LITERACY KANSAS CITY

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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

MICHAEL GANHEART

Phone

8163339332

Tax Period

2023-07-01 to 2024-06-30

LITERACY KANSAS CITY, founded in 1986, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO ADVANCE LITERACY WITHIN THE KANSAS CITY METROPOLITAN AREA THROUGH DIRECT SERVICES, ADVOCACY, AND COLLABORATION.

Program Service Accomplishments

Program 1

Expenses: $3,064,993 Revenue: $61,435

LITERACY KC OFFERS A WELCOMING COMMUNITY FOR ADULTS AND FAMILIES TO IMPROVE LITERACY SKILLS AND ENHANCE QUALITY OF LIFE. EACH TERM, STAFF, TUTORS, VOLUNTEERS, AND INSTRUCTORS BUILD A COLLABORATIVE...

LITERACY KC OFFERS A WELCOMING COMMUNITY FOR ADULTS AND FAMILIES TO IMPROVE LITERACY SKILLS AND ENHANCE QUALITY OF LIFE. EACH TERM, STAFF, TUTORS, VOLUNTEERS, AND INSTRUCTORS BUILD A COLLABORATIVE LEARNING ENVIRONMENT WHERE ADULT STUDENTS EXPAND THEIR READING, WRITING, MATH, AND DIGITAL SKILLS. THIS PERSONALIZED APPROACH ALLOWS STUDENTS TO SHAPE THE INSTRUCTION THEY RECEIVE AND DELIVERS A BALANCED CURRICULUM, LEADING TO IMPROVED LITERACY AND LIFE SKILLS. OUR MODEL HAS THREE KEY PARTS. INSTRUCTOR LED: QUALIFIED INSTRUCTORS TEACH RELEVANT, RESPONSIVE, AND LEVEL-APPROPRIATE CURRICULUM. TUTOR-DRIVEN: TRAINED VOLUNTEER TUTORS SUPPORT THE INSTRUCTORS AND HELP MEET INDIVIDUAL STUDENT NEEDS. STUDENT-CENTERED: EACH STUDENT IDENTIFIES ACADEMIC AND PERSONAL GOALS AND INSTRUCTORS DESIGN LESSONS TO HELP THEM MEET THESE GOALS. OUR PROGRAMMING INCLUDES HIGH SCHOOL EQUIVALENCY PREPARATION CLASSES, ENGLISH LANGUAGE LEARNING, EXCEL ADULT HIGH SCHOOL (IN PARTNERSHIP WITH KC PUBLIC LIBRARY AND MID-CONTINENT PUBLIC LIBRARY), DIGITAL LITERACY CLASSES, WORKFORCE DEVELOPMENT, AND THE LET'S READ FAMILY READING PROGRAM. DURING 2023-2024, LKC RAN 45 CLASSES WITH 1,353 STUDENTS. OF THESE STUDENTS, 898 DEMONSTRATED A GAIN IN PROFICIENCY THROUGH TESTING, PASSED THEIR HISET/GED, OR RECEIVED A CERTIFICATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,805,644

Program Service Revenue $61,435

Investment Income $6,066

Other Revenue $0

TOTAL REVENUE $2,873,145

Expense Breakdown

Grants Paid $19,618

Salaries & Benefits $2,780,756

Fundraising Expenses $204,938

Program Expenses $3,064,993

Other Expenses $878,024

TOTAL EXPENSES $3,678,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,873,145	$4,187,416	-0.3%
Expenses	$3,678,398	$3,370,221	+0.1%
Net Income	$-805,253	$817,195	-2.0%

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

200

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

$156,190

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GILLIAN HELM	CEO	40.00	Officer	$151,383	$4,807	$156,190
MICHAEL GANHEART	PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNNE O'CONNELL	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
PAUL DEFOE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
PAUL EWING	TREASURER	2.00	Officer Director	$0	$0	$0
ANN TINSMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
BRIDGET RICHARDS	BOARD MEMBER	1.00	Director	$0	$0	$0
PIERSON CURTIS	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMBA HALI	BOARD MEMBER	1.00	Director	$0	$0	$0
BOBBY KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES KING	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE MIELKE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARQUIS QUEEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENDAN RITTEL	BOARD MEMBER	1.00	Director	$0	$0	$0
TRICIA SCAGLIA	BOARD MEMBER	1.00	Director	$0	$0	$0
DORI STAYTON	BOARD MEMBER	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	No data	No data	No data	No data
2024	$2,873,145	$3,678,398	$2,182,308	$-805,253
2023	$4,187,416	$3,370,221	$3,051,344	$817,195
2022	$3,294,201	$3,049,360	$2,006,936	$244,841
2021	$2,841,106	$2,801,880	$1,783,046	$39,226
2020	$1,468,459	$1,405,616	$1,809,994	$62,843
2019	$1,808,034	$1,392,455	$1,745,479	$415,579