LITERACY CHIPPEWA VALLEY

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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

ELIZABETH HART

Phone

7158340222

Tax Period

2024-07-01 to 2025-06-30

LITERACY CHIPPEWA VALLEY, founded in 1986, is a small nonprofit in the Education sector that reported $245K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $312K exceeded revenue, resulting in a 28% operating deficit.

Mission

PROVIDE LITERACY PROGRAMS TO HELP ADULTS & THEIR FAMILIES REACH THEIR GOALS

Program Service Accomplishments

Program 1

Expenses: $249,802 Revenue: $39,633

ADULT & FAMILY LITERACY - PROVIDE INSTRUCTION FOR ADULT LEARNERS WHO NEED TO ACQUIRE OR ENHANCE LITERACY SKILLS FOR THE WORKPLACE, HOME OR FAMILY. ADDITIONALLY, HELP PARENTS WITH LITERACY AND...

ADULT & FAMILY LITERACY - PROVIDE INSTRUCTION FOR ADULT LEARNERS WHO NEED TO ACQUIRE OR ENHANCE LITERACY SKILLS FOR THE WORKPLACE, HOME OR FAMILY. ADDITIONALLY, HELP PARENTS WITH LITERACY AND PARENTING SKILLS WHILE CHILDREN RECEIVE EARLY CHILDHOOD EDUCATION

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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 $204,826

Program Service Revenue $39,633

Investment Income $404

Other Revenue $-156

TOTAL REVENUE $244,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,244

Fundraising Expenses $21,397

Program Expenses $249,802

Other Expenses $105,096

TOTAL EXPENSES $312,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,707	$309,694	-0.2%
Expenses	$312,340	$316,100	0.0%
Net Income	$-67,633	$-6,406	+9.6%

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

$47,017

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH HART	EXECUTIVE DI	40.00	Officer	$47,017	$0	$47,017
NICOLE BREED	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD COATES	DIRECTOR	1.00	Director	$0	$0	$0
KATE COOK	VP/SECRETARY	1.00	Officer Director	$0	$0	$0
HEATHER FELTY	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE HARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
MACIE NIETZEL	TREASURER	1.00	Officer Director	$0	$0	$0
DAN SCHIERENBECK	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON SHEPARD	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	$244,707	$312,340	$219,879	$-67,633
2024	$309,694	$316,100	$287,604	$-6,406
2023	$262,796	$292,603	$292,796	$-29,807
2022	$278,293	$253,937	$320,310	$24,356
2021	$236,085	$226,641	$344,444	$9,444
2020	$207,268	$255,036	$323,899	$-47,768
2019	$279,406	$279,704	$336,694	$-298