032,798	$1,472,369	$-450,421
2022	$1,784,480	$3,258,614	$1,951,497	$-1,474,134
2021	$4,601,773	$2,806,592	$3,504,762	$1,795,181
2020	$2,445,709	$2,457,971	$1,422,699	$-12,262
2019	$2,078,656	$2,014,719	$1,156,493	$63,937
2018	$1,717,711	$1,827,900	$1,183,107	$-110,189

LITERACY TRUST INC