WASHINGTON LITERACY CENTER (EIN 526063003) - 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

1963

Legal Domicile

Principal Officer

JIMMIE WILLIAMS

Tax Period

2022-07-01 to 2023-06-30

WASHINGTON LITERACY CENTER, founded in 1963, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2022. Expenses of $2.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MISSION OF THE WASHINGTON LITERACY CENTER IS TO RAISE THE LITERACY LEVEL OF ADULTS IN WASHINGTON, DC SUCH THAT THEY MAY FUNCTION ON THE JOB, IN THE FAMILY AND IN SOCIETY. PROGRAM OFFERINGS HAVE EXPANDED TO INCLUDE DIGITAL, WOPRKPLACE, MATH, FINANCIAL AND HEALTH LITERACY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,870,720

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,870,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,071,976

Fundraising Expenses $78,437

Program Expenses $1,162,553

Other Expenses $1,124,709

TOTAL EXPENSES $2,196,685

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,870,720	$1,926,299	0.0%
Expenses	$2,196,685	$2,065,896	+0.1%
Net Income	$-325,965	$-139,597	+1.3%

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

N/A

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

$279,201

Total Directors

$279,201

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JIMMIE WILLIAMS	PRESIDENT & EXECUTIVE DIRECTO	Officer Director	$158,958	$0	$158,958
VERNON WIMBERLEY	COO	Officer Director	$120,243	$0	$120,243
TONY GITTENS	MEMBER	Director	$0	$0	$0
LIZ RYAN	MEMBER	Director	$0	$0	$0
DELESE HARVEY	DIRECTOR	Director	$0	$0	$0
SARA KARRER	DIRECTOR	Director	$0	$0	$0
CANDACE CUNNINGHAM	DIRECTOR	Director	$0	$0	$0
LAISHA DOUGHERTY	SECRETARY	Officer 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
2024	No data	No data	No data	No data
2023	$1,870,720	$2,196,685	$987,507	$-325,965
2022	$1,926,299	$2,065,896	$181,397	$-139,597
2021	$2,001,216	$1,977,994	$364,102	$23,222
2019	$890,726	$908,098	$89,205	$-17,372
2019	$890,726	$908,098	$89,205	$-17,372
2018	$336,830	$470,464	$-13,546	$-133,634

WASHINGTON LITERACY CENTER