LITERACY VOLUNTEERS OF ILLINOIS

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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

1979

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

LITERACY VOLUNTEERS OF ILLINOIS, founded in 1979, is a small nonprofit that reported $701K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

LITERACY VOLUNTEERS OF ILLINOIS IS A NON FOR PROFIT STATEWIDE ORGANIZATION COMMITTED TO DEVELOPING AND SUPPORTING VOLUNTEER LITERACY PROGRAMS THAT HELP FAMILIIES, ADULTS, AND OUT OF SCHOOL TEENS INCREASE THEIR LITERACY SKILLS.

Program Service Accomplishments

Program 1

Expenses: $482,487 Revenue: $80,000

THE VOLUNTEER OUTREACH FOR COMMUNITY ACTION IN LITERACY, HEREIN REFERRED TO AS VOCAL, IS A FEDERALLY FUNDED NATIONAL SERVICE PROGRAM THAT RECRUITS, TRAINS AND PLACES AMERICORPS MEMBERS IN COMMUNITY AND FAITH-BASED AGENCIES TO SERVE AS TUTORS, TUTOR RECRUITERS, AND CLASSROOM AIDES IN ADULT BASIC LITERACY AND ENGLISH AS A SECOND LANGUAGE PROGRAMS. THROUGHOUT THE FISCAL YEAR, VOCAL RECEIVED $36,306 OF DONATED SERVICES.

Program 2

Expenses: $127,396

JUMP START IS A ONE-TO-ONE TUTORING PROGRAM IN THE ILLINOIS YOUTH CENTERS, WHICH ARE STATE-OPERATED SECURE CENTERS FOR DELINQUENT YOUTH. THE PROGRAM SERVES TWO TYPES OF YOUTH - LOW LEVEL YOUTH...

JUMP START IS A ONE-TO-ONE TUTORING PROGRAM IN THE ILLINOIS YOUTH CENTERS, WHICH ARE STATE-OPERATED SECURE CENTERS FOR DELINQUENT YOUTH. THE PROGRAM SERVES TWO TYPES OF YOUTH - LOW LEVEL YOUTH PERFORMING BELOW A 6TH GRADE LEVEL AND HIGHER LEVEL YOUTH PURSUING A GED. YOUTH ARE REFERRED TO THE PROGRAM BY TEACHERS, BUT PARTICIPATION IS VOLUNTARY.

Program 3

Expenses: $59,298

THE TRAINING CENTER INVOLVES RESEARCH, POLICY ADVISING, AND PROGRAM DEVELOPMENT AT THE LOCAL, STATE, AND NATIONAL LEVELS. IT ALSO SERVES AS A CLEARING HOUSE FOR INFORMATION AND REFERRAL, SPONSORS TWO ANNUAL CONFERENCES, AND PROVIDES EVALUATIVE SERVICES FOR THE UIC CENTER FOR LITERACYS FAMILY START LITERACY CENTERS.

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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 $546,647

Program Service Revenue $154,671

Investment Income $0

Other Revenue $0

TOTAL REVENUE $701,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $573,282

Fundraising Expenses $9,099

Program Expenses $669,181

Other Expenses $161,483

TOTAL EXPENSES $734,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$701,318	$493,976	+0.4%
Expenses	$734,765	$560,029	+0.3%
Net Income	$-33,447	$-66,053	-0.5%

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

Total Directors

$71,154

Key Employees