LITERACY VOLUNTEERS OF CENTRAL CONNECTICUT INC (EIN 222527030) - 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

1978

Legal Domicile

Principal Officer

PAULETTE LEMMA

Phone

8602297323

Tax Period

2024-07-01 to 2025-06-30

LITERACY VOLUNTEERS OF CENTRAL CONNECTICUT INC, founded in 1978, is a small nonprofit in the Education sector that reported $593K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $245K, a strong 41% operating margin.

Mission

WE PROVIDE TUTORING SERVICES THROUGH OUR TRAINED VOLUNTEERS TO ADULT STUDENTS AND FAMILIES WHO WANT TO LEARN AND USE THE ENGLISH LANGUAGE MORE EFFECTIVELY IN THEIR DAILY LIVES.

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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 $589,649

Program Service Revenue $9,996

Investment Income $1,327

Other Revenue $-7,627

TOTAL REVENUE $593,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,284

Fundraising Expenses $2,450

Program Expenses $316,338

Other Expenses $78,664

TOTAL EXPENSES $347,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$593,345	$359,595	+0.7%
Expenses	$347,948	$326,902	+0.1%
Net Income	$245,397	$32,693	+6.5%

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

110

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

$69,962

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON SHEFFER	EXECUTIVE DI	40.00	Officer	$69,962	$0	$69,962
JAD ABO-RABIA	DIRECTOR	1.00	Director	$0	$0	$0
MARGUERITE AUDREY	SECRETARY	1.00	Officer Director	$0	$0	$0
NORMAN DORVAL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JENNIFER HAMEL	DIRECTOR	1.00	Director	$0	$0	$0
JANET KIRKBY	DIRECTOR	1.00	Director	$0	$0	$0
DEB LAGANA	TREASURER	1.00	Officer Director	$0	$0	$0
SYLVIA LECKY	DIRECTOR	1.00	Director	$0	$0	$0
PAULETTE LEMMA	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHI MEDING	DIRECTOR	1.00	Director	$0	$0	$0
FRANKIE SCOTT-BYRD	DIRECTOR	1.00	Director	$0	$0	$0
RAMLA SHAIKH	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA THIBAULT	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL WATSON	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	$593,345	$347,948	$506,816	$245,397
2024	$359,595	$326,902	$262,709	$32,693
2023	$331,936	$311,349	$224,138	$20,587
2022	$308,088	$293,092	$196,321	$14,996
2021	$359,930	$277,292	$191,614	$82,638
2020	$271,457	$243,057	$127,162	$28,400

LITERACY VOLUNTEERS OF CENTRAL CONNECTICUT INC