Literacy Network of South Berkshir… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

Merle Duskin Kailas

Phone

4132430471

Tax Period

2024-01-01 to 2024-12-31

Literacy Network of South Berkshire Inc, founded in 1994, is a small nonprofit in the Education sector that reported $420K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

TO TRANSFORM THE LIVES OF ADULT LEARNERS THROUGH THE POWER OF LITERACY EDUCATION AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $298,418 Revenue: $0

THE LITERACY NETWORK LITNET HAS BEEN PROVIDING FREE ONE-ON-ONE TUTORING SESSIONS FOR ADULTS SINCE 1991. OUR CURRICULUM OFFERS ENGLISH FOR SPEAKERS OF OTHER LANGUAGES ESOL CITIZENSHIP TEST PREPARATION HISET TEST PREPARATION ADULT BASIC EDUCATION AND FIRST-GENERATION COLLEGE SUPPORT TO BETTER SERVE THE LARGE POPULATION OF IMMIGRANTS WHO LIVE AND WORK IN BERKSHIRE COUNTY. BY PROVIDING FUNDAMENTAL EDUCATIONAL SUPPORT LITNET STRIVES TO GIVE OUR LEARNERS THE TOOLS THEY NEED TO SUCCEED IN THEIR JOBS SUPPORT THEIR FAMILIES PURSUE OR FINISH THEIR EDUCATION AND ENGAGE WITH THEIR LOCAL COMMUNITIES. IN 2024 LITNET SERVED A TOTAL OF 324 LEARNERS IN ITS ONE-ON-ONE TUTORING PROGRAMS 142 COMMUNITY MEMBERS IN ITS FIRST-GEN WORKSHOPS AND 24 COMMUNITY MEMBERS IN ITS INAUGURAL CAREER EXPO FOR THE IMMIGRANT COMMUNITY. TUTORS REPORTED MORE THAN 150 SPECIFIC INCIDENTS THAT SHOWED EVIDENCE OF LEARNER PROGRESS IN ENGLISH SPEAKING COMPREHENSION READING OR WRITING. SEVEN LITNET LEARNERS BECAME AMERICAN CITIZENS AND 45 GOT NEW JOBS WERE PROMOTED OR OTHERWISE ADVANCED IN THEIR CAREERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $334,190

Program Service Revenue $0

Investment Income $32,051

Other Revenue $53,351

TOTAL REVENUE $419,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,911

Fundraising Expenses $17,314

Program Expenses $298,418

Other Expenses $127,452

TOTAL EXPENSES $412,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$419,592	$296,079	+0.4%
Expenses	$412,363	$367,603	+0.1%
Net Income	$7,229	$-71,524	-1.1%

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

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

$100,534

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEIGH DOHERTY	EXECUTIVE DIRECTOR	40.00	Officer	$97,751	$2,783	$100,534
MERLE DUSKIN KAILAS	PRESIDENT	8.00	Officer Director	$0	$0	$0
JOHN REYNOLDS	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
CAMILO MANRIQUE	TREASURER	8.00	Officer Director	$0	$0	$0
LESLIE MURRAY	CLERK	8.00	Officer Director	$0	$0	$0
SANDRA RODRIGUEZ APONTE	DIRECTOR	5.00	Director	$0	$0	$0
PAMELA BRESLIN	DIRECTOR	5.00	Director	$0	$0	$0
LYNN CAMPANA	DIRECTOR	5.00	Director	$0	$0	$0
CATHERYN CHACON	DIRECTOR	5.00	Director	$0	$0	$0
LORENA DUS	DIRECTOR	5.00	Director	$0	$0	$0
ERIC FEDERER	DIRECTOR	5.00	Director	$0	$0	$0
MATT FREITAG	DIRECTOR	5.00	Director	$0	$0	$0
HUGO FARIA	DIRECTOR	5.00	Director	$0	$0	$0
LESLIE KOZUPSKY	DIRECTOR	5.00	Director	$0	$0	$0
DONNA MORELLI	DIRECTOR	5.00	Director	$0	$0	$0
LENORE SUNDBERG	DIRECTOR	5.00	Director	$0	$0	$0
JANICE TORAN	DIRECTOR	5.00	Director	$0	$0	$0
JOHN TOOLE	DIRECTOR	5.00	Director	$0	$0	$0
SARAH BOYD	DIRECTOR	5.00	Director	$0	$0	$0
LISA CAVENDER	DIRECTOR	5.00	Director	$0	$0	$0
JANE LEHMAN	DIRECTOR	5.00	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
2024	$419,592	$412,363	$646,870	$7,229
2023	$296,079	$367,603	$618,471	$-71,524
2022	$285,125	$346,207	$650,200	$-61,082
2021	$282,676	$218,507	$757,130	$64,169
2020	$194,307	$130,471	$622,587	$63,836
2019	$216,562	$188,901	$530,961	$27,661
2018	$274,170	$191,405	$466,682	$82,765

Literacy Network of South Berkshire Inc