LITERACY COALITION OF THE PERMIAN BASIN

EIN: 871306190 501(c)(3) Education

MIDLAND, TX

Total Revenue
$1,012,560
Total Expenses
$986,809
Total Assets
$718,720
Net Assets
$705,868
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
TX
Principal Officer
LETTICIA MARTINEZ
Phone
4326850428
Tax Period
2024-07-01 to 2025-06-30

LITERACY COALITION OF THE PERMIAN BASIN, founded in 2021, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

Sub-Grant Program - The LCPB Sub-Grant program provides targeted funding to organizations, schools, or communities to support literacy initiatives. These grants often help improve reading and writing skills among underserved populations, including children, adults, and non-native speakers. By providing financial resources, training, and educational materials, the LCPB Sub-Grant program enhances literacy development through funding for tutoring, mentorship, and family engagement. Turn the Page - LCPB partners with a local drug court to provide support in rehabilitation and reintegration efforts. Individuals navigating the legal system due to substance-related offenses often face literacy challenges that hinder their ability to secure stable employment, complete education programs, or effectively communicate. By integrating LCPBs literacy support into drug court initiatives, participants gain access to educational resources and vocational training, fostering personal growth and self-suff

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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 $992,978
Program Service Revenue $0
Investment Income $19,582
Other Revenue $0
TOTAL REVENUE $1,012,560

Expense Breakdown

Grants Paid $75,000
Salaries & Benefits $37,477
Fundraising Expenses $37,310
Program Expenses $696,829
Other Expenses $874,332
TOTAL EXPENSES $986,809

Year-over-Year Comparison

2024 2023 Change
Revenue $1,012,560 $883,300 +0.1%
Expenses $986,809 $859,989 +0.1%
Net Income $25,751 $23,311 +0.1%
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
13
Independent Members
13
Employees
N/A
Volunteers
150

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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN JEFFCOAT PAST President 1.00
Officer Director
$0 $0 $0
ADRIAN CARRASCO President 1.00
Officer Director
$0 $0 $0
DIANNE WILLIAMS Secretary 1.00
Officer Director
$0 $0 $0
LISA WYMAN Treasurer 1.00
Officer Director
$0 $0 $0
MARK PALMER Director 1.00
Director
$0 $0 $0
SHARON CANNON Director 1.00
Director
$0 $0 $0
TERESA BURNETT Director 1.00
Director
$0 $0 $0
JONI HIRES Director 1.00
Director
$0 $0 $0
RENEE EARLS Director 1.00
Director
$0 $0 $0
ALICE DUERKSEN Director 1.00
Director
$0 $0 $0
KRISTI LEEPER Director 1.00
Director
$0 $0 $0
DONNA TODD Director 1.00
Director
$0 $0 $0
MELISSA WARE Director 1.00
Director
$0 $0 $0
LETTICIA MARTINEZ Executive Dir. 40.00
Officer
$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 $1,012,560 $986,809 $718,720 $25,751
2024 No data No data No data No data
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