LIT ACADEMY INC (EIN 873860174) - 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

2023

Legal Domicile

Principal Officer

CONSTANCE R THOMAS

Phone

4048620995

Tax Period

2025-01-01 to 2025-12-31

LIT ACADEMY INC, founded in 2023, is a community nonprofit in the Health Care sector that reported $1.0M in total revenue in fiscal year 2025. Expenses of $983K left a modest 6% surplus.

Mission

EDUCATIONAL AND ENRICHMENT ACTIVITIES. LIT ACADEMY PROVIDES BIBLICAL EDUCATION AND INSTRUCTION. LIT ACADEMY FOSTERS A SAFE AND WARM ENVRIONMENT FOR INFANTS TODDLERS AND ELEMENTARY PERSONS. LIT ACADEMY PREFORMS EDUCATION BY MEANS OF COMMUNITY SOCIAL CULTURAL AND ECONOMIC ENRICHMENT ACTIVITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $40,265

Program Service Revenue $1,008,224

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,048,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $876,722

Fundraising Expenses $0

Program Expenses $961,594

Other Expenses $105,896

TOTAL EXPENSES $982,618

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,048,489	N/A	N/A
Expenses	$982,618	N/A	N/A
Net Income	$65,871	N/A	N/A

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

N/A

Independent Members

N/A

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

Total Directors

$78,000

Key Employees

$176,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONSTANCE R THOMAS	PROGRAM DIRECTOR	050.00	Key Emp Highest	$98,000	$0	$98,000
ANGELICA THOMAS	EXECUTIVE ASSISTANT	035.00	Director Key Emp	$40,000	$0	$40,000
ANTHONY THOMAS	PASTORAL DIRECTOR	040.00	Director Key Emp	$38,000	$0	$38,000

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	$1,048,489	$982,618	$38,442	$65,871
2024	$629,897	$604,855	$25,042	$25,042

LIT ACADEMY INC