RICHARDSON ADULT LITERACY CENTER (EIN 752337073) - 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

ANN BANKS

Phone

9726445119

Tax Period

2023-07-01 to 2024-06-30

RICHARDSON ADULT LITERACY CENTER, founded in 1990, is a small nonprofit in the Education sector that reported $166K in total revenue in fiscal year 2023. Expenses of $241K exceeded revenue, resulting in a 45% operating deficit.

Mission

PROMOTION OF LITERACY - ENGLISH AS A SECOND LANGUAGE INSTRUCTION FOR ADULTS IS THE MAIN FOCUS.

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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 $57,051

Program Service Revenue $18,565

Investment Income $5,712

Other Revenue $85,153

TOTAL REVENUE $166,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,717

Fundraising Expenses $34,941

Program Expenses $179,677

Other Expenses $38,394

TOTAL EXPENSES $241,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,481	$167,781	0.0%
Expenses	$241,111	$215,874	+0.1%
Net Income	$-74,630	$-48,093	+0.6%

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

186

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

$86,183

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN BANKS	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
PATRICIA THOMSON	EXECUTIVE DIRECTOR	40.00	Director Highest	$86,183	$0	$86,183
DANIEL BURDETTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIMBERLY MARINO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER DAVIDSON	SECRETARY	1.00	Officer Director	$0	$0	$0
PHIL GIBBS	TREASURER	1.00	Officer Director	$0	$0	$0
RONALD J POFF	TREASURER	1.00	Officer Director	$0	$0	$0
GINGER GREENBERG	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE BURDETTE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GRINSFELDER	DIRECTOR	1.00	Director	$0	$0	$0
JARED EARLES	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN CEASER	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
RANE BURRESS	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	No data	No data	No data	No data
2024	$166,481	$241,111	$152,022	$-74,630
2023	$167,781	$215,874	$228,790	$-48,093
2022	$240,112	$201,345	$279,584	$38,767
2021	$212,008	$171,406	$287,107	$40,602
2021	$212,008	$171,406	$287,107	$40,602
2020	$221,678	$211,636	$244,539	$10,042
2019	$225,011	$184,997	$223,870	$40,014
2018	$186,530	$174,506	$177,273	$12,024

RICHARDSON ADULT LITERACY CENTER