LITERACY FOR LIFE ORGANIZATION (EIN 953807037) - 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

1982

Principal Officer

BERNADETTE BERNARDI

Phone

8055414219

Tax Period

2023-07-01 to 2024-06-30

LITERACY FOR LIFE ORGANIZATION, founded in 1982, is a micro nonprofit that reported $24K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $243K exceeded revenue, resulting in a 910% operating deficit.

Mission

THE LITERACY FOR LIFE ORGANIZATION TRANSFORMS THE COMMUNITY, EMPOWERING INDIVIDUALS BY REMOVING BARRIERS TO SUCCESS AND STRENGTHENING RELATIONSHIPS THROUGH THE POWER OF LITERACY. 1. REACH OUT TO ALL ADULTS NEEDING READING, WRITING, SPEAKING, LISTENING, AND COMPUTING SKILLS. 2. RECRUIT AND TRAIN VOLUNTEER TUTORS TO DELIVER FREE QUALITY INSTRUCTION TO MEET THE LITERACY NEEDS OF ADULT LEARNERS. 3. ENLISTING THE SUPPORT OF THE COUNTY'S 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 $20,506

Program Service Revenue $0

Investment Income $3,513

Other Revenue $0

TOTAL REVENUE $24,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,665

Fundraising Expenses $0

Program Expenses $51,869

Other Expenses $109,003

TOTAL EXPENSES $242,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,019	$454,241	-0.9%
Expenses	$242,668	$236,539	+0.0%
Net Income	$-218,649	$217,702	-2.0%

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

N/A

Employees

Volunteers

N/A

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

$88,545

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNADETTE BERNARDI	CEO	5.00	Officer	$88,545	$0	$88,545
WILLIAM A HERRERAS	CHAIRMAN	0.50	Officer	$0	$0	$0
ERICA DEPEDRO	DIRECTOR	0.50	Director	$0	$0	$0
LYNDA SHIRAR	SECRETARY	0.50	Officer	$0	$0	$0
CHRISTIAN DATU'	TREASURER	0.50	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	$24,019	$242,668	$252,315	$-218,649
2023	$454,241	$236,539	$471,522	$217,702
2022	$192,252	$141,656	$253,499	$50,596
2021	$229,225	$152,841	$224,459	$76,384

LITERACY FOR LIFE ORGANIZATION