Literacy Center of West Michigan (EIN 382725232) - 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

1987

Legal Domicile

Principal Officer

Wendy Falb

Phone

6164595151

Tax Period

2024-07-01 to 2025-06-30

Literacy Center of West Michigan, founded in 1987, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

The Literacy Center of West Michigan is committed to bringing about a just and vibrant West Michigan through the power of literacy

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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 $2,207,314

Program Service Revenue $226,355

Investment Income $22,359

Other Revenue $106,830

TOTAL REVENUE $2,562,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,783,991

Fundraising Expenses $190,262

Program Expenses $2,110,411

Other Expenses $905,892

TOTAL EXPENSES $2,689,883

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,562,858	$1,826,226	+0.4%
Expenses	$2,689,883	$2,051,108	+0.3%
Net Income	$-127,025	$-224,882	-0.4%

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

138

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

$161,975

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wendy Falb	Executive Director	40.00	Officer	$140,203	$21,772	$161,975
Kevin Vos	President	2.00	Officer Director	$0	$0	$0
Sherril Soman	Vice President	2.00	Officer Director	$0	$0	$0
Adam Russo	Secretary	2.00	Officer Director	$0	$0	$0
Melissa Seguin	Treasurer	2.00	Officer Director	$0	$0	$0
Jim Ayres	Director	1.00	Director	$0	$0	$0
Win Irwin	Director	1.00	Director	$0	$0	$0
Shanna Reynolds	Director	1.00	Director	$0	$0	$0
Jeff Heilman	Director	1.00	Director	$0	$0	$0
Lee Moyer	Director	1.00	Director	$0	$0	$0
Deidra Mitchell	Director	1.00	Director	$0	$0	$0
Maleika Joubert Brown	Director	1.00	Director	$0	$0	$0
Ashleigh Draft	Director	1.00	Director	$0	$0	$0
Victor Holt	Director	1.00	Director	$0	$0	$0
Rosa Estrada	Director	1.00	Director	$0	$0	$0
Carolina C'Nol	Director	1.00	Director	$0	$0	$0
Casey O'Neill	Director	1.00	Director	$0	$0	$0
Yadira Garza	Director	1.00	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
2025	$2,562,858	$2,689,883	$2,304,042	$-127,025
2024	$1,826,226	$2,051,108	$2,192,919	$-224,882
2023	$2,577,919	$1,821,806	$1,672,839	$756,113
2022	$1,470,651	$1,411,162	$635,854	$59,489
2021	$1,337,440	$1,272,718	$604,800	$64,722
2020	$1,312,721	$1,376,848	$676,453	$-64,127
2019	$1,387,209	$1,344,593	$585,927	$42,616

Literacy Center of West Michigan