Literacy Volunteers of Charlottesv… - 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

2003

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Literacy Volunteers of CharlottesvilleAbermarle, founded in 2003, is a small nonprofit in the Education sector that reported $462K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum.

Mission

PROMOTING LITERACY BY PROVIDING ONE-ON-ONE CONFIDENTIAL TUTORING IN BASIC LITERACY, CITIZENSHIP, AND ENGLISH FOR SPEAKERS OF OTHER LANGUAGES TO ADULTS LIVING/WORKING IN CHARLOTTESVILLE, ALBEMARLE, CONTIGUOUS COUNTIES

Program Service Accomplishments

Program 1

Expenses: $344,213

RECRUITED AND TRAINED VOLUNTEERS TO TUTOR ADULTS IN BASIC LITERACY AND NUMERACY INSTRUCTION; ENGLISH AS A SECOND LANGUAGE INSTRUCTION; WORKFORCE DEVELOPMENT; DIGITAL LITERACY; AND CITIZENSHIP AND...

RECRUITED AND TRAINED VOLUNTEERS TO TUTOR ADULTS IN BASIC LITERACY AND NUMERACY INSTRUCTION; ENGLISH AS A SECOND LANGUAGE INSTRUCTION; WORKFORCE DEVELOPMENT; DIGITAL LITERACY; AND CITIZENSHIP AND CIVICS INSTRUCTION.

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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 $413,002

Program Service Revenue $4,392

Investment Income $733

Other Revenue $43,847

TOTAL REVENUE $461,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,857

Fundraising Expenses $59,083

Program Expenses $344,213

Other Expenses $130,848

TOTAL EXPENSES $456,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$461,974	$306,212	+0.5%
Expenses	$456,705	$435,166	+0.0%
Net Income	$5,269	$-128,954	-1.0%

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

336

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

$87,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ellen M Osborne	Executive Director	40.00	Officer	$87,500	$0	$87,500
Bushiri Salumu	Director	2.00	Director	$0	$0	$0
Bitsy Waters	Director	2.00	Director	$0	$0	$0
Jasmine Yoon	Director	2.00	Director	$0	$0	$0
Guillermo Martinez Lopez	Director	2.00	Director	$0	$0	$0
Peter Drake	Director	2.00	Director	$0	$0	$0
Esra Yavuz	Director	2.00	Director	$0	$0	$0
Helen Cauthen	Director	2.00	Director	$0	$0	$0
Larry Peppers	Director	2.00	Director	$0	$0	$0
MaryLewis Meador	Director	2.00	Director	$0	$0	$0
Portia Boggs	Director	2.00	Director	$0	$0	$0
Jonathan Chasen	President	2.00	Officer Director	$0	$0	$0
Jeanne Siler	Secretary	2.00	Officer Director	$0	$0	$0
Robierre Nderittu	Treasurer	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
2025	No data	No data	No data	No data
2024	$461,974	$456,705	$450,759	$5,269
2023	$356,443	$435,768	$325,489	$-79,325
2023	$306,212	$435,166	$432,733	$-128,954
2022	$514,830	$390,383	$394,901	$124,447
2021	$428,064	$401,222	$292,309	$26,842
2020	$392,220	$410,388	$316,000	$-18,168
2019	$413,915	$378,241	$273,575	$35,674

Literacy Volunteers of CharlottesvilleAbermarle