LOS ANGELES REVIEW OF BOOKS

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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

2013

Legal Domicile

Principal Officer

ALBERT LITEWKA

Phone

3239523950

Tax Period

2024-07-01 to 2025-06-30

LOS ANGELES REVIEW OF BOOKS, founded in 2013, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $181K, a strong 15% operating margin.

Mission

TO PROMOTE WRITING, READING, CRITICISM AND INTELLECTUAL DISCUSSION, TEACHING AND LEARNING.

Program Service Accomplishments

Program 1

Expenses: $295,402

WEBSITE PROGRAM - A MULTI-DIMENSIONAL INTERACTIVE WEBSITE CONTAINING BOOK REVIEWS, ESSAYS, ART, PODCASTS, AND SHORT FILMS OF LITERARY AND CULTURAL INTEREST.

Program 2

Expenses: $206,412 Revenue: $36,716

PRINT PUBLICATION PROGRAM - THE PRINT PUBLICATION PROGRAM INCLUDES THE LARB QUARTERLY JOURNAL, A JOURNAL OF LITERATURE, ART, AND CRITICISM, FEATURING IMPORTANT ESTABLISHED AND EMERGING ARTISTS AND...

PRINT PUBLICATION PROGRAM - THE PRINT PUBLICATION PROGRAM INCLUDES THE LARB QUARTERLY JOURNAL, A JOURNAL OF LITERATURE, ART, AND CRITICISM, FEATURING IMPORTANT ESTABLISHED AND EMERGING ARTISTS AND WRITERS, AND LARB: THE MAGAZINE, A TABLOID FEATURING MATERIAL FROM THE WEBSITE AND SOME ORIGINAL POETRY, FICTION, AND FEATURES, EACH IS PUBLISHED 4 TIMES A YEAR.

Program 3

Expenses: $237,077 Revenue: $223,541

LARB PUBLISHING WORKSHOP - THE LOS ANGELES REVIEW OF BOOKS PUBLISHING WORKSHOP IS AN IMMERSIVE, COLLABORATIVE PUBLISHING PROGRAM DESIGNED TO EQUIP STUDENTS AND INNOVATORS WITH SKILLS IN BOTH DIGITAL AND PRINT PUBLISHING, LEADING TO CAREERS IN AND CONTRIBUTIONS TO THE FIELDS OF EDITING AND PUBLISHING IN TODAY'S WORLD.

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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 $792,573

Program Service Revenue $265,544

Investment Income $22,240

Other Revenue $96,283

TOTAL REVENUE $1,176,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $634,442

Fundraising Expenses $76,183

Program Expenses $827,832

Other Expenses $360,822

TOTAL EXPENSES $995,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,176,640	$1,031,214	+0.1%
Expenses	$995,264	$1,133,041	-0.1%
Net Income	$181,376	$-101,827	-2.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT LITEWKA	CHAIRMAN & CHIEF EXECUTIVE	5.00	Officer Director	$0	$0	$0
TOM LUTZ	PRESIDENT	5.00	Officer Director	$0	$0	$0
JAMIE WOLF	EXECUTIVE VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BILL BENENSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ERIC LAX	TREASURER	2.00	Officer Director	$0	$0	$0
TAMERLIN GODLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
LEO BRAUDY	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
JON WIENER	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN MORSE	BOARD MEMBER	2.00	Director	$0	$0	$0
REZA ASLAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT GALSOR	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNE GERMANACOS	BOARD MEMBER	2.00	Director	$0	$0	$0
LYNNE THOMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE LAVINE	BOARD MEMBER	2.00	Director	$0	$0	$0
MATTHEW WEINER	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA VORON	BOARD MEMBER	2.00	Director	$0	$0	$0
JODY D ARMOUR	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN FRIEDMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN KLEIN	BOARD MEMBER	2.00	Director	$0	$0	$0
VEENA SUD	BOARD MEMBER	2.00	Director	$0	$0	$0
BRETT GOLDBLATT	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN CURRAN	BOARD MEMBER	2.00	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	$1,176,640	$995,264	$1,233,978	$181,376
2024	$1,031,214	$1,133,041	$1,046,747	$-101,827
2023	$976,597	$1,051,521	$1,133,775	$-74,924
2022	$1,163,174	$878,017	$1,220,943	$285,157
2021	$1,141,751	$861,097	$1,034,494	$280,654
2020	$908,884	$863,060	$759,675	$45,824
2019	$1,036,872	$1,076,873	$707,500	$-40,001
2018	$1,014,644	$902,777	$726,594	$111,867