LITERACY VOLUNTEERS OF RENSSELAER … - 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

1981

Legal Domicile

Principal Officer

JACK MAHONEY

Phone

5182444650

Tax Period

2023-07-01 to 2024-06-30

LITERACY VOLUNTEERS OF RENSSELAER COUNTY, founded in 1981, is a small nonprofit in the Education sector that reported $328K in total revenue in fiscal year 2023. Expenses of $311K left a modest 5% surplus.

Mission

WE TEACH PEOPLE TO READ, WRITE AND SPEAK ENGLISH. WE EMPOWER OUR STUDENTS TO BE ADVOCATES FOR THEMSELVES AND WE EDUCATE THE LARGER COMMUNITY ABOUT LITERACY ISSUES.

Program Service Accomplishments

Program 1

Expenses: $278,243

TO PROVIDE TUTORING IN READING, WRITING, AND ENGLISH LANGUAGE TO INDIVIDUALS AND SMALL GROUPS FOR APPROXIMATELY 2 HOURS PER WEEK PER STUDENT. OTHER SERVICES INCLUDE 4 TO 6 HOURS PER WEEK OF ESOL...

TO PROVIDE TUTORING IN READING, WRITING, AND ENGLISH LANGUAGE TO INDIVIDUALS AND SMALL GROUPS FOR APPROXIMATELY 2 HOURS PER WEEK PER STUDENT. OTHER SERVICES INCLUDE 4 TO 6 HOURS PER WEEK OF ESOL INSTRUCTION; 300 HOURS OF INSTRUCTION IN ENGLISH LITERACY CIVICS; 300 HOURS IN ELS, SEWING AND WORKPLACE SKILLS; 100 HOURS OF INSTRUCTION IN ELS AND WORKPLACE LITERACY SKILLS AT WORK SITES; 30 MINUTE SESSIONS OF VOLUNTEERS WITH CHILDREN ARE PERFORMED EACH WEEK. MENTORS FROM BUSINESS MEET WEEKLY WITH ELEMENTARY SCHOOL CHILDREN AS POSITIVE READING ROLE MODELS. VOLUNTEERS ASSIST ENGLISH LANGUAGE LEARNING STUDENTS VIA PHONE FOR 30 MINUTE SESSIONS WEEKLY.

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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 $288,717

Program Service Revenue $0

Investment Income $447

Other Revenue $39,056

TOTAL REVENUE $328,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,911

Fundraising Expenses $19,880

Program Expenses $278,243

Other Expenses $137,465

TOTAL EXPENSES $311,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$328,220	$304,303	+0.1%
Expenses	$311,376	$323,199	0.0%
Net Income	$16,844	$-18,896	-1.9%

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

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

197

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANA ADOMA	DIRECTOR	1.00	Director	$0	$0	$0
MARIE ALLEN CAMPBELL	TREASURER	3.00	Officer Director	$0	$0	$0
LAURA FOSS	SECRETARY	1.00	Officer Director	$0	$0	$0
MEGHAN KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JACK MAHONEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
EMILY MERCURIO	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN D'OELSNITZ	VICE PRESIDE	2.00	Officer Director	$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
2024	$328,220	$311,376	$197,524	$16,844
2023	$304,303	$323,199	$188,816	$-18,896
2022	$342,194	$303,985	$206,691	$38,209
2021	$334,823	$263,988	$158,935	$70,835
2020	$213,932	$271,666	$126,817	$-57,734
2019	$283,138	$282,049	$136,173	$1,089

LITERACY VOLUNTEERS OF RENSSELAER COUNTY