LITERACY VOLUNTEERS ASSOCIATION CA… - 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

2004

Legal Domicile

Principal Officer

ELIZABETH GLOEGGLER

Phone

7329065456

Tax Period

2018-07-01 to 2019-06-30

LITERACY VOLUNTEERS ASSOCIATION CAPE-ATL, founded in 2004, is a micro nonprofit that reported $9K in total revenue in fiscal year 2018. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $45K exceeded revenue, resulting in a 416% operating deficit.

Mission

LITERACY VOLUNTEERS ASSOCIATION CAPE-ATLANTIC HELPS INDIVIDUALS IN ATLANTIC AND CAPE MAY COUNTIES IMPROVE THEIR EGNLISH LANGUAGE SKILLS SO THEY CAN PARTICIPATE MORE FULLY IN FAMILY, WORKPLACE AND COMMUNITY LIFE

Program Service Accomplishments

Program 1

Expenses: $34,478

IN ATLANTIC AND CAPE MAY COUNTIES, APPROXIMATELY 50,000 PEOPLE READ BELOW A SIXTH GRADE LEVEL. LVA RECRUITS, TRAINS AND SUPPORTS VOLUNTEER TUTORS TO PROVIDE INDIVIDUALIZED INSTRUCTION TO ADULTS...

IN ATLANTIC AND CAPE MAY COUNTIES, APPROXIMATELY 50,000 PEOPLE READ BELOW A SIXTH GRADE LEVEL. LVA RECRUITS, TRAINS AND SUPPORTS VOLUNTEER TUTORS TO PROVIDE INDIVIDUALIZED INSTRUCTION TO ADULTS FUNCTIONING AT THE LOWEST LITERACY LEVELS. STUDENTS ARE ASSESSED AND MATCHED WITHTUTORS WHO MEET WITH THEM IN PUBLIC PLACES SUCH AS LIBRARIES AND CHURCHES. STUDENTS SET THEIR OWN LITERACY GOALS SUCH AS GAINING EMPLOYMENT, PREPARING FOR THE US CITIZENSHIP TEST, OBTAINING A DRIVER'S LICENSE OR PREPARING FOR GED INSTRUCTION. TUTORS PREPARE LESSON PLANS DIRECTED TOWARD HELPING STUDENTS ACHIEVE THEIR GOALS

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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 (2018)

Revenue Breakdown

Contributions & Grants $8,780

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $8,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,176

Fundraising Expenses $1,647

Program Expenses $34,478

Other Expenses $21,163

TOTAL EXPENSES $45,339

Year-over-Year Comparison

	2018	2017	Change
Revenue	$8,783	$108,203	-0.9%
Expenses	$45,339	$128,187	-0.6%
Net Income	$-36,556	$-19,984	+0.8%

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

$6,059

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE VESEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
HAK KIM	TREASURER	2.00	Officer Director	$0	$0	$0
GIULIETTA CONSALVO	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM A CRADIE	DIRECTOR	1.00	Director	$0	$0	$0
ROSEANN KOBIALKA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GREG SEHER	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT FATZINGER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM HONAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHANNA R JOHNSON EDD	DIRECTOR	1.00	Director	$0	$0	$0
KAREN HAHAR	DIRECTOR	1.00	Director	$0	$0	$0
RUMMY PANDIT	DIRECTOR	1.00	Director	$0	$0	$0
KRIS WORREL	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA GRITES	EXECUTIVE DIRECTOR	10.00	Officer	$6,059	$0	$6,059

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
2019	$8,783	$45,339	$67,615	$-36,556
2019	$5,212	$6,634	No data	$-1,422
2018	$108,203	$128,187	$104,171	$-19,984

LITERACY VOLUNTEERS ASSOCIATION CAPE-ATL