Bangor, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Literacy Volunteers of Bangor is a small nonprofit in the Education sector that reported $257K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $220K left a modest 14% surplus.
Literacy Volunteers of Bangor (LVB) helps Bangor area adults who want to work on basic English skills or to learn English as another language. Since 1969, we have helped change the lives of adults, one at a time. During July 1, 2023 - June 30, 2024, LVB orchestrated the efforts of 173 volunteers (most of whom are tutors) who gave more than 10,000 hours of service. These efforts helped 168 adults attain the following goals: get a job/better job (27), enter education/training (16), improve employability skills (58), greater community involvement (29) and/or other personal goals (101).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $257,318 | $280,275 | -0.1% |
| Expenses | $220,062 | $193,385 | +0.1% |
| Net Income | $37,256 | $86,890 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| May Marin Taylor | Executive Director | 30.00 |
|
$54,836 | $0 | $54,836 |
| Brian Folster | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Casey Escobar | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Sally Dobres | Vice President | 1.50 |
Director
|
$0 | $0 | $0 |
| Shelby Hartin | Director | 1.50 |
Director
|
$0 | $0 | $0 |
| Janet Speranza-Moran | Director | 1.50 |
Director
|
$0 | $0 | $0 |
| Denise Gallop | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Leslie Sturzenberg | Director | 4.50 |
Director
|
$0 | $0 | $0 |
| Rachel Grivois | Treasurer | 1.00 |
Director
|
$0 | $0 | $0 |
| Carolina Rave | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Denise Allen | President | 3.00 |
Officer
|
$0 | $0 | $0 |
| Donna Keirstead | Director | 1.50 |
Officer
|
$0 | $0 | $0 |
| Gianna Marrs | Vice President | 6.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $257,318 | $220,062 | $614,518 | $37,256 |
| 2024 | $280,275 | $193,385 | $539,912 | $86,890 |
| 2022 | $208,162 | $169,458 | $382,574 | $38,704 |
| 2020 | $213,994 | $160,601 | $279,445 | $53,393 |
| 2020 | $223,994 | $160,601 | $289,445 | $63,393 |
Compare Literacy Volunteers of Bangor with other nonprofits in Maine and across the country.