LITERARY ARTS INC

EIN: 930909494 501(c)(3)

PORTLAND, OR

Total Revenue
$9,017,407
Total Expenses
$4,320,078
Total Assets
$23,673,282
Net Assets
$22,797,252
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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
1985
Legal Domicile
OR
Principal Officer
BRIAN ANDREW PROCTOR
Phone
5032272583
Tax Period
2023-06-01 to 2024-05-31

LITERARY ARTS INC, founded in 1985, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 52% operating margin.

Mission

TO ENGAGE READERS, SUPPORT WRITERS, AND INSPIRE THE NEXT GENERATION WITH GREAT LITERATURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,681,785
Program Service Revenue $1,330,349
Investment Income $111,955
Other Revenue $-106,682
TOTAL REVENUE $9,017,407

Expense Breakdown

Grants Paid $65,799
Salaries & Benefits $1,849,895
Fundraising Expenses $923,416
Program Expenses $2,518,727
Other Expenses $2,134,018
TOTAL EXPENSES $4,320,078

Year-over-Year Comparison

2023 2022 Change
Revenue $9,017,407 $7,335,872 +0.2%
Expenses $4,320,078 $4,132,923 +0.0%
Net Income $4,697,329 $3,202,949 +0.5%
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
22
Independent Members
21
Employees
21
Volunteers
442

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
6
$257,811
Total Directors
23
$241,754
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN ANDREW PROCTOR EXECUTIVE DIRECTOR 40.00
Officer Director
$226,223 $15,531 $241,754
BOB SPELTZ CHAIR 1.50
Officer Director
$0 $0 $0
AMY DONOHUE VICE CHAIR 1.50
Officer Director
$0 $0 $0
DENNIS STEINMAN TREASURER 1.50
Officer Director
$0 $0 $0
JONATHAN HILL SECRETARY 1.50
Officer Director
$0 $0 $0
JOAN CIRILLO MEMBER AT-LARGE 1.00
Director
$0 $0 $0
GINNIE COOOPER MEMBER AT-LARGE 1.00
Director
$0 $0 $0
GUSTAVO CRUZ MEMBER 1.00
Director
$0 $0 $0
LANA FINLEY MEMBER 1.00
Director
$0 $0 $0
SARAH GIBBON MEMBER 1.00
Director
$0 $0 $0
MARY E HIRSCH MEMBER 1.00
Director
$0 $0 $0
JANET HOFFMAN MEMBER 1.00
Director
$0 $0 $0
MITCHELL S JACKSON MEMBER 1.00
Director
$0 $0 $0
SUSHEELA JAYAPAL MEMBER 1.00
Director
$0 $0 $0
MAURICE KING MEMBER 1.00
Director
$0 $0 $0
ANIS MOJGANI MEMBER 1.00
Director
$0 $0 $0
CORINNE OISHI MEMBER 1.00
Director
$0 $0 $0
AMY PROSENJAK MEMBER 1.00
Director
$0 $0 $0
GEOFFREY TICHENOR MEMBER 1.00
Director
$0 $0 $0
CHABRE VICKERS MEMBER 1.00
Director
$0 $0 $0
KRISTIN WALROD MEMBER 1.00
Director
$0 $0 $0
RENEE WATSON MEMBER 1.00
Director
$0 $0 $0
MARCIA WOOD MEMBER 1.00
Director
$0 $0 $0
ALLYSON QUIRICO SENIOR DIR. OF FINANCE (START 10/23) 40.00
Officer
$15,418 $639 $16,057
LYDAH DEBIN DEPUTY DIRECTOR 40.00
Highest
$108,879 $7,274 $116,153
AMANDA BULLOCK SENIOR ARTISTIC DIRECTOR 40.00
Highest
$102,138 $8,883 $111,021
SUSAN MOORE DIR. OF PROGRAMS FOR WRITERS 40.00
Highest
$104,600 $9,570 $114,170
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 No data No data No data No data
2024 $9,017,407 $4,320,078 $23,673,282 $4,697,329
2023 $7,335,872 $4,132,923 $17,962,873 $3,202,949
2022 $11,203,520 $3,690,791 $14,485,873 $7,512,729
2021 $3,341,544 $2,529,997 $6,800,720 $811,547
2020 $3,451,632 $2,831,872 $5,626,582 $619,760
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