MID-VALLEY LITERACY CENTER

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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

2009

Legal Domicile

Principal Officer

VIVIAN ANG

Phone

5034631488

Tax Period

2021-07-01 to 2022-06-30

MID-VALLEY LITERACY CENTER, founded in 2009, is a small nonprofit in the Education sector that reported $141K in total revenue in fiscal year 2021. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $156K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO EMPOWER ADULTS WITH THE LITERACY SKILLS NEEDED TO INCREASE ECONOMIC STABILITY AND OVERALL QUALITY OF FAMILY LIFE.

Program Service Accomplishments

Program 1

Expenses: $146,597 Revenue: $18,503

WE PROVIDE LITERACY TRAINING TO ADULTS THROUGH TRAINING VOLUNTEER TUTORS, CONSULTATIONS WITH COMMUNITY PARTNERS (21 PARTNERS), AND DELIVERY OF EFFECTIVE LITERACY PROGRAMS INCLUDING WORKPLACE ENGLISH IN ORDER TO INCREASE THE LEARNERS' EDUCATIONAL AND VOCATIONAL OPPORTUNITIES. DURING THE FISCAL YEAR, 14 ADULTS ACHIEVED US CITIZENSHIP, 5 ADULTS ACHIEVED THEIR GED, AND 62 ADULTS ARE ACTIVELY BEING TUTORED. FOUR EVENTS WERE HELD VIRTUALLY OR IN-PERSON. QUARTERLY NEWSLETTERS WERE CREATED AND SENT. PROVIDED EDUCATIONAL SERVICES TO 12 ADULT REFUGEES. SHORT-TERM GOALS INCLUDE TRAINING MORE VOLUNTEER TUTORS TO TEACH OUR CLASSES. MID-VALLEY HAS TUTORED 22 ADULTS FROM AFGHANISTAN AND 6 ADULTS FROM UKRAINE. THERE WERE DONATED SERVICES VALUED AT $75,680 NOT INCLUDED IN PROGRAM EXPENSES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $123,923

Program Service Revenue $18,503

Investment Income $56

Other Revenue $-1,656

TOTAL REVENUE $140,826

Expense Breakdown

Grants Paid $470

Salaries & Benefits $92,400

Fundraising Expenses $379

Program Expenses $146,597

Other Expenses $62,893

TOTAL EXPENSES $155,763

Year-over-Year Comparison

	2021	2020	Change
Revenue	$140,826	$202,546	-0.3%
Expenses	$155,763	$153,518	+0.0%
Net Income	$-14,937	$49,028	-1.3%

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

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

$27,830

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERENLY AGOSTO UNTIL 63022	PRESIDENT	24.00	Officer Director	$0	$0	$0
LYLE ANG	SECRETARY	26.00	Officer Director	$0	$0	$0
EVA CORBIN	TREASURER	45.00	Officer Director	$0	$0	$0
PATRICIA MOSS	DIRECTOR	26.00	Director	$0	$0	$0
NEIL JOHNSON	DIRECTOR	26.00	Director	$0	$0	$0
AARON FOX	DIRECTOR	20.00	Director	$0	$0	$0
KATERINA VELASCO-GRAHAM	DIRECTOR UNTIL 2/7/22	14.00	Director	$0	$0	$0
THELMA WILEY	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN MCNAUGHT	CHAIR BEGAN 2/7/22	12.00	Director	$0	$0	$0
NORA CHAVEZ	DIRECTOR	18.00	Director	$0	$0	$0
VIVIAN ANG	EXECUTIVE DIRECTOR	40.00	Officer	$27,830	$0	$27,830

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
2022	$140,826	$155,763	$91,502	$-14,937
2021	$202,546	$153,518	$107,625	$49,028