LITERACY MATTERS FOUNDATION

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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

2016

Legal Domicile

Principal Officer

DEB MALLIN

Phone

5029667323

Tax Period

2020-07-01 to 2021-06-30

LITERACY MATTERS FOUNDATION, founded in 2016, is a small nonprofit that reported $815K in total revenue in fiscal year 2020. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 47% operating deficit.

Mission

THE LITERACY MATTERS FOUNDATION IS A TEAM OF TEACHERS, CONTENT EXPERTS, TECHNOLOGY GURUS, AND STRATEGISTS WHO HELP STUDENTS MASTER LITERACY. BY BUILDING EDUCATIONAL SOFTWARE BASED ON PROVEN PEDAGOGIC TECHNIQUES, AND INTEGRATING IT INTO THE CLASSROOM, WE BRING PERSONALIZED READING AND WRITING INSTRUCTION TO EMPOWER EMERGING READERS.

Program Service Accomplishments

Program 1

Expenses: $635,850 Revenue: $790,707

MIGHTY DOODLE: LITERACY MATTERS HAS A NON-EXCLUSIVE LICENSED & CO-DEVELOPED LEARNING SOFTWARE (MIGHTY DOODLE) THAT BRINGS TOGETHER ARTIFICIAL INTELLIGENCE AND RESEARCH-BASED CURRICULUM. FOLLOWING THE ORTON-GILLINGHAM INSTRUCTIONAL APPROACH. THE LEARNING PROGRAM PROVIDES ENGAGING, CHILD-FRIENDLY LITERACY INSTRUCTION, WHILE ASSESSING A STUDENT'S ADVANCEMENT IN REAL TIME. BY UNDERSTANDING STUDENTS' INDIVIDUAL DIFFERENCES AND PROGRESS, TEACHERS CAN PERSONALIZE INSTRUCTION, WHICH IMPROVES OUTCOME. MIGHTY DOODLE WAS IMPLEMENTED IN FOUR SCHOOLS AND ONE SUMMER SCHOOL LOCATION OVER THE YEAR.

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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 (2020)

Revenue Breakdown

Contributions & Grants $767,304

Program Service Revenue $23,403

Investment Income $24,669

Other Revenue $0

TOTAL REVENUE $815,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $548,592

Fundraising Expenses $390,428

Program Expenses $635,850

Other Expenses $557,727

TOTAL EXPENSES $1,201,012

Year-over-Year Comparison

	2020	2019	Change
Revenue	$815,376	$1,131,534	-0.3%
Expenses	$1,201,012	$1,207,597	0.0%
Net Income	$-385,636	$-76,063	+4.1%

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

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
DEB MALLIN	FOUNDER, CO-CHAIR AND CEO	20.00	Officer Director	$0	$0	$0
BRUCE LANGER	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
JOHN THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
SONIA UNGERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOY BAER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WANNAGER	BOARD MEMBER	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
2021	$815,376	$1,201,012	No data	$-385,636
2020	$1,131,534	$1,207,597	$659,234	$-76,063
2019	$1,282,696	$1,046,412	$514,589	$236,284