LITERARY ARTS 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

1985

Legal Domicile

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

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

Program Service Accomplishments

Program 1

Expenses: $898,154 Revenue: $932,704

PORTLAND ARTS & LECTURES BRINGS THE WORLD'S MOST CELEBRATED WRITERS, ARTISTS, AND THINKERS TO OUR COMMUNITY. IN ADDITION TO EVENTS THAT ARE BROADCAST STATEWIDE THROUGH THE ARCHIVE PROJECT PODCAST AND OPB RADIO SHOW, THE PROGRAM CONNECTS READERS AND WRITERS OF ALL AGES WITH CLASSROOM VISITS AND WORKSHOPS.

Program 2

Expenses: $620,463 Revenue: $162,820

PORTLAND BOOK FESTIVAL BRINGS WRITERS AND READERS OF ALL AGES TOGETHER TO CELEBRATE A SHARED PASSION FOR BOOKS.

Program 3

Expenses: $500,696 Revenue: $33,201

YOUTH PROGRAMS INSPIRE OUR CITY'S YOUTH TO FIND THEIR STORIES AND PLAY AN ACTIVE ROLE IN THE BROADER COMMUNITY. WE PROVIDE OPPORTUNITIES FOR HIGH SCHOOL STUDENTS TO USE THEIR VOICE THROUGH CREATIVE WRITING, Q&AS WITH AUTHORS, STUDENT READINGS, AND SPOKEN WORD PERFORMANCE. MUCH OF OUR WORK PRIORITIZES UNDERSERVED COMMUNITIES, AND WE STRIVE TO MAKE OUR PROGRAMS AS EQUITABLE AS POSSIBLE.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$257,811

Total Directors

$241,754

Key Employees

Highest Compensated

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