LITERACY VOLUNTEERS OF GREATER NEW HAVEN (EIN 060968986) - 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

1972

Legal Domicile

Principal Officer

KEITH FRENCH

Phone

2037765899

Tax Period

2024-07-01 to 2025-04-16

LITERACY VOLUNTEERS OF GREATER NEW HAVEN, founded in 1972, is a small nonprofit that reported $242K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $556K exceeded revenue, resulting in a 130% operating deficit.

Mission

SERVE LITERACY DEFICIENT STUDENTS WITH VOLUNTEER TUTORS TRAINED IN WORKSHOPS PROVIDED BY TUTOR TRAINERS.

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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 $232,354

Program Service Revenue $0

Investment Income $0

Other Revenue $9,177

TOTAL REVENUE $241,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,005

Fundraising Expenses $17,513

Program Expenses $450,687

Other Expenses $320,325

TOTAL EXPENSES $556,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,531	$430,973	-0.4%
Expenses	$556,330	$497,267	+0.1%
Net Income	$-314,799	$-66,294	+3.7%

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

$96,369

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH FRENCH	PRESIDENT	6.00	Officer Director	$0	$0	$0
JO-ANN WILLIAMS	TREASURER	6.00	Officer Director	$0	$0	$0
BARBARA HEDBERG	SECRETARY	2.00	Officer Director	$0	$0	$0
CHARLENE V CLARKE-TESCHEMAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
KAI PERRY	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLENE RAUBE	BOARD MEMBER	2.00	Director	$0	$0	$0
NORMA BARASH	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL FLETCHER	BOARD MEMBER (THRU 4/25)	2.00	Director	$0	$0	$0
BONNIE MOREHEAD	BOARD MEMBER (THRU 9/24)	2.00	Director	$0	$0	$0
KIRK MORRISON	BOARD MEMBER (THRU 4/25)	2.00	Director	$0	$0	$0
ROBIN PINSKER	BOARD MEMBER (11/24 THRU 4/25)	2.00	Director	$0	$0	$0
NAOMI SHILOH	BOARD MEMBER (THRU 10/24)	2.00	Director	$0	$0	$0
KIMBERLY STOFKO	BOARD MEMBER (FROM 9/24-1/25)	2.00	Director	$0	$0	$0
SADIE WITHERSPOON	BOARD MEMBER (THRU 1/25)	2.00	Director	$0	$0	$0
LOU PERNO	EXEC DIR - (THRU 7/24)	40.00	Officer	$37,526	$0	$37,526
ERICA HOFFMAN	INTERIM EXEC DIR (FROM 7/24-3/25)	40.00	Officer	$58,843	$0	$58,843

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	$241,531	$556,330	No data	$-314,799
2024	$430,973	$497,267	$320,094	$-66,294
2023	$465,248	$492,910	$364,040	$-27,662
2022	$779,335	$465,542	$387,469	$313,793
2021	$438,896	$428,889	$125,330	$10,007
2020	$345,675	$384,658	$97,512	$-38,983
2019	$374,301	$402,960	$102,946	$-28,659

LITERACY VOLUNTEERS OF GREATER NEW HAVEN