TRIANGLE LITERACY COUNCIL (EIN 561530150) - 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

1970

Legal Domicile

Principal Officer

LISA A ROWE

Phone

9197875559

Tax Period

2023-07-01 to 2024-06-30

TRIANGLE LITERACY COUNCIL, founded in 1970, is a small nonprofit that reported $472K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $720K exceeded revenue, resulting in a 53% operating deficit.

Mission

THE TRIANGLE LITERACY COUNCIL IMPROVES THE LIVES OF ADULTS, YOUTH, AND FAMILIES THROUGH 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 (2023)

Revenue Breakdown

Contributions & Grants $464,158

Program Service Revenue $0

Investment Income $7,528

Other Revenue $0

TOTAL REVENUE $471,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $558,773

Fundraising Expenses $36,344

Program Expenses $608,304

Other Expenses $161,095

TOTAL EXPENSES $719,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$471,686	$672,236	-0.3%
Expenses	$719,868	$671,944	+0.1%
Net Income	$-248,182	$292	-850.9%

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

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

$69,024

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN ATKINS	DIRECTOR THRU 2/1/2024	1.00	Director	$0	$0	$0
KATHY BLUM	DIRECTOR	1.00	Director	$0	$0	$0
BILL GLUCK	DIRECTOR THRU 2/8/2024	1.00	Director	$0	$0	$0
WARREN SAVAGE	DIRECTOR	1.00	Director	$0	$0	$0
JASMIN VOLKEL	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BRADY	CHAIR	2.00	Officer Director	$0	$0	$0
LEON SHARGEL	SECRETARY THRU 6/30/2024	2.00	Officer Director	$0	$0	$0
DON HILLER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS CHENEY	TREASURER	2.00	Officer Director	$0	$0	$0
MOLLY ANDREWS	DIRECTOR FROM 12/1/2023	1.00	Director	$0	$0	$0
KELLY GANGL	DIRECTOR FROM 4/1/2024	1.00	Director	$0	$0	$0
SEYUN HWANG	DIRECTOR FROM 6/1/2024	1.00	Director	$0	$0	$0
LAURA LOYEK	DIRECTOR FROM 6/1/2024	1.00	Director	$0	$0	$0
TATIANA TERRY	DIRECTOR FROM 6/1/2024	1.00	Director	$0	$0	$0
LEX-JORDAN IBEGBU	DIRECTOR FROM 6/1/2024	1.00	Director	$0	$0	$0
LISA ROWE	PRESIDENT/CEO	40.00	Officer	$61,572	$7,452	$69,024

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	$471,686	$719,868	$164,083	$-248,182
2023	$672,236	$671,944	$395,805	$292
2022	$375,571	$769,856	$269,410	$-394,285
2021	$672,329	$756,802	$663,039	$-84,473
2020	$355,027	$771,905	$902,736	$-416,878
2019	$1,846,635	$1,312,989	$1,351,803	$533,646
2018	$1,411,550	$1,592,602	$930,721	$-181,052

TRIANGLE LITERACY COUNCIL