LITERACY ACADEMY COLLECTIVE INC

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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

2021

Legal Domicile

Principal Officer

RUTH GENN

Phone

7189308474

Tax Period

2024-07-01 to 2025-06-30

LITERACY ACADEMY COLLECTIVE INC, founded in 2021, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 173% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 44% operating margin.

Mission

OUR MISSION IS TO BUILD AND SUPPORT A NETWORK OF NYCPS SCHOOLS TO ALLOW STRUGGLING READERS ACHIEVE ACADEMIC SUCCESS BY BRINGING CULTURALLY RELEVANT, STRUCTURED LITERACY TO STUDENTS AT THE INTERSECTION OF RACE, POVERTY, AND DISABILITY.

Program Service Accomplishments

Program 1

Expenses: $1,847,094 Revenue: $25,000

LITERACY ACADEMY COLLECTIVE BUILDS AND SUPPORTS A NETWORK OF NYC PUBLIC SCHOOLS TO HELP STRUGGLING READERS, INCLUDING THOSE WITH DYSLEXIA AND LANGUAGE-BASED LEARNING DISABILITIES, ACHIEVE ACADEMIC...

LITERACY ACADEMY COLLECTIVE BUILDS AND SUPPORTS A NETWORK OF NYC PUBLIC SCHOOLS TO HELP STRUGGLING READERS, INCLUDING THOSE WITH DYSLEXIA AND LANGUAGE-BASED LEARNING DISABILITIES, ACHIEVE ACADEMIC SUCCESS.

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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 $3,853,255

Program Service Revenue $25,000

Investment Income $178

Other Revenue $0

TOTAL REVENUE $3,878,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,172,257

Fundraising Expenses $102,416

Program Expenses $1,847,094

Other Expenses $992,699

TOTAL EXPENSES $2,164,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,878,433	$1,419,610	+1.7%
Expenses	$2,164,956	$539,972	+3.0%
Net Income	$1,713,477	$879,638	+0.9%

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

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

$237,300

Total Directors

$123,787

Key Employees

$159,742

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNINE KIELY	CHAIR	1.00	Officer Director	$0	$0	$0
ANDY RAFAL	TREASURER	1.00	Officer Director	$0	$0	$0
INGRID BATEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MEISHA PORTER	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
RUTH GENN	EXECUTIVE DIRECTOR	40.00	Officer Director	$120,017	$3,770	$123,787
EMILY HELLSTORM	DIRECTOR OF STRATEGY & EXTERNAL AFFAIRS	40.00	Officer	$110,000	$3,513	$113,513
ILIA EDWARDS	DIRECTOR OF INSTRUCTIONAL PROGRAMS	40.00	Key Emp	$155,000	$4,742	$159,742
NAOMI PENA	DIRECTOR OF COMMUNITY ENGAGEMENT	40.00	Highest	$110,750	$3,509	$114,259

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	$3,878,433	$2,164,956	$2,675,115	$1,713,477
2024	$1,419,610	$539,972	$954,455	$879,638