LITERACY VOLUNTEERS OF SOMERSET COUNTY (EIN 222999900) - 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

1981

Legal Domicile

Principal Officer

SCOTT CURTIS

Phone

9087255430

Tax Period

2023-07-01 to 2024-06-30

LITERACY VOLUNTEERS OF SOMERSET COUNTY, founded in 1981, is a small nonprofit in the Human Services sector that reported $296K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 20% operating margin.

Mission

TO PROMOTE LITERACY THROUGHOUT THE COMMUNITY BY PROVIDING STUDENT-CENTERED TUTORING AND LITERACY PROGRAMS FOR ADULTS SO THAT THEY MAY FUNCTION 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 (2023)

Revenue Breakdown

Contributions & Grants $291,804

Program Service Revenue $0

Investment Income $3,976

Other Revenue $0

TOTAL REVENUE $295,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,373

Fundraising Expenses $6,765

Program Expenses $173,613

Other Expenses $61,832

TOTAL EXPENSES $235,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$295,780	$218,771	+0.4%
Expenses	$235,205	$178,070	+0.3%
Net Income	$60,575	$40,701	+0.5%

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

175

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

$83,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA BROWNE	VICE PRESIDENT	2.00	Director	$0	$0	$0
SCOTT CURTIS	PRESIDENT	2.00	Director	$0	$0	$0
YVONNE SELANDER	REC.SECRETARY	2.00	Director	$0	$0	$0
THO D NGO	CO-TREASURER	2.00	Director	$0	$0	$0
MARY RICCARDI	CO-TREASURER	2.00	Director	$0	$0	$0
FELICE ARMENIO	TRUSTEE	1.00	Director	$0	$0	$0
AUBREY G FLANAGAN	TRUSTEE	1.00	Director	$0	$0	$0
HECTOR A HERRERA	TRUSTEE	1.00	Director	$0	$0	$0
MARY CURTIS HOROWITZ	TRUSTEE	1.00	Director	$0	$0	$0
REV LOUIS MATTINA	TRUSTEE	1.00	Director	$0	$0	$0
SHEHAL BATRA	TRUSTEE	1.00	Director	$0	$0	$0
WALTER YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
AIMEE LAM	EXECUTIVE DIRECTOR	35.00	Officer	$83,833	$0	$83,833

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	No data	No data	No data	No data
2024	$295,780	$235,205	$283,824	$60,575
2023	$218,771	$178,070	$223,180	$40,701
2022	$163,979	$158,530	$210,873	$5,449
2021	$198,114	$144,681	$199,406	$53,433

LITERACY VOLUNTEERS OF SOMERSET COUNTY