Literacy Volunteers of Massachusetts Inc

EIN: 237330112 501(c)(3) Human Services

Boston, MA

Total Revenue
$584,645
Total Expenses
$589,259
Total Assets
$58,683
Net Assets
$1,713
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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
1972
Legal Domicile
MA
Phone
6173671313
Tax Period
2024-07-01 to 2025-06-30

Literacy Volunteers of Massachusetts Inc, founded in 1972, is a small nonprofit in the Human Services sector that reported $585K in total revenue in fiscal year 2024.

Mission

To promote adult literacy by providing tutors.

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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 (2024)

Revenue Breakdown

Contributions & Grants $584,599
Program Service Revenue $0
Investment Income $46
Other Revenue $0
TOTAL REVENUE $584,645

Expense Breakdown

Grants Paid $0
Salaries & Benefits $153,658
Fundraising Expenses $4,037
Program Expenses $493,154
Other Expenses $435,601
TOTAL EXPENSES $589,259

Year-over-Year Comparison

2024 2023 Change
Revenue $584,645 $594,539 0.0%
Expenses $589,259 $596,466 0.0%
Net Income $-4,614 $-1,927 +1.4%
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

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Governance

Voting Members
4
Independent Members
3
Employees
2
Volunteers
91

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
1
$0
Total Directors
2
$0
Key Employees
1
$65,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Roberta Soolman Executive Director 50.00
Key Emp
$65,000 $0 $65,000
Vashti Brotherhood Director 0.50
Director
$0 $0 $0
Katherine German Director 0.50
Director
$0 $0 $0
Robert Peabody Board President 0.50
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 $584,645 $589,259 $58,683 $-4,614
2024 No data No data No data No data
2023 $543,843 $547,975 $42,093 $-4,132
2022 $523,342 $522,425 $51,829 $917
2021 $545,419 $535,050 $64,298 $10,369
2019 $496,390 $472,001 $43,151 $24,389
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