VIRGINIA LITERACY FOUNDATION (EIN 541444068) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

MARK EMBLIDGE

Phone

8042378909

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA LITERACY FOUNDATION, founded in 1986, is a small nonprofit in the Education sector that reported $890K in total revenue in fiscal year 2018. Expenses of $993K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROMOTE LITERACY AMOUNG VIRGINIA RESIDENTS BY SUPPORTING PUBLIC LITERACY PROGRAMS, ENHANCING, PRIVATE SECTOR LITERACY INITIATIVES; AND ENCOURAGING STATEWIDE LITERACY AWARENESS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,716,591

Program Service Revenue $0

Investment Income $8,157

Other Revenue $0

TOTAL REVENUE $1,724,748

Expense Breakdown

Grants Paid $143,060

Salaries & Benefits $308,506

Fundraising Expenses $11,250

Program Expenses $620,723

Other Expenses $238,797

TOTAL EXPENSES $690,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,724,748	$692,758	+1.5%
Expenses	$690,363	$595,896	+0.2%
Net Income	$1,034,385	$96,862	+9.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNIE BALILES	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
RUTH HAZEL	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
TROILEN GAINEY SEWARD	TREASURER	2.00	Officer Director	$0	$0	$0
JEFFREY HOLLAND	BOARD MEMBER	2.00	Director	$0	$0	$0
MARCY SIMS	BOARD MEMBER	2.00	Director	$0	$0	$0
HEIDI SILVER-PARCUILLA	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBORAH L SPEECE	BOARD MEMBER	2.00	Director	$0	$0	$0
MALINDA LANGFORD	BOARD MEMBER	2.00	Director	$0	$0	$0
RONALD ROBERTSON	BOARD MEMBER	2.00	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	$1,724,748	$690,363	$1,886,673	$1,034,385
2024	$692,758	$595,896	$969,254	$96,862
2023	$636,344	$572,014	$861,932	$64,330
2022	$577,726	$458,285	$674,835	$119,441
2021	$532,718	$433,504	$568,046	$99,214
2020	$862,331	$854,902	$481,417	$7,429
2019	$890,204	$992,554	$590,334	$-102,350

VIRGINIA LITERACY FOUNDATION