THE COLUMBUS LITERACY COUNCIL

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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

1975

Legal Domicile

Principal Officer

JOY D REYES

Phone

6142827661

Tax Period

2023-01-01 to 2023-12-31

THE COLUMBUS LITERACY COUNCIL, founded in 1975, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $3.1M left a modest 5% surplus.

Mission

CLC IS A DYNAMIC AND INNOVATIVE AGENCY PROVIDING SERVICES TO INDIVIDUALS, FAMILIES AND NEIGHBORHOODS ACROSS CENTRAL OHIO. OUR MISSION IS TO INCREASE EMPLOYABILITY, ENABLE FUTURE EDUCATION, ENCOURAGE CIVIC INVOLVEMENT AND PROMOTE FAMILY STABILITY AND SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $2,886,758

COLUMBUS LITERACY COUNCIL HAS BEEN SERVING CENTRAL OHIO FOR 45 YEARS WORKING TO IMPROVE FOUNDATIONAL LITERACY SKILLS NECESSARY FOR WORKFORCE DEVELOPMENT, STRONG FAMILIES, AND HEALTHY COMMUNITIES...

COLUMBUS LITERACY COUNCIL HAS BEEN SERVING CENTRAL OHIO FOR 45 YEARS WORKING TO IMPROVE FOUNDATIONAL LITERACY SKILLS NECESSARY FOR WORKFORCE DEVELOPMENT, STRONG FAMILIES, AND HEALTHY COMMUNITIES. COUNCIL PROGRAMS INCLUDE E2E (ENGLISH TO EXCEL), E40 (ENGLISH FOR OCCUPATIONS), FIT (FAMILIES INVOLVED TOGETHER-FAMILY LITERACY), REFRESH (GED PREPARATION), C2 (COMPUTER CONNECTIONS-DIGITAL LITERACY), USA (CITIZEN PREPARATION), AND LEAD (LITERACY LEADERS-VOLUNTEER TRAINING.

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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 $3,269,351

Program Service Revenue $0

Investment Income $3,892

Other Revenue $14,687

TOTAL REVENUE $3,287,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,939,279

Fundraising Expenses $52,237

Program Expenses $2,886,758

Other Expenses $1,186,113

TOTAL EXPENSES $3,125,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,287,930	$4,536,425	-0.3%
Expenses	$3,125,392	$4,402,081	-0.3%
Net Income	$162,538	$134,344	+0.2%

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

$145,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOY D REYES	CEO	40.00	Officer	$145,000	$0	$145,000
SUNITA BANSAL	MEMBER	1.00	Director	$0	$0	$0
ANGELIQUE CLAY	MEMBER	1.00	Director	$0	$0	$0
JACOB DOBRES	SECRETARY	2.00	Officer Director	$0	$0	$0
RAE ELLEN DOUGLAS	MEMBER	1.00	Director	$0	$0	$0
MONIQUE HALL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
NOAH JELLISON	TREASURER	2.00	Officer Director	$0	$0	$0
EDWARD MITCHELL	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
JONATHAN SCHULER	MEMBER	1.00	Director	$0	$0	$0
PARKER SINCLAIR	MEMBER	1.00	Director	$0	$0	$0
NATASHA SMITH	PRESIDENT	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	No data	No data	No data	No data
2023	$3,287,930	$3,125,392	$1,783,378	$162,538
2022	$4,536,425	$4,402,081	$1,616,067	$134,344
2021	$3,063,188	$2,375,994	$1,481,733	$687,194
2020	$3,014,307	$2,579,462	$916,008	$434,845
2019	$1,325,374	$1,167,983	$329,762	$157,391
2018	$788,660	$773,198	$48,557	$15,462