LITERACY MID-SOUTH INC

EIN: 620960143 501(c)(3)

MEMPHIS, TN

Total Revenue
$5,456,354
Total Expenses
$5,361,346
Total Assets
$3,587,957
Net Assets
$3,533,211
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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
TN
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 MOBILIZE THE COMMUNITY TO MAXIMIZE THE IMPACT OF LITERACY AND LEARNING SERVICES TO ALL SEGMENTS OF THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $4,626,799

READING AND TUTORING PROGRAMS IN THE MID-SOUTH.

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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 $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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Governance

Voting Members
15
Independent Members
15
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
5
$152,425
Total Directors
16
$152,425
Key Employees
0
$0
Highest Compensated
0
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
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