Oklahoma Literacy Coalition Inc (EIN 731290748) - 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

1986

Legal Domicile

Principal Officer

Taylor Meriwether

Tax Period

2023-01-01 to 2023-12-31

Oklahoma Literacy Coalition Inc, founded in 1986, is a small nonprofit that reported $102K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Net assets of $211K represent 25 months of operating reserves.

Mission

Supports Literacy Efforts Statewide by providing continuing education for literacy providers, grants to literacy organizations, and literacy awareness to government and media.

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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 (2023)

Revenue Breakdown

Contributions & Grants $78,195

Program Service Revenue $21,700

Investment Income $1,789

Other Revenue $0

TOTAL REVENUE $101,684

Expense Breakdown

Grants Paid $27,900

Salaries & Benefits $46,203

Fundraising Expenses $0

Program Expenses $103,913

Other Expenses $33,355

TOTAL EXPENSES $107,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,684	$137,164	-0.3%
Expenses	$107,458	$98,024	+0.1%
Net Income	$-5,774	$39,140	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mandy Durham	Director	1.00	Director	$0	$0	$0
Susan Reynolds	Director	1.00	Director	$0	$0	$0
DesJean Jones	Director	1.00	Director	$0	$0	$0
Chelsea Carey	Director	1.00	Director	$0	$0	$0
Rebecca Barker	Director	1.00	Director	$0	$0	$0
Brooklynn Bors	Ex-Officio	1.00	Director	$0	$0	$0
Jeanette Kennedy	Director	1.00	Director	$0	$0	$0
Billy Colson	Ex-Officio	1.00	Director	$0	$0	$0
Cheryl Dorris	Director	1.00	Director	$0	$0	$0
Susan Bernard	Director	1.00	Director	$0	$0	$0
Dana Kelso	Director	1.00	Director	$0	$0	$0
Bruce A Davis	Director	1.00	Director	$0	$0	$0
Kimberly Boldt	Director	1.00	Director	$0	$0	$0
Melanie Pickard	Director	1.00	Director	$0	$0	$0
Karen Kerr-McGraw	Vice President	2.00	Officer Director	$0	$0	$0
Joy Billingsley	Secretary	2.00	Officer Director	$0	$0	$0
Melissa M Struttmann	Treasurer	2.00	Officer Director	$0	$0	$0
Taylor Meriwether	President	2.00	Officer	$0	$0	$0
Laura Taylor	Executive Director	40.00	Key Emp	$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	No data	No data	No data	No data
2023	$101,684	$107,458	$213,125	$-5,774
2022	$137,164	$98,024	$218,571	$39,140
2022	$137,675	$97,465	$219,081	$40,210
2021	$119,162	$88,113	$179,449	$31,049
2020	$103,623	$72,717	$148,175	$30,906
2019	$101,810	$159,095	$117,269	$-57,285
2018	$140,179	$150,277	$174,556	$-10,098

Oklahoma Literacy Coalition Inc