CARY, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE TRIANGLE LITERACY COUNCIL ADVANCES AND SUPPORTS ACADEMIC, ECONOMIC, AND LIFE SUCCESS FOR CHILDREN, YOUTH, AND ADULTS FACING BARRIERS TO SUCCESS THROUGH MULTI-FACETED LITERACY EDUCATION. WE BELIEVE THAT A FOUNDATION OF FUNCTIONAL LITERACY IS NECESSARY TO SURVIVE AND THRIVE IN SOCIETY, AND WE STRIVE TO HELP BUILD A WORLD IN WHICH FULFILLMENT OF INDIVIDUAL POTENTIAL LEADS TO PERSONAL SATISFACTION AND ACHIEVEMENT, SUSTAINABLE INDEPENDENCE, AND FAMILY AND COMMUNITY WELLNESS. WE PROVIDE LITERACY PROGRAMMING ACROSS A BROAD SPECTRUM OF INDIVIDUALS AND FAMILIES INCLUDING YOUTH AND ADULTS INVOLVED WITH THE JUVENILE JUSTICE SYSTEM, THOSE WHO ARE UNEMPLOYED, STUDENTS WHO ARE BEHIND IN SCHOOL, AND NON-NATIVE ENGLISH SPEAKERS WISHING TO LEARN THE ENGLISH LANGUAGE. WE OFFER TUTORING, INSTRUCTION, MENTORING, FINANCIAL LITERACY, JOB TRAINING OPPORTUNITIES, CIVIC AND CULTURAL LITERACY, ACADEMIC AND SOCIAL SKILLS DEVELOPMENT, GED PREPARATION, AND WORKPLACE LITERACY.
1. FOR THE 2023-2024 YEAR, TRIANGLE LITERACY COUNCIL'S (TLC) ADULT PROGRAMS WORKED WITH APPROXIMATELY 130 STUDENTS. PARTICIPANTS WERE EITHER IN OUR ENGLISH AS A SECOND LANGUAGE (ESL), ADULT BASIC...
1. FOR THE 2023-2024 YEAR, TRIANGLE LITERACY COUNCIL'S (TLC) ADULT PROGRAMS WORKED WITH APPROXIMATELY 130 STUDENTS. PARTICIPANTS WERE EITHER IN OUR ENGLISH AS A SECOND LANGUAGE (ESL), ADULT BASIC EDUCATION (ABE), AND/OR INTEGRATED ENGLISH LITERACY AND CIVICS EDUCATION (IELCE) CLASSES. IN OUR ESL CLASSES, NON-NATIVE SPEAKERS HAVE THE OPPORTUNITY TO LEARN THE ENGLISH LANGUAGE THROUGH LISTENING, READING, AND SPEAKING. IN ADDITION TO GETTING THE ESL COMPONENT, IELCE STUDENTS LEARNED ABOUT THE RIGHTS AND RESPONSIBILITIES OF CITIZENSHIP AND CIVIC ENGAGEMENT. OUR ABE STUDENTS HAD THE OPPORTUNITY TO STRENGTHEN THEIR MATH AND READING SKILLS. ADULT PROGRAMMING INCLUDES CURRICULA AND MODULES FOR ACQUISITION AND INCREASED PROFICIENCY IN READING, WRITING, MATH, SCIENCE, CONVERSATION, AND EVERYDAY LANGUAGE COMMUNICATION, ALONG WITH ACQUISITION OF THE TOOLS, KNOWLEDGE, AND CONFIDENCE NEEDED TO FIND AND MAINTAIN EMPLOYMENT. 2. TLC'S YOUTH LITERACY PROGRAM WORKED WITH APPROXIMATELY 80 STUDENTS DURING THIS SAME TIME FRAME. STUDENTS HAD THE OPPORTUNITY TO WORK WITH INSTRUCTORS OR TUTORS 1:1 OR IN A SMALL GROUP SETTING. THEY ALSO HAD THE OPTION FOR VIRTUAL OR FACE-TO-FACE SESSIONS. STUDENTS WERE TUTORED IN ANY AREA WHERE THERE WAS ACADEMIC CONCERN. ALL STUDENTS WERE ASSESSED IN READING AND MATH UPON INTAKE AND THROUGHOUT THE PROGRAM TO MEASURE ACADEMIC GAINS. WE USE BOTH QUANTITATIVE DATA AND QUALITATIVE DATA TO PROVIDE A COMPLETE PICTURE OF HOW OUR PROGRAM IS AFFECTING OUR PARTICIPANTS. STUDENT SURVEYS INDICATE THAT PARTICIPANTS FEEL THEIR CLASSROOM PERFORMANCE HAS IMPROVED THAT THEY FELT MORE CONFIDENT IN THEIR ABILITY TO BE SUCCESSFUL. 3. FOR THE 2023-2024 YEAR, OUR BULL CITY YOUTHBUILD (BCYB) PROGRAM SERVED APPROXIMATELY 30 STUDENTS. STUDENTS HAD THE OPPORTUNITY TO PREPARE FOR AND OBTAIN THEIR GED AS WELL AS RECEIVE WORKFORCE READINESS TRAINING AND CERTIFICATIONS. DURING THIS TIME, BCYB HAD A SUCCESSFUL RELAUNCH OF PROGRAMMING THAT INCLUDED RECRUITMENT OF STUDENTS AND BUILDING A BASE OF VOLUNTEERS AND COMMUNITY PARTNERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $471,686 | $672,236 | -0.3% |
| Expenses | $719,868 | $671,944 | +0.1% |
| Net Income | $-248,182 | $292 | -850.9% |
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
Sign In| 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 |
| 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 |
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