LITERACY COUNCIL OF ALASKA (EIN 926010100) - 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

1974

Legal Domicile

Principal Officer

BRADLEY MCGINNITY

Phone

9074566212

Tax Period

2024-07-01 to 2025-06-30

LITERACY COUNCIL OF ALASKA, founded in 1974, is a small nonprofit in the Education sector that reported $897K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

OUR MISSION IS TO PROMOTE LITERACY FOR PEOPLE OF ALL AGES IN FAIRBANKS AND THE INTERIOR OF ALASKA. SIGNIFICANT ACTIVITIES INCLUDE ADULT AND SCHOOL-AGE LITERACY AS WELL AS BOOK RECYCLING.

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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 $660,812

Program Service Revenue $207,180

Investment Income $1,488

Other Revenue $27,910

TOTAL REVENUE $897,390

Expense Breakdown

Grants Paid $15,880

Salaries & Benefits $720,463

Fundraising Expenses $0

Program Expenses $719,975

Other Expenses $215,638

TOTAL EXPENSES $951,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$897,390	$1,015,134	-0.1%
Expenses	$951,981	$1,097,841	-0.1%
Net Income	$-54,591	$-82,707	-0.3%

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

$60,228

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA BAKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRADLEY MCGINNITY	TREASURER	1.00	Officer Director	$0	$0	$0
MEGAN KITTELMAN	DIRECTOR	1.00	Director	$0	$0	$0
KARALEE WATTS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
COURTNEY HAVRILEK	SECRETARY - OUTGOING	1.00	Officer Director	$0	$0	$0
MERYEM UDDEN	SECRETARY - INCOMING	1.00	Officer Director	$0	$0	$0
LUCIE MAGRATH	EXECUTIVE DIRECTOR	40.00	Officer	$60,228	$0	$60,228

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	$897,390	$951,981	$326,632	$-54,591
2024	$1,015,134	$1,097,841	$378,880	$-82,707
2023	$1,093,976	$1,113,779	$450,065	$-19,803
2022	$946,165	$947,661	$444,429	$-1,496
2021	$1,046,251	$1,032,229	$459,917	$14,022
2020	$906,920	$913,923	$439,323	$-7,003

LITERACY COUNCIL OF ALASKA