LITERACY COUNCIL OF FREDERICK 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

Formation Year

1963

Legal Domicile

Principal Officer

GINGER TRAUTMAN

Phone

3016002066

Tax Period

2024-07-01 to 2025-06-30

LITERACY COUNCIL OF FREDERICK COUNTY INC, founded in 1963, is a small nonprofit that reported $571K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $540K left a modest 5% surplus.

Mission

PROGRAMS INCLUDE INDIVIDUAL AND SMALL GROUP TUTORING, ENGLISH AS A SECOND LANGUAGE COMMUNITY CLASSES, WORKPLACE ENGLISH CLASSES, AND PARENT ENGLISH CLASSES IN LOCAL ELEMENTARY SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $439,492 Revenue: $34,504

THIS PAST YEAR, THE LITERACY COUNCIL PROVIDED SERVICES TO 575 ADULTS IN TUTORING AND CLASS INSTRUCTION PROGRAMS. A TOTAL OF 212 VOLUNTEERS PROVIDED 12,080 VOLUNTEER HOURS OF INSTRUCTION, INSTRUCTION PREPARATION, TRAVEL, AND PROFESSIONAL DEVELOPMENT, WITH AN ADDITIONAL 3,938 VOLUNTEER HOURS OF OUTREACH, PROGRAM COORDINATION, AND OVERALL SUPPORT OF THE LITERACY COUNCIL'S PROGRAMS VALUED AT $557,266.

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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 $479,694

Program Service Revenue $34,504

Investment Income $58,665

Other Revenue $-1,451

TOTAL REVENUE $571,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $381,149

Fundraising Expenses $26,087

Program Expenses $439,492

Other Expenses $159,077

TOTAL EXPENSES $540,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$571,412	$401,170	+0.4%
Expenses	$540,226	$401,868	+0.3%
Net Income	$31,186	$-698	-45.7%

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

212

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

$75,392

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON JACKO	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
CATHERINE MOCK	PRESIDENT	3.00	Officer Director	$0	$0	$0
SAKINA HUSAIN	SECRETARY	2.00	Officer Director	$0	$0	$0
CAROLE SOUTHAM	TREASURER	4.00	Officer Director	$0	$0	$0
ERIK JONES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL COHEN	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE LUTTRELL	DIRECTOR	1.00	Director	$0	$0	$0
PATTY MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
GINGER TRAUTMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CYNDI MCNAMARA	DIRECTOR	1.00	Director	$0	$0	$0
SILVIA MUNOZ	DIRECTOR	1.00	Director	$0	$0	$0
PETER SHUCK	DIRECTOR	1.00	Director	$0	$0	$0
DANA ADAMS TATE	DIRECTOR	1.00	Director	$0	$0	$0
GREG RAUSCH	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN EDGE	E/D THROUGH DECEMBER 2024	40.00	Officer	$16,229	$1,086	$17,315
LAURIE FISHER HUNDERTMARK	PRIOR EXECUTIVE DIRECTOR	40.00	Officer	$48,453	$9,624	$58,077
DENISE HILL	E/D BEGINNING JANUARY 2025	40.00	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
2025	$571,412	$540,226	$994,239	$31,186
2024	$401,170	$401,868	$1,032,185	$-698
2023	$310,788	$319,336	$677,155	$-8,548
2022	$314,979	$292,426	$406,794	$22,553
2021	$305,252	$227,647	$463,390	$77,605

LITERACY COUNCIL OF FREDERICK COUNTY INC