LITERACY LUBBOCK (EIN 752293940) - 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

1990

Legal Domicile

Principal Officer

JULIE LAUGHLIN

Phone

8067753636

Tax Period

2024-07-01 to 2025-06-30

LITERACY LUBBOCK, founded in 1990, is a small nonprofit in the Education sector that reported $161K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $257K exceeded revenue, resulting in a 59% operating deficit.

Mission

LITERACY LUBBOCK EXECUTES AND SUPPORTS PROGRAMS THAT ENABLE PEOPLE TO BECOME LITERATE.

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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 $150,187

Program Service Revenue $0

Investment Income $8,527

Other Revenue $2,520

TOTAL REVENUE $161,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,274

Fundraising Expenses $10,500

Program Expenses $231,990

Other Expenses $67,585

TOTAL EXPENSES $256,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$161,234	$178,019	-0.1%
Expenses	$256,859	$283,752	-0.1%
Net Income	$-95,625	$-105,733	-0.1%

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

106

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

$72,738

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN LOWE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE MARCINKOWSKI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY STODDARD	TREASURER	1.00	Officer Director	$0	$0	$0
JOSH SALMANS 724-125	DIRECTOR	1.00	Director	$0	$0	$0
TENA GONZALES	DIRECTOR	1.00	Director	$0	$0	$0
LORI BEAN	DIRECTOR	1.00	Director	$0	$0	$0
SHERI LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH STEWART	DIRECTOR	1.00	Director	$0	$0	$0
BETH ELDER	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL MEISTER 125-625	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON MYERS 125-625	DIRECTOR	1.00	Director	$0	$0	$0
JULIE LAUGHLIN	EXECUTIVE DIRECTOR	40.00	Officer	$67,768	$4,970	$72,738

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	$161,234	$256,859	$231,863	$-95,625
2024	$178,019	$283,752	$328,677	$-105,733
2023	$259,084	$284,205	$434,630	$-25,121
2022	$284,325	$288,151	$458,490	$-3,826
2021	$289,080	$238,476	$501,457	$50,604
2020	$235,448	$234,089	$448,340	$1,359
2019	$250,236	$206,093	$412,759	$44,143
2018	$264,807	$241,165	$370,332	$23,642

LITERACY LUBBOCK