CENTER FOR SOUND LITERACY FOUNDATIO (EIN 833374917) - 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

JOHN C KENNEDY III

Phone

6165418020

Tax Period

2024-01-01 to 2024-12-31

CENTER FOR SOUND LITERACY FOUNDATIO, founded in 2018, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $2.6M left a modest 4% surplus.

Mission

TO RECEIVE AND ADMINISTER A FUND EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS, SCIENTIFIC OR LITERARY PURPOSES AND TO PURSUE THESE PURPOSES EITHER THROUGH DIRECT OPERATIONS OR BY MAKING GRANTS AND CONTRIBUTIONS TO ORGANIZATION THAT QUALIFY AS EXEMPT ORGANIZATIONS. THE SPECIFIC PURPOSES, ACTIVITIES AND OBJECTIVES WILL BE FOCUSED PRIMARILY ON EDUCATION AND ADVANCING LITERACY, SCHOOLS AND MAKING GRANTS TO EDUCATIONAL ORGANIZATIONS.

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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 $2,691,662

Program Service Revenue $0

Investment Income $17,880

Other Revenue $775

TOTAL REVENUE $2,710,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,128,011

Fundraising Expenses $0

Program Expenses $2,321,401

Other Expenses $1,481,429

TOTAL EXPENSES $2,609,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,710,317	$5,129,465	-0.5%
Expenses	$2,609,440	$1,928,386	+0.4%
Net Income	$100,877	$3,201,079	-1.0%

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

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

$245,400

Total Directors

$245,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA O'BRIEN	SECRETARY	35.00	Officer Director	$245,400	$0	$245,400
JOHN C KENNEDY III	PRESIDENT	15.00	Officer Director	$0	$0	$0
NANCY KENNEDY	TREASURER	10.00	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
2024	$2,710,317	$2,609,440	$9,066,068	$100,877
2023	$5,129,465	$1,928,386	$6,482,716	$3,201,079
2022	$1,534,958	$791,954	$2,523,590	$743,004
2021	$1,846,785	$668,272	$1,133,784	$1,178,513
2020	$542,000	$708,539	$22,521	$-166,539
2019	$699,884	$642,410	$57,497	$57,474

CENTER FOR SOUND LITERACY FOUNDATIO