LITERACY CONNECTIONS OF WAYNE COUN… - Form 990 Financial Data

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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

Legal Domicile

Principal Officer

CHARLES KIRBY

Phone

9195804030

Tax Period

2024-01-01 to 2024-12-31

LITERACY CONNECTIONS OF WAYNE COUNTY INC is a small nonprofit in the Education sector that reported $242K in total revenue in fiscal year 2024. Expenses of $276K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROMOTE ADULT LITERACY IN WAYNE COUNTY, NC.

Program Service Accomplishments

Program 1

Expenses: $203,534

BASIC ADULT EDUCATION AND LIFE SKILLS.

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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 $205,143

Program Service Revenue $0

Investment Income $5,595

Other Revenue $31,273

TOTAL REVENUE $242,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,013

Fundraising Expenses $27,282

Program Expenses $207,874

Other Expenses $67,713

TOTAL EXPENSES $275,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,011	$245,258	0.0%
Expenses	$275,726	$231,182	+0.2%
Net Income	$-33,715	$14,076	-3.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZIE ACREE	EXECUTIVE DI	N/A	Director	$0	$0	$0
PAIGE BARWICK	BOARD MEMBER	N/A	Director	$0	$0	$0
BECKY CRAIG	TREASURER	N/A	Director	$0	$0	$0
RENITA DAWSON	BOARD MEMBER	N/A	Director	$0	$0	$0
VETA HAM	BOARD MEMBER	N/A	Director	$0	$0	$0
MACK MURRAY JR	BOARD MEMBER	N/A	Director	$0	$0	$0
TOM MILLAY	SECRETARY	N/A	Director	$0	$0	$0
BRANDIE PAVON	BOARD MEMBER	N/A	Director	$0	$0	$0
SHERRY ROGERS	BOARD MEMBER	N/A	Director	$0	$0	$0
LISA STEVENS	BOARD MEMBER	N/A	Director	$0	$0	$0
BILL THOMPSON	BOARD MEMBER	N/A	Director	$0	$0	$0
LAURA WISE	BOARD MEMBER	N/A	Director	$0	$0	$0
CHARLES KIRBY	BOARD CHAIR	N/A	Officer	$0	$0	$0
JENNIFER LEWIS	BOARD MEMBER	N/A	Officer	$0	$0	$0
SELENA WORRELL	VICE CHAIRMA	N/A	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	$242,011	$275,726	$150,832	$-33,715
2023	$245,258	$231,182	$169,365	$14,076
2022	$239,833	$208,228	$156,183	$31,605
2021	$203,378	$198,129	$144,590	$5,249
2020	$210,898	$203,355	$115,970	$7,543
2019	$198,197	$193,022	$113,682	$5,175

LITERACY CONNECTIONS OF WAYNE COUNTY INC