FAMILY LITERACY CENTER (EIN 382642247) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

MARY SHELTON

Phone

8106642737

Tax Period

2024-01-01 to 2024-12-31

FAMILY LITERACY CENTER, founded in 1986, is a small nonprofit in the Education sector that reported $607K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $523K left a modest 14% surplus.

Mission

TUTORING OF ADULTS IN READING, WRITING, SPELLING, AND SPEAKING ENGLISH AND PROVIDING SKILL BUILDING WORKSHOPS FOR FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $274,314

Program Service Revenue $260,813

Investment Income $11,752

Other Revenue $59,746

TOTAL REVENUE $606,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $436,429

Fundraising Expenses $14,674

Program Expenses $487,944

Other Expenses $86,681

TOTAL EXPENSES $523,110

Year-over-Year Comparison

	2024	2023	Change
Revenue	$606,625	$477,071	+0.3%
Expenses	$523,110	$428,997	+0.2%
Net Income	$83,515	$48,074	+0.7%

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

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

Total Directors

$84,187

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY SHELTON	EXECUTIVE DI	40.00	Director	$84,187	$0	$84,187
LORRETTA DENEWETH	TREASURER	2.00	Officer	$0	$0	$0
LIZ MCVETY	SECRETARY	2.00	Officer	$0	$0	$0
STEPHANIE REGITS	VICE PRESIDE	2.00	Officer	$0	$0	$0
JAMES SMITH	PRESIDENT	2.00	Officer	$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	$606,625	$523,110	$575,905	$83,515
2023	$477,071	$428,997	$489,674	$48,074
2022	$418,192	$407,452	$439,026	$10,740
2021	$372,493	$333,644	$501,867	$38,849
2020	$372,336	$299,942	$469,426	$72,394
2019	$239,739	$258,117	$424,261	$-18,378
2018	$370,546	$230,477	$472,128	$140,069

FAMILY LITERACY CENTER