LITERACY COUNCIL OF NORRISTOWN (EIN 232480501) - 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

1987

Legal Domicile

Phone

6102928515

Tax Period

2023-07-01 to 2024-06-30

LITERACY COUNCIL OF NORRISTOWN, founded in 1987, is a small nonprofit that reported $404K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $524K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE LITERACY COUNCIL OF NORRISTOWN SUPPORTS ADULT LEARNERS TO LEARN READING, WRITING, AND MATH, AND TO PREPARE FOR THEIR GED, LEARN ENGLISH, AND BECOME CITIZENS.

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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 $366,935

Program Service Revenue $0

Investment Income $15,656

Other Revenue $21,015

TOTAL REVENUE $403,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,284

Fundraising Expenses $13,543

Program Expenses $490,388

Other Expenses $261,344

TOTAL EXPENSES $523,628

Year-over-Year Comparison

	2023	2022	Change
Revenue	$403,606	$454,397	-0.1%
Expenses	$523,628	$333,946	+0.6%
Net Income	$-120,022	$120,451	-2.0%

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

$6,000

Total Directors

$1,846

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONICA D'ANTONIO	Secretary	0.00	Officer	$6,000	$0	$6,000
ELIZA BRUMBAUGH	Executive Dir.	40.00	Director	$1,346	$0	$1,346
RASHAAD BATES	MEMBER	0.00	Director	$500	$0	$500
KEVIN MCGRATH	MEMBER	0.00	Director	$0	$0	$0
ROB SHEPPARD	MEMBER	0.00	Director	$0	$0	$0
VIJAY SAINI	MEMBER	0.00	Director	$0	$0	$0
CLIFF HIRST	President	0.00	Officer	$0	$0	$0
LAUREN WALIZER	Vice President	0.00	Officer	$0	$0	$0
SEVERINE MCQUIRNS	Treasurer	0.00	Officer	$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	No data	No data	No data	No data
2024	$403,606	$523,628	$394,009	$-120,022
2023	$454,397	$333,946	$505,034	$120,451
2022	$235,305	$194,349	$368,306	$40,956

LITERACY COUNCIL OF NORRISTOWN