PERMIAN BASIN ADULT LITERACY CENTE… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

Alba Austin

Phone

4326829693

Tax Period

2024-01-01 to 2024-12-31

PERMIAN BASIN ADULT LITERACY CENTER INC, founded in 1985, is a small nonprofit that reported $136K in total revenue in fiscal year 2024. Expenses of $204K exceeded revenue, resulting in a 50% operating deficit.

Mission

The mission of Permian Basin Adult Literacy Center (PBALC) is to develop the literacy skills of adults so they can achieve their goals, improve their lives, and impact our community. Our program addresses English Language Learning and Adult Education & Literacy. Our target clientele are adults over the age of 18 who need to develop their reading and writing skills, English language skills, or other literacy skills. We create an individualized achievement plan for each student through enrollment, assessment, and goal-setting. PBALC strives to provide an inclusive and adaptable program that encourages students to commit to pursuing their individual literacy goals.

Program Service Accomplishments

Program 1

Expenses: $124,927 Revenue: $2,127

PBALC offers essential English Language Learning (ELL) and Adult Education & Literacy (AEL) services. The ELL program helps adults improve their English skills, offering classes from beginner to...

PBALC offers essential English Language Learning (ELL) and Adult Education & Literacy (AEL) services. The ELL program helps adults improve their English skills, offering classes from beginner to advanced levels, including citizenship preparation. Instruction is available in small group settings, one-on-one tutoring, and through self-paced online programs. The AEL program focuses on fundamental reading and writing skills, providing personalized tutoring and flexible learning options. With a mission to develop adult literacy skills, PBALC empowers individuals to achieve their goals and positively impact their community. We have seen a 20% increase in enrollment over the past year, reflecting the growing service demand. In 2024, 63% of active students achieved their goals, demonstrating the effectiveness of our educational offerings.

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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 $126,835

Program Service Revenue $2,127

Investment Income $7,098

Other Revenue $0

TOTAL REVENUE $136,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,317

Fundraising Expenses $37,887

Program Expenses $124,927

Other Expenses $49,644

TOTAL EXPENSES $203,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,060	$136,579	0.0%
Expenses	$203,961	$174,506	+0.2%
Net Income	$-67,901	$-37,927	+0.8%

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

$68,921

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alba Austin	Executive Director	40	Officer	$68,921	$0	$68,921
Amanda Grey	Member	1	Director	$0	$0	$0
Christi Ramos	Member	1	Director	$0	$0	$0
Georgi Garza	Member	1	Director	$0	$0	$0
Lindsey Tooman	Member	1	Director	$0	$0	$0
Megan Crisler	Member	1	Director	$0	$0	$0
Roland Holder	Member	1	Director	$0	$0	$0
Stephan Chang	Member	1	Director	$0	$0	$0
Robert Garcica	President	6	Officer Director	$0	$0	$0
Jonathan Connors	President thru Jan	0	Officer Director	$0	$0	$0
Baily Howard Leonard	Vice President thru March	0	Officer Director	$0	$0	$0
Jessica Bexley	Secretary	1	Officer Director	$0	$0	$0
Marcus Davis	Treasurer	1	Officer 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	$136,060	$203,961	$277,982	$-67,901
2022	$367,787	$184,221	$380,203	$183,566
2020	$202,361	$226,741	$226,927	$-24,380
2019	$269,285	$253,842	$245,980	$15,443

PERMIAN BASIN ADULT LITERACY CENTER INC