THE 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

1985

Legal Domicile

Principal Officer

NICOLE FASANO

Phone

8159637323

Tax Period

2022-07-01 to 2023-04-30

THE LITERACY COUNCIL, founded in 1985, is a micro nonprofit that reported $59K in total revenue in fiscal year 2022. Revenue fell 117% from the prior year — a significant decline worth monitoring.

Mission

THE LITERACY COUNCIL EXISTS TO PROVIDE LITERACY INSTRUCTION TO INDIVIDUALS AND FAMILIES TO STRENGTHEN COMMUNITIES, TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS, AND TO ADVOCATE FOR LITERACY AWARENESS AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $28,123

THE LITERACY COUNCIL WAS FOUNDED IN 1985 TO MEET THE NEED FOR ADULT LITERACY SERVICES IN WINNEBAGO, BOONE, AND NORTHEAST OGLE COUNTIES. THE COUNCIL PROVIDES LITERACY INSTRUCTION TO INDIVIDUALS AND...

THE LITERACY COUNCIL WAS FOUNDED IN 1985 TO MEET THE NEED FOR ADULT LITERACY SERVICES IN WINNEBAGO, BOONE, AND NORTHEAST OGLE COUNTIES. THE COUNCIL PROVIDES LITERACY INSTRUCTION TO INDIVIDUALS AND FAMILIES TO STRENGTHEN COMMUNITIES. PROGRAMS INCLUDE ONE-ON-ONE VOLUNTEER TUTORING IN ADULT BASIC LITERACY AND ENGLISH AS A SECOND LANGUAGE (ESL), SMALL GROUP CLASSES IN ADULT BASIC EDUCATION, AND ESL AND FAMILY LITERACY PROGRAMS. ALL SERVICES ARE PROVIDED FREE OF CHARGE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $34,595

Program Service Revenue $0

Investment Income $-97,122

Other Revenue $3,300

TOTAL REVENUE $-59,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,644

Fundraising Expenses $523

Program Expenses $28,123

Other Expenses $159,980

TOTAL EXPENSES $171,624

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-59,227	$356,909	-1.2%
Expenses	$171,624	$419,252	-0.6%
Net Income	$-230,851	$-62,343	+2.7%

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

$3,005

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM GRENNELL	EXECUTIVE DI	40.00	Officer	$3,005	$0	$3,005
NATALIE HYSER BARBER	DIRECTOR	2.00	Director	$0	$0	$0
FRAN BAZE	SECRETARY	2.00	Officer Director	$0	$0	$0
CRAIG CARLSON	PAST PRESIDE	2.00	Director	$0	$0	$0
LISA CHATFIELD	DIRECTOR	2.00	Director	$0	$0	$0
SOPHIA DARR	DIRECTOR	2.00	Director	$0	$0	$0
DR LORI FANELLO	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE FASANO	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIAN HINTZSCHE	TREASURER	2.00	Officer Director	$0	$0	$0
PAUL IVERSON	DIRECTOR	2.00	Director	$0	$0	$0
SHARON MALONE	DIRECTOR	2.00	Director	$0	$0	$0
TYLER PICKERING	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
RONALD SCHOEPFER	DIRECTOR	2.00	Director	$0	$0	$0
LYNN STAINBROOK	DIRECTOR	2.00	Director	$0	$0	$0
SHARON D WEST	DIRECTOR	2.00	Director	$0	$0	$0
ANNTONISHA WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER ZABEL	DIRECTOR	2.00	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
2023	$-59,227	$171,624	No data	$-230,851
2022	$356,909	$419,252	$251,853	$-62,343
2021	$344,578	$379,359	$360,491	$-34,781
2020	$309,525	$416,987	$400,250	$-107,462
2019	$379,194	$389,912	$448,760	$-10,718
2018	$447,217	$402,335	$473,923	$44,882