LITERACY FOR KIDS INC (EIN 832845524) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

JAYNE ROSEVALLEE

Phone

7342930055

Tax Period

2023-01-01 to 2023-12-31

LITERACY FOR KIDS INC, founded in 2019, is a small nonprofit in the Education sector that reported $111K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $160K exceeded revenue, resulting in a 44% operating deficit.

Mission

THE MISSION OF THE LITERACY FOR KIDS, INC., A NON-PROFIT CORPORATION, IS TO PROMOTE LITERACY, SUPPORT EDUCATION, ADVOCATE EMPATHY, AND ENCOURAGE SELF- ACCEPTANCE FOR ALL CHILDREN. WE ENRICH EDUCATION BY VISITING AND READING TO ELEMENTARY SCHOOLS, SPONSORING READING AND WRITING PROGRAMS, AND EXPANDING COMMUNITY AWARENESS IN SCHOOLS. OUR FUNDRAISING SUPPORTS READING AND WRITING PROGRAMS, EDUCATIONAL SEMINARS, AND RESOURCES FOR SCHOOL LIBRARIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $110,690

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $110,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,252

Fundraising Expenses $0

Program Expenses $139,495

Other Expenses $89,476

TOTAL EXPENSES $159,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,690	$82,225	+0.3%
Expenses	$159,728	$132,535	+0.2%
Net Income	$-49,038	$-50,310	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
HEATHER MERTZ	TREASURER	N/A	Officer Director	$0	$0	$0
JULEE MERTZ	SECRETARY	N/A	Officer Director	$0	$0	$0
JAYNE ROSEVALLEE	PRESIDENT	N/A	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
2023	$110,690	$159,728	$91,787	$-49,038
2023	$143,306	$159,728	$132,524	$-16,422
2022	$82,225	$132,535	$140,825	$-50,310
2021	$215,839	$100,314	$191,135	$115,525

LITERACY FOR KIDS INC