STATE OF MARYLAND LITERACY ASSOCIATION (EIN 830926696) - 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

MONICA GILLAM

Phone

4104588907

Tax Period

2024-07-01 to 2025-06-30

STATE OF MARYLAND LITERACY ASSOCIATION, founded in 2018, is a small nonprofit in the Education sector that reported $139K in total revenue in fiscal year 2024.

Mission

TO PROVIDE SUPPORT TO EDUCATORS FOR FURTHER DEVELOPMENT OF LITERACY INITIATIVES ACROSS THE STATE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $24,676

Program Service Revenue $111,037

Investment Income $3,638

Other Revenue $0

TOTAL REVENUE $139,351

Expense Breakdown

Grants Paid $2,829

Salaries & Benefits $6,008

Fundraising Expenses $0

Program Expenses $113,078

Other Expenses $128,379

TOTAL EXPENSES $137,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,351	$133,295	+0.0%
Expenses	$137,216	$167,583	-0.2%
Net Income	$2,135	$-34,288	-1.1%

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

N/A

Volunteers

120

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

$6,008

Total Directors

$6,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY DAVIS	CONFERENCE COORDINATOR	1.00	Director	$0	$0	$0
SANDRA KEATON	CHAIR	5.00	Officer Director	$500	$0	$500
JENNIFER OSBORNE	ILA COORDINATOR	1.00	Director	$0	$0	$0
AUTUMN SMITH	MEMBERSHIP DIRECTOR	1.00	Officer Director	$0	$0	$0
MONICA GILLAM	TREASURER	10.00	Officer Director	$5,508	$0	$5,508
ALICE TICKLER	CORRESPONDING SECRETARY	1.00	Officer Director	$0	$0	$0
EMILY MADISON	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
CARRIE KEENEY	FIRST VICEVCHAIR	1.00	Officer Director	$0	$0	$0
C GRATTAN BALDWIN PHD	SECOND VICE CHAIR	1.00	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	$139,351	$137,216	$230,996	$2,135
2024	No data	No data	No data	No data
2023	$28,978	$66,161	$262,900	$-37,183
2022	$28,753	$55,701	$300,083	$-26,948
2021	$28,273	$62,251	$327,031	$-33,978
2019	$174,375	$198,025	$374,756	$-23,650

STATE OF MARYLAND LITERACY ASSOCIATION