LITERACY VOLUNTEERS OF MONMOUTH COUNTY

EIN: 223177670 501(c)(3)

EDISON, NJ

Total Revenue
$143,895
Total Expenses
$149,674
Total Assets
$97,398
Net Assets
$96,469
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NJ
Principal Officer
ELIZABETH GLOEGGLER
Phone
7329065456
Tax Period
2018-07-01 to 2019-06-30

LITERACY VOLUNTEERS OF MONMOUTH COUNTY, founded in 1973, is a small nonprofit that reported $144K in total revenue in fiscal year 2018.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE AND FOSTER INCREASED LITERACY IN MONMOUTH COUNTY, NJ, PRIMARILY THROUGH VOLUNTEER TEACHING OF AND AID TO THE ILLITERATE, SEMI-LITERATE ADULTS, AND THOSE FOR WHOM ENGLISH IS NOT THEIR NATIVE LANGUAGE.

Program Service Accomplishments

Program 1
Expenses: $125,458 Revenue: $2,470

FREE TUTORING PROVIDED BY TRAINED VOLUNTEER TUTORS IN ORDER TO HELP ADULT STUDENTS IMPROVE THEIR ENGLISH LITERACY SKILLS IN READING, WRITING, AND CONVERSATIONAL ENGLISH. WE INITIATED A FAMILY...

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FREE TUTORING PROVIDED BY TRAINED VOLUNTEER TUTORS IN ORDER TO HELP ADULT STUDENTS IMPROVE THEIR ENGLISH LITERACY SKILLS IN READING, WRITING, AND CONVERSATIONAL ENGLISH. WE INITIATED A FAMILY LITERACY PROGRAM TO DEAL WITH THE ENGLISH LITERACY NEEDS OF PARENTS OF PRE-SCHOOL AND ELEMENTARY SCHOOL CHILDREN.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $106,416
Program Service Revenue $2,470
Investment Income $41
Other Revenue $34,968
TOTAL REVENUE $143,895

Expense Breakdown

Grants Paid $0
Salaries & Benefits $125,083
Fundraising Expenses $850
Program Expenses $125,458
Other Expenses $24,591
TOTAL EXPENSES $149,674

Year-over-Year Comparison

2018 2017 Change
Revenue $143,895 $134,315 +0.1%
Expenses $149,674 $137,365 +0.1%
Net Income $-5,779 $-3,050 +0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
3
Volunteers
195

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
5
$69,578
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLE ROCHE BOARD MEMBER 0.50
Director
$0 $0 $0
SHUBHA MURTI BOARD MEMBER/WEBMASTER 2.00
Director
$0 $0 $0
MANNY ALVAREZ VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TED NAPPI TREASURER 1.00
Officer Director
$0 $0 $0
CHRIS VICERE PRESIDENT 2.00
Officer Director
$0 $0 $0
THOMAS WHITE SECRETARY 1.00
Officer Director
$0 $0 $0
REBECCA B LUCAS EXECUTIVE DIRECTOR 30.00
Officer
$69,578 $0 $69,578
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 $143,895 $149,674 $97,398 $-5,779
2019 No data No data No data No data
2018 $134,315 $137,365 $106,439 $-3,050
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