INTERNATIONAL LITERACY ASSOCIATION MISSISSIPPI LITERACY ASSOCIATION

EIN: 824736789 501(c)(3) Education

CLARKSDALE, MS

Total Revenue
$262,220
Total Expenses
$240,124
Total Assets
$297,073
Net Assets
$297,073
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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

Phone
6625075658
Tax Period
2023-07-01 to 2024-06-30

INTERNATIONAL LITERACY ASSOCIATION MISSISSIPPI LITERACY ASSOCIATION is a small nonprofit in the Education sector that reported $262K in total revenue in fiscal year 2023. Expenses of $240K left a modest 8% surplus.

Mission

OUR MISSION IS TO EMPOWER, ENCOURAGE, AND INSPIRE THE PEOPLE OF MISSISSIPPI WITH RESOURCES, SERVICES AND OUTREACH TO ADVOCATE FOR ACCESSIBLE LITERACY FOR ALL.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $262,220
Investment Income $0
Other Revenue $0
TOTAL REVENUE $262,220

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $237,193
Other Expenses $240,124
TOTAL EXPENSES $240,124

Year-over-Year Comparison

2023 2022 Change
Revenue $262,220 N/A N/A
Expenses $240,124 N/A N/A
Net Income $22,096 N/A N/A
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MISTY PITT Secretary 1.00
Director
$0 $0 $0
ELIZABETH BESS President 1.00
Director
$0 $0 $0
BRENDA BROWN Treasurer 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
2024 $262,220 $240,124 $297,073 $22,096
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