Literacy Solutions Ny Inc

Nonprofit profile at a glance

EIN
133224096
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-EZ 2009
Location
Yonkers, NY, USA
Phone
9143757964
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Adult, Continuing Education

Reported finances

Revenue
$969,807
Expenses
$968,862
Assets
$421,338
Liabilities
$139,794

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • BENITO HERRERO (PRES/CEO)

Highest reported compensation

  • BENITO HERRERO (PRES/CEO): $93,065 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Literacy solutions ny, inc. Is a not-for-profit organization dedicated to providing student-centered english literacy services for adults and acting as a resource for the advancement of literacy.

What it reported doing in 2024

Literacy solutions ny, inc. (lsny) operates english literacy programs for adult students via in-class instruction or small group tutoring. Our teachers are trained certified professionals, and our tutors are trained volunteers supported by professional faculty acting as academic coordinators. Additionally, lsny provides case management services to students who need resources, information or direction to solve various life challenges. Another area of service provided by lsny is citizenship preparation support. Our citizenship services program provides legal assistance to eligible residents seeking american citizenship in westchester and rockland counties in New York state. Lsny only offers in-person instruction and does not offer hybrid educational services. In fiscal year 2025, the organization served over 750 students who were reported to the New York state education department via the national reporting system. On average, students received 45 hours of instruction, and lsny met or exceeded all targets for student progress and achievement set by nys in the contracts held by lsny. Additionally, lsny holds the contract for the haverstraw literacy zone which provides a range of intensive case management services to students to remove barriers to instruction and employment. Referrals are given to students to help them deal with a variety of issues, i.e. Housing, food, insecurity, health issues including substance abuse, parenting issues, citizenship preparation and other referrals to help individuals with barriers to education and employment.

Operating model

Revenue model
Grant-funded. 92% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.4%; rating input score 87
  • Program expense ratio: 87.5%; rating input score 87
  • Fundraising efficiency: $73.16 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.1%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 9.6%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 5.2% per year; rating input score 100; 45th percentile among comparable filings
  • Asset growth: 8.6% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 87.4% of revenue deployed · 87.5% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $847K in reported program spending
  • Leadership: top reported pay $93K · 8 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 11 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.