Racine Literacy Council Inc (EIN 510190214) - Form 990 Financial Analysis & Trantor Score

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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

1984

Legal Domicile

Phone

2626329495

Tax Period

2024-07-01 to 2025-06-30

Racine Literacy Council Inc, founded in 1984, is a small nonprofit that reported $387K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE READING AND WRITING INSTRUCTION TO RACINE COUNTY RESIDENTS THROUGH THE USE OF TRAINED VOLUNTEER TUTORS.

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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 $417,896

Program Service Revenue $0

Investment Income $2,811

Other Revenue $-34,193

TOTAL REVENUE $386,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,353

Fundraising Expenses $0

Program Expenses $297,993

Other Expenses $120,189

TOTAL EXPENSES $389,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$386,514	$264,321	+0.5%
Expenses	$389,542	$368,786	+0.1%
Net Income	$-3,028	$-104,465	-1.0%

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

100

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

$94,526

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura Sumner Coon	Executive Dir.	32.00	Officer	$94,526	$0	$94,526
James Hooper	President	0.00	Officer Director	$0	$0	$0
Atif Taj	Vice President	0.00	Officer Director	$0	$0	$0
Mary Biesack	Treasurer	0.00	Officer Director	$0	$0	$0
Ashleigh Dickey	Secretary	0.00	Officer Director	$0	$0	$0
Victor Frasher	Director	0.00	Director	$0	$0	$0
Patricia O'Connell	Director	0.00	Director	$0	$0	$0
Jessica Johnson	Director	0.00	Director	$0	$0	$0
John Gates	Director	0.00	Director	$0	$0	$0
Esmeralda Castulo	Director	0.00	Director	$0	$0	$0
Erica Ketzer	Director	0.00	Director	$0	$0	$0
Charles McDonald	Director	0.00	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	$386,514	$389,542	$265,237	$-3,028
2024	$264,321	$368,786	$264,697	$-104,465
2023	$252,214	$279,750	$328,033	$-27,536
2022	$174,755	$196,897	$294,382	$-22,142
2021	$220,075	$174,326	$334,296	$45,749
2019	$193,478	$208,320	$325,474	$-14,842

Racine Literacy Council Inc