LITERACY MID-SOUTH INC (EIN 620960143) - 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

1974

Legal Domicile

Principal Officer

DR AMESHICA LINSEY

Phone

9013276000

Tax Period

2024-07-01 to 2025-06-30

LITERACY MID-SOUTH INC, founded in 1974, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

TO PROVIDE ACCESS TO LITERACY RESOURCES FOR LEARNERS OF ALL AGES AND BACKGROUNDS

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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 $5,464,035

Program Service Revenue $0

Investment Income $79,830

Other Revenue $-87,511

TOTAL REVENUE $5,456,354

Expense Breakdown

Grants Paid $352,803

Salaries & Benefits $4,132,821

Fundraising Expenses $272,875

Program Expenses $4,626,799

Other Expenses $875,722

TOTAL EXPENSES $5,361,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,456,354	$6,580,531	-0.2%
Expenses	$5,361,346	$4,570,520	+0.2%
Net Income	$95,008	$2,010,011	-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

361

Volunteers

N/A

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

$152,425

Total Directors

$152,425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN NICHOLS	INTERIM EXECUTIVE DIRECTOR	40.00	Officer Director	$139,554	$12,871	$152,425
DANA MIGLIACCIO	CHAIR	1.00	Officer Director	$0	$0	$0
MEGHAN CULLEN	CHAIR	1.00	Officer Director	$0	$0	$0
ASHLEY JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM STAKEM	TREASURER	1.00	Officer Director	$0	$0	$0
CRYSTAL COOK	DIRECTOR	1.00	Director	$0	$0	$0
EDITH GNANADASS	DIRECTOR	1.00	Director	$0	$0	$0
CHERHONDA MASON-AYERS	DIRECTOR	1.00	Director	$0	$0	$0
CHANDRA TUGGLE	DIRECTOR	1.00	Director	$0	$0	$0
VENITA DOGGETT	DIRECTOR	1.00	Director	$0	$0	$0
WENDY GRISWOLD	DIRECTOR	1.00	Director	$0	$0	$0
CHANTALE HILLARD	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL BACHELOR	DIRECTOR	1.00	Director	$0	$0	$0
JERRY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK SPANIER	DIRECTOR	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	$5,456,354	$5,361,346	$3,587,957	$95,008
2024	$6,580,531	$4,570,520	$3,647,799	$2,010,011
2023	$2,698,392	$2,673,772	$1,915,436	$24,620
2022	$1,066,106	$1,316,786	$1,256,654	$-250,680
2021	$1,146,029	$1,170,388	$1,670,875	$-24,359
2020	$1,148,746	$999,680	$1,525,568	$149,066
2019	$720,334	$873,075	$1,375,149	$-152,741
2018	$1,130,935	$825,406	$1,525,501	$305,529

LITERACY MID-SOUTH INC