LITERACY CONNECTIONS OF WAYNE COUNTY INC

EIN: 474594755 501(c)(3) Education

GOLDSBORO, NC

Total Revenue
$242,011
Total Expenses
$275,726
Total Assets
$150,832
Net Assets
$128,150
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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
NC
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

TO PROVIDE FREE LITERACY SERVICES TO THE COMMUNITY OF WAYNE COUNTY, NC, IN ORDER FOR ADULTS TO HAVE THE SKILLS TO SUCEED AT HOME AND IN THE COMMUNITY.

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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%)

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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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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
75

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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