KALAMAZOO LITERACY COUNCIL (EIN 383252735) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

DAVE GRINDER

Phone

2693820490

Tax Period

2023-01-01 to 2023-12-31

KALAMAZOO LITERACY COUNCIL, founded in 2001, is a small nonprofit in the Education sector that reported $910K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $868K left a modest 5% surplus.

Mission

THE KALAMAZOO LITERACY COUNCIL (KLC) IS A 501 (C) (3) NON-PROFIT ORGANIZATION COMMITTED TO ENHANCING THE LIVES OF ADULTS BY IMPROVING THEIR READING, WRITING, SPELLING AND COMPREHENSION SKILLS. THE KLC WAS FOUNDED IN 1974 AND IS THE ONLY ORGANIZATION IN KALAMAZOO COUNTY WITH THE EXCLUSIVE PURPOSE OF PROVIDING FREE BASIC LITERACY INSTRUCTION TO ADULTS. FOR MORE THAN 40 YEARS THE ORGANIZATION HAS BEEN THE LEADING VOICE FOR THE CAUSE OF ADULT LITERACY, MOBILIZING AND TRAINING VOLUNTEER TUTORS TO TEACH STRUGGLING ADULT READERS THROUGHOUT THE COUNTY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $776,475

Program Service Revenue $122,103

Investment Income $4,220

Other Revenue $6,718

TOTAL REVENUE $909,516

Expense Breakdown

Grants Paid $55,750

Salaries & Benefits $515,651

Fundraising Expenses $82,852

Program Expenses $664,084

Other Expenses $296,722

TOTAL EXPENSES $868,123

Year-over-Year Comparison

	2023	2022	Change
Revenue	$909,516	$802,319	+0.1%
Expenses	$868,123	$724,742	+0.2%
Net Income	$41,393	$77,577	-0.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

149

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SPENCER HAWORTH	PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH BIEREMA	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAVE GRINDER	TREASURER	1.00	Officer Director	$0	$0	$0
NICHOLE BLUM	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL YANCHO	PAST PRESIDE	1.00	Director	$0	$0	$0
SANDRA GUIZAR	DIRECTOR	1.00	Director	$0	$0	$0
BEN HARMAN	DIRECTOR	1.00	Director	$0	$0	$0
MATT FORKIN	DIRECTOR	1.00	Director	$0	$0	$0
DR DEVETA GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA FARAG	DIRECTOR	1.00	Director	$0	$0	$0
EMILY LEE	DIRECTOR	1.00	Director	$0	$0	$0
LIZBETH MENDOZA PINEDA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA PAGE	DIRECTOR	1.00	Director	$0	$0	$0
SARA WEYENBERG	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL D EVANS	EXECUTIVE DI	40.00	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	No data	No data	No data	No data
2023	$909,516	$868,123	$882,582	$41,393
2022	$802,319	$724,742	$714,201	$77,577
2021	$856,187	$844,658	$565,019	$11,529
2020	$504,602	$421,945	$703,526	$82,657
2019	$395,444	$348,891	$372,406	$46,553
2018	$297,616	$278,547	$249,108	$19,069

KALAMAZOO LITERACY COUNCIL