RITA WELSH ADULT LITERACY PROGRAM … - 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

1979

Legal Domicile

Phone

7572213325

Tax Period

2024-07-01 to 2025-06-30

RITA WELSH ADULT LITERACY PROGRAM INC, founded in 1979, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

LITERACY FOR LIFE EMPPWERS ADULTS BY BUILDING FOUNDATIONS FOR SUCCESS IN LIFE AND WORK.

Program Service Accomplishments

Program 1

Expenses: $666,501

THE PROGRAMS MISSION IS TO PROVIDE LITERACY SKILLS TO ADULT RESIDENTS OF WILLIAMSBURG, JAMES CITY COUNTY, YORK COUNTY, NEWPORT NEWS, HAMPTON AND POQUOSON IN ORDER TO BENEFIT THE COMMUNITY AT LARGE...

THE PROGRAMS MISSION IS TO PROVIDE LITERACY SKILLS TO ADULT RESIDENTS OF WILLIAMSBURG, JAMES CITY COUNTY, YORK COUNTY, NEWPORT NEWS, HAMPTON AND POQUOSON IN ORDER TO BENEFIT THE COMMUNITY AT LARGE THROUGH EACH INDIVIDUALS PERSONAL AND ECONIMOC GROWTH.

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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 $988,651

Program Service Revenue $94,648

Investment Income $53,438

Other Revenue $0

TOTAL REVENUE $1,136,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $815,750

Fundraising Expenses $306,693

Program Expenses $666,501

Other Expenses $243,040

TOTAL EXPENSES $1,121,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,136,737	$1,168,916	0.0%
Expenses	$1,121,147	$1,065,232	+0.1%
Net Income	$15,590	$103,684	-0.8%

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

282

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
JASON THORNTON	EXECUTIVE DIRECTOR	40.00	Highest	$113,850	$0	$113,850
MIHYEON KIM	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GASTON	SECRETARY	1.00	Officer Director	$0	$0	$0
EVE ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
RASAURA HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH L WHITE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NATASHA MERTZ	DIRECTOR	1.00	Director	$0	$0	$0
BENMING ZHANG	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL WHITE	DIRECTOR	1.00	Director	$0	$0	$0
JANE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA SALAMY	TREASURER	1.00	Officer Director	$0	$0	$0
BILL MUTELL	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM SPONG	DIRECTOR	1.00	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	$1,136,737	$1,121,147	$1,769,581	$15,590
2024	$1,168,916	$1,065,232	$1,534,220	$103,684
2023	$893,304	$841,342	$1,367,739	$51,962
2022	$895,456	$812,122	$1,303,508	$83,334
2021	$1,015,435	$644,220	$1,243,247	$371,215
2020	$765,640	$785,029	$878,748	$-19,389
2019	$991,303	$829,875	$835,108	$161,428

RITA WELSH ADULT LITERACY PROGRAM INC