Houston Center for Literacy (EIN 760151362) - 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

1984

Legal Domicile

Principal Officer

David Joost

Phone

7132281801

Tax Period

2017-07-01 to 2018-06-30

Houston Center for Literacy, founded in 1984, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2017. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $801K, a strong 26% operating margin.

Mission

The goal of Houston Center for Literacy (HCL) is to raise the adult literacy rates in Houston. HCL ceased all operations and dissolved as of 6/30/2018.

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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 (2017)

Revenue Breakdown

Contributions & Grants $3,073,162

Program Service Revenue $0

Investment Income $1,072

Other Revenue $44,569

TOTAL REVENUE $3,118,803

Expense Breakdown

Grants Paid $440,478

Salaries & Benefits $1,194,222

Fundraising Expenses $67,250

Program Expenses $1,846,366

Other Expenses $675,360

TOTAL EXPENSES $2,318,060

Year-over-Year Comparison

	2017	2016	Change
Revenue	$3,118,803	$2,614,677	+0.2%
Expenses	$2,318,060	$2,743,194	-0.2%
Net Income	$800,743	$-128,517	-7.2%

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
Leisa Holland Nelson	Chair	4.00	Officer Director	$0	$0	$0
Steve Shardonofsky	Vice Chair/Sec	3.00	Officer Director	$0	$0	$0
Charles Litton	Treasurer	3.00	Officer Director	$0	$0	$0
Bradley Bracewell	Director	3.00	Director	$0	$0	$0
James Brodnax	Director	2.00	Director	$0	$0	$0
Sue Deigaard	Director	2.00	Director	$0	$0	$0
David Godwin	Director	2.00	Director	$0	$0	$0
John Gorczynski	Director	2.00	Director	$0	$0	$0
Rhea Lawson	Director	2.00	Director	$0	$0	$0
Martha Macris	Director	2.00	Director	$0	$0	$0
Edward Melton	Director	2.00	Director	$0	$0	$0
Lance Menster	Director	2.00	Director	$0	$0	$0
Amitav Misra	Director	2.00	Director	$0	$0	$0
Jerry Neal	Director	2.00	Director	$0	$0	$0
Christina Robinson	Director	2.00	Director	$0	$0	$0
Nipul Patel	Director	2.00	Director	$0	$0	$0
David Rosen	Director	2.00	Director	$0	$0	$0
Mark Sullivan	Director	2.00	Director	$0	$0	$0
Kim Tutcher	Director	2.00	Director	$0	$0	$0
Ed Wolff	Director	2.00	Director	$0	$0	$0
Aimee Woodall	Director	2.00	Director	$0	$0	$0
David Joost	Interim ED	36.00	Officer	$0	$0	$0
Sheri Suarez Foreman	Pres/CEO 11/17	36.00	Officer	$0	$0	$0
Patricia C Harris	VP Fin/Adm 8/17	36.00	Officer	$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
2018	$3,118,803	$2,318,060	No data	$800,743

Houston Center for Literacy