PEAK LITERACY INC

EIN: 853896568 501(c)(3) Community Improvement

Gainesville, FL

Total Revenue
$205,439
Total Expenses
$212,986
Total Assets
$74,780
Net Assets
$63,855
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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
2020
Legal Domicile
FL
Principal Officer
Leah Galione
Phone
3522343172
Tax Period
2024-01-01 to 2024-12-31

PEAK LITERACY INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $205K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

Our mission is to prepare young readers for personal and collective success through consistent one-to-one reading instruction provided by competent and nurturing volunteers. We offer an online literacy program that pairs community volunteers with students who are behind in their literacy development. Using data-driven literacy software, students meet with tutors for 15 minutes a day for focused lessons. This helps them quickly gain fluency and catch up to their peers.

Program Service Accomplishments

Program 1
Expenses: $163,945 Revenue: $21,242

Peak Literacy, Inc operates a literacy program to serve K-12 children who are behind in their reading skills development. We recruit community volunteers to meet with kids for short, focused lessons...

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Peak Literacy, Inc operates a literacy program to serve K-12 children who are behind in their reading skills development. We recruit community volunteers to meet with kids for short, focused lessons 3-5 times per week online using evidence-based literacy software proven to rapidly increase reading fluency. We both serve children directly and also partner with afterschool programs to offer our literacy program services for agreed-upon fees. In 2024, we served more than 150 children in Alachua County and beyond.

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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 (2024)

Revenue Breakdown

Contributions & Grants $184,197
Program Service Revenue $21,242
Investment Income $0
Other Revenue $0
TOTAL REVENUE $205,439

Expense Breakdown

Grants Paid $38,400
Salaries & Benefits $96,872
Fundraising Expenses $32,869
Program Expenses $163,945
Other Expenses $77,714
TOTAL EXPENSES $212,986

Year-over-Year Comparison

2024 2023 Change
Revenue $205,439 $164,141 +0.3%
Expenses $212,986 $94,320 +1.3%
Net Income $-7,547 $69,821 -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

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Governance

Voting Members
8
Independent Members
8
Employees
4
Volunteers
85

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
3
$0
Total Directors
8
$0
Key Employees
1
$67,319
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leah Galione Executive Director 40
Key Emp Highest
$67,319 $0 $67,319
Brent Henderson President 8
Officer Director
$0 $0 $0
Giancarlo Victorero Treasurer 5
Officer Director
$0 $0 $0
Jacob Larson Board Member 1
Director
$0 $0 $0
Tom Benton Board Member 2
Director
$0 $0 $0
Vincent Hampton Board Member 2
Director
$0 $0 $0
Carjamine Scott Board Member 2
Director
$0 $0 $0
Yolanda Hagley Secretary 2
Officer Director
$0 $0 $0
Leah Do Board Member 2
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 $205,439 $212,986 $74,780 $-7,547
2023 $164,141 $94,320 $74,839 $69,821
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