DURHAM LITERACY CENTER INC

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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

1985

Legal Domicile

Principal Officer

CRYSTAL AVENT

Phone

9194898383

Tax Period

2024-07-01 to 2025-06-30

DURHAM LITERACY CENTER INC, founded in 1985, is a small nonprofit in the Education sector that reported $608K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $880K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO EMPOWER DURHAM COUNTY RESIDENTS WHO WANT TO IMPROVE THEIR LIVES AND THE LIVES OF THEIR FAMILIES BY IMPROVING THEIR LITERACY SKILLS.

Program Service Accomplishments

Program 1

Expenses: $211,807 Revenue: $13,415

THE YOUTH EDUCATION AND ACHIEVEMENT ACADEMY PROGRAM IS A RIGOROUS, LEARNER-CENTERED ACADEMIC TRAINING, PERSONAL DEVELOPMENT AND INTEGRATED CAREER PATHWAY PROGRAM SPECIFICALLY DESINGED TO ASSIST...

THE YOUTH EDUCATION AND ACHIEVEMENT ACADEMY PROGRAM IS A RIGOROUS, LEARNER-CENTERED ACADEMIC TRAINING, PERSONAL DEVELOPMENT AND INTEGRATED CAREER PATHWAY PROGRAM SPECIFICALLY DESINGED TO ASSIST OUT-OF-SCHOOL YOUTH AGED 16-24. THE PURPOSE OF THIS PROGRAM IS DESIGNED TO HELP YOUTH ATTAIN THEIR HIGH SCHOOL EQUIVALENCY DIPLOMAS AND/OR IMPROVE BASIC EDUCATIONAL AND LITERACY SKILLS. THIS PROGRAM IS ALSO FOCUSED ON PROVIDING YOUTH THE KNOWLEDGE, MOTIVATION AND SKILLS NECESSARY TO ADVANCE THEIR LIVES AND CONTRIBUTE POSITIVELY TO THE COMMUNITY.

Program 2

Expenses: $167,555 Revenue: $16,515

THE ADULT LITERACY PROGRAM IS A STUDENT-CENTERED FUNCTIONAL LITERACY PROGRAM DESIGNED TO EQUIP ADULTS WITH READING AND WRITING SKILLS THAT EMPOWER THEIR PARTICIPATION WITH THEIR FAMILIES, WORK PLACE...

Program 3

Expenses: $236,935 Revenue: $13,415

THE ENGLISH FOR SPEAKERS OF OTHER LANGUAGES (ESOL) PROGRAM FUNCTIONS TO EQUIP ADULT IMMIGRANTS AND NON-NATIVE INDIVIDUALS WITH ENGLISH LANGUAGE SKILLS NEEDED TO ACHIEVE THEIR PERSONAL AND...

THE ENGLISH FOR SPEAKERS OF OTHER LANGUAGES (ESOL) PROGRAM FUNCTIONS TO EQUIP ADULT IMMIGRANTS AND NON-NATIVE INDIVIDUALS WITH ENGLISH LANGUAGE SKILLS NEEDED TO ACHIEVE THEIR PERSONAL AND PROFESSIONAL GOALS. THIS PROGRAM FOCUSES ON REAL WORLD SKILLS SUCH AS OBTAINING EMPLOYMENT, PARTICIPATING IN CHILDREN'S EDUCATION, AND OBTAINING ADEQUATE HOUSING.

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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 $563,660

Program Service Revenue $43,345

Investment Income $1,461

Other Revenue $0

TOTAL REVENUE $608,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $639,396

Fundraising Expenses $78,645

Program Expenses $616,297

Other Expenses $240,272

TOTAL EXPENSES $879,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$608,466	$693,942	-0.1%
Expenses	$879,668	$880,070	0.0%
Net Income	$-271,202	$-186,128	+0.5%

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

$85,575

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL FAULKNER-HUDSON	EX-OFFICIO	2.00	Director	$0	$0	$0
LINDA ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
KRIS ANTHONY-MILLER	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH BENDER	DIRECTOR	2.00	Director	$0	$0	$0
RUKMINI BALU	DIRECTOR	2.00	Director	$0	$0	$0
ATISHA BURNETT	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN LEBOWITZ	TREASURER	2.00	Officer Director	$0	$0	$0
GWENN WEAVER	PAST CHAIR	2.00	Director	$0	$0	$0
ED WOLF	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SUSAN SPRINGER	EX-OFFICIO	2.00	Director	$0	$0	$0
REGINALD HODGES	EX-OFFICIO	2.00	Director	$0	$0	$0
DR SY MAUSKOPF	EX-OFFICIO	2.00	Director	$0	$0	$0
ISAAC THOMAS JR	CHAIR	2.00	Officer Director	$0	$0	$0
KRISTY MILLER	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHY SIKES	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE FENNEL	DIRECTOR	2.00	Director	$0	$0	$0
DAN OLDMAN	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH ELLIS	EXECUTIVE DIRECTOR (THROUGH DEC)	40.00	Officer	$75,219	$10,356	$85,575
CRYSTAL AVENT	EXECUTIVE DIRECTOR (STARTING JAN)	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	$608,466	$879,668	$794,632	$-271,202
2024	$693,942	$880,070	$1,009,012	$-186,128
2023	$626,388	$880,136	$1,140,123	$-253,748
2022	$948,350	$905,335	$1,363,688	$43,015
2021	$637,612	$727,153	$1,503,621	$-89,541
2020	$568,028	$797,324	$1,576,529	$-229,296