LITERACY VOLUNTEERS OF GREATER WATERBURY (EIN 061452659) - 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

1974

Legal Domicile

Principal Officer

Mandy Allen

Phone

2037541164

Tax Period

2022-07-01 to 2023-06-30

LITERACY VOLUNTEERS OF GREATER WATERBURY, founded in 1974, is a small nonprofit in the Education sector that reported $315K in total revenue in fiscal year 2022. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $131K, a strong 42% operating margin.

Mission

Literacy Volunteers of Greater Waterbury, Inc. provides community based education programs

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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 (2022)

Revenue Breakdown

Contributions & Grants $313,039

Program Service Revenue $0

Investment Income $1,710

Other Revenue $171

TOTAL REVENUE $314,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,937

Fundraising Expenses $20,638

Program Expenses $136,659

Other Expenses $45,099

TOTAL EXPENSES $184,036

Year-over-Year Comparison

	2022	2021	Change
Revenue	$314,920	$177,681	+0.8%
Expenses	$184,036	$147,176	+0.3%
Net Income	$130,884	$30,505	+3.3%

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

$90,569

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Reho	Executive Director	35	Officer	$80,499	$10,070	$90,569
Mandy Allen	Treasurer	5	Officer Director	$0	$0	$0
David Pelletier	President	2	Officer Director	$0	$0	$0
Julie Pesce	Secretary	1	Officer Director	$0	$0	$0
Pamela Baim	Director	1	Director	$0	$0	$0
Steve Dohoney	Director	1	Director	$0	$0	$0
John Ditoto	Director	1	Director	$0	$0	$0
Ashleigh Cocuzzi	Vice President	1	Officer Director	$0	$0	$0
Carolyn Finch	Director	1	Director	$0	$0	$0
Mary Ann Marold	Director	1	Director	$0	$0	$0
Dawn Martinelli	Director	1	Director	$0	$0	$0
Craig Porter	Director	1	Director	$0	$0	$0
Alex Rafoes	Director	1	Director	$0	$0	$0
Justin Golden	Director	1	Director	$0	$0	$0
Raechel Guest	Director	1	Director	$0	$0	$0
Stephanie Upadhyay	Director	1	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	No data	No data	No data	No data
2023	$314,920	$184,036	$375,564	$130,884
2022	$177,681	$147,176	$237,307	$30,505
2021	$204,672	$142,844	$203,832	$61,828
2020	$166,363	$185,032	$160,509	$-18,669
2019	$165,070	$192,979	$168,606	$-27,909
2018	$226,492	$214,989	$202,215	$11,503

LITERACY VOLUNTEERS OF GREATER WATERBURY