FLORIDA LITERACY ASSOCIATION INC (EIN 824909645) - 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

2018

Legal Domicile

Principal Officer

LYMARIS SANTANA

Phone

9732165780

Tax Period

2022-07-01 to 2023-06-30

FLORIDA LITERACY ASSOCIATION INC, founded in 2018, is a small nonprofit in the Education sector that reported $118K in total revenue in fiscal year 2022. Revenue surged 1112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41K, a strong 35% operating margin.

Mission

PROMOTE READING ADVANCING THE QUALITY OF LITERACY INSTRUCTION AND RESEARCH. INNOVATIONS, ADVANCEMENTS RESEARCH RESULTS ARE SHARED WITH THE PUBLIC FOR THE BETTERMENT OF EDUCATION AND THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $10,139

Program Service Revenue $107,385

Investment Income $8

Other Revenue $0

TOTAL REVENUE $117,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,280

Other Expenses $76,161

TOTAL EXPENSES $76,161

Year-over-Year Comparison

	2022	2021	Change
Revenue	$117,532	$9,700	+11.1%
Expenses	$76,161	$6,135	+11.4%
Net Income	$41,371	$3,565	+10.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN SMITH	FINANCIAL CHAIR	004.00	Officer Director	$0	$0	$0
LAURIE LEE	TRUSTEE	004.00	Officer Director	$0	$0	$0
LYMARIS SANTANA	TREASURER	004.00	Officer Director	$0	$0	$0
THANIA OLLER	SECRETARY	004.00	Officer Director	$0	$0	$0
IRIS BORGHESE	DIRECTOR	004.00	Officer Director	$0	$0	$0
JENNIFER BACCHIOCHI	DIRECTOR	004.00	Officer Director	$0	$0	$0
GLADYS VEGA	DIRECTOR	004.00	Officer 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	No data	No data	No data	No data
2023	$117,532	$76,161	$178,899	$41,371
2022	$9,700	$6,135	$137,528	$3,565
2021	$10,368	$5,886	$137,528	$4,482
2020	$64,715	$69,387	$133,046	$-4,672
2019	$228,581	$88,798	$139,783	$139,783

FLORIDA LITERACY ASSOCIATION INC