REDWOOD CITY FRIENDS OF LITERACY (EIN 943133401) - 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

1997

Legal Domicile

Principal Officer

KAREN SWARTZ

Phone

6507807077

Tax Period

2023-07-01 to 2024-06-30

REDWOOD CITY FRIENDS OF LITERACY, founded in 1997, is a small nonprofit in the Education sector that reported $264K in total revenue in fiscal year 2023. The organization ran a surplus of $114K, a strong 43% operating margin.

Mission

COMMITMENT TO THE HIGH QUALITY PROJECT READ PROGRAMS IN OUR COMMUNITY.

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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 $190,141

Program Service Revenue $0

Investment Income $73,047

Other Revenue $1,089

TOTAL REVENUE $264,277

Expense Breakdown

Grants Paid $139,790

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $143,806

Other Expenses $10,921

TOTAL EXPENSES $150,711

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,277	$264,120	+0.0%
Expenses	$150,711	$181,873	-0.2%
Net Income	$113,566	$82,247	+0.4%

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

N/A

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
LANA DAHU	DIRECTOR	2.50	Director	$0	$0	$0
XITLALI CURINCITA	DIRECTOR	2.50	Director	$0	$0	$0
JENNY CASTELLO	DIRECTOR	2.50	Director	$0	$0	$0
KAREN SCHWARTZ	PRESIDENT	2.50	Officer	$0	$0	$0
RITA SABBADINNI	TREASURER	2.50	Officer	$0	$0	$0
APRIL BEDNARZ	SECRETARY	2.50	Officer	$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	No data	No data	No data	No data
2024	$264,277	$150,711	$1,428,887	$113,566
2023	$264,120	$181,873	$1,272,074	$82,247
2022	$253,500	$160,215	$1,056,232	$93,285
2021	$355,158	$275,986	$1,338,424	$79,172
2020	$342,067	$199,840	$1,022,153	$142,227
2019	$352,742	$214,767	$693,858	$137,975
2018	$276,694	$237,333	$572,614	$39,361

REDWOOD CITY FRIENDS OF LITERACY