LITERACY VOLUNTEERS OF GREATER WORCESTER INC (EIN 042914294) - 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

1973

Legal Domicile

Principal Officer

VITTORIA BUERSCHAPER

Phone

5087548056

Tax Period

2023-07-01 to 2024-06-30

LITERACY VOLUNTEERS OF GREATER WORCESTER INC, founded in 1973, is a small nonprofit that reported $235K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE SOCIAL AND ECONOMIC EMPOWERMENT THROUGH CULTURALLY COMPASSIONATE ENGLISH LANGUAGE EDUCATION.

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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 $232,399

Program Service Revenue $0

Investment Income $2,383

Other Revenue $0

TOTAL REVENUE $234,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,073

Fundraising Expenses $26,794

Program Expenses $147,978

Other Expenses $49,332

TOTAL EXPENSES $237,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$234,782	$191,183	+0.2%
Expenses	$237,405	$181,836	+0.3%
Net Income	$-2,623	$9,347	-1.3%

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

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
VITTORIA BUERSCHAPER	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK CALLAHAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC COLLIER	CLERK	1.00	Director	$0	$0	$0
MITCHELL GAUMOND	DIRECTOR	1.00	Director	$0	$0	$0
ILKA KOSTKA	DIRECTOR	1.00	Director	$0	$0	$0
LAILA MHIRIG	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY MILLER	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL MILLS	DIRECTOR	1.00	Director	$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	$234,782	$237,405	$177,818	$-2,623
2023	$191,183	$181,836	$180,440	$9,347
2022	$209,440	$182,867	$171,098	$26,573
2021	$246,907	$191,502	$144,525	$55,405
2020	$171,084	$173,454	$116,220	$-2,370
2019	$189,784	$199,242	$91,490	$-9,458

LITERACY VOLUNTEERS OF GREATER WORCESTER INC