LITERACY ACTION OF CENTRAL ARKANSAS INC (EIN 710638565) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

JACK HEINRITZ

Phone

5013710500

Tax Period

2023-07-01 to 2024-06-30

LITERACY ACTION OF CENTRAL ARKANSAS INC, founded in 1992, is a small nonprofit in the Education sector that reported $286K in total revenue in fiscal year 2018. Revenue fell 39% from the prior year — a significant decline worth monitoring.

Mission

TEACH ADULTS TO READ

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $251,308

Program Service Revenue $0

Investment Income $33

Other Revenue $0

TOTAL REVENUE $251,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,800

Fundraising Expenses $13,331

Program Expenses $112,212

Other Expenses $91,904

TOTAL EXPENSES $201,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$251,341	$178,400	+0.4%
Expenses	$201,704	$212,268	0.0%
Net Income	$49,637	$-33,868	-2.5%

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

190

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

Total Directors

Key Employees

$51,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA VENHAUS	EXEC DIRECTOR	40.00	Key Emp	$51,600	$0	$51,600
ROSE MERRY KIRKPATRICK	PRESIDENT	2.00	Officer	$0	$0	$0
CATHY MAY	VICE PRESIDENT	2.00	Officer	$0	$0	$0
LOUENE LIPSMEYER	SECRETARY	2.00	Officer	$0	$0	$0
BILL FOSTER	TREASURER	2.00	Officer	$0	$0	$0
TISH DEPRIEST	BOARD MEMBER	2.00	Director	$0	$0	$0
RAMON ESCAMILLA	BOARD MEMBER	2.00	Director	$0	$0	$0
CALEY HAWKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERRY OWEN	BOARD MEMBER	2.00	Director	$0	$0	$0
APRIL PHILLIPS-PERRY	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVEANTE JONES	PAST PRESIDET	2.00	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
2024	$251,341	$201,704	$81,388	$49,637
2023	$178,400	$212,268	$31,707	$-33,868
2022	$189,095	$178,085	$63,830	$11,010
2021	$135,659	$153,650	$51,921	$-17,991
2020	$179,639	$167,325	$67,398	$12,314
2019	$286,226	$285,711	$51,163	$515

LITERACY ACTION OF CENTRAL ARKANSAS INC