LITERACY VOLUNTEERS OF WAYNE COUNTY INC (EIN 161343466) - 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

1979

Legal Domicile

Principal Officer

HEIDI SCHWITTEK BARNES

Phone

3158300001

Tax Period

2024-07-01 to 2025-06-30

LITERACY VOLUNTEERS OF WAYNE COUNTY INC, founded in 1979, is a small nonprofit in the Education sector that reported $368K in total revenue in fiscal year 2024. Expenses of $327K left a modest 11% surplus.

Mission

TO PROMOTE LITERACY IN WAYNE COUNTY, NY AND SURROUNDING AREAS

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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 $140,586

Program Service Revenue $225,596

Investment Income $1,562

Other Revenue $164

TOTAL REVENUE $367,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,558

Fundraising Expenses $3,278

Program Expenses $272,681

Other Expenses $66,010

TOTAL EXPENSES $326,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,908	$383,395	0.0%
Expenses	$326,568	$312,320	+0.0%
Net Income	$41,340	$71,075	-0.4%

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

$66,458

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI MALINOWSKI	PRESIDENT (UNTIL 9/24)	1.00	Officer Director	$0	$0	$0
ARLENE CRESTUK	VICE PRESIDENT (UNTIL 12/24)	0.50	Officer Director	$0	$0	$0
VIRGINIA GINNY KEENAN	SECRETARY (UNTIL 8/24)	0.50	Officer Director	$0	$0	$0
PETER BUMP	TREASURER	0.50	Officer Director	$0	$0	$0
ANDREA CRESTUK	DIRECTOR (UNTIL 10/24)	0.50	Director	$0	$0	$0
CHRISTINE MIZRO	DIRECTOR (UNTIL 1/25)	0.50	Director	$0	$0	$0
HEATHER CHAPMAN	DIRECTOR (BEGINNING 9/24)	0.50	Director	$0	$0	$0
GRETCHEN ANTHONY	DIRECTOR (BEGINNING 9/24)	0.50	Director	$0	$0	$0
CHRISTOPHER EDGAR	EXECUTIVE DIRECTOR (UNTIL 9/30/24)	40.00	Officer	$12,069	$3,389	$15,458
HEIDI SCHWITTEK BARNES	EXECUTIVE DIRECTOR (BEGIN 10/1/24)	40.00	Officer	$51,000	$0	$51,000

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	$367,908	$326,568	$456,378	$41,340
2024	$383,395	$312,320	$432,010	$71,075
2023	$334,740	$263,003	$331,804	$71,737
2022	$347,682	$256,647	$262,306	$91,035
2021	$251,903	$187,277	$198,836	$64,626
2020	$204,883	$205,759	$134,237	$-876
2019	$189,738	$200,541	$100,979	$-10,803

LITERACY VOLUNTEERS OF WAYNE COUNTY INC