Literacy Council of Highlands Inc

EIN: 561883637 501(c)(3) Education

Highlands, NC

Total Revenue
$810,124
Total Expenses
$611,544
Total Assets
$906,838
Net Assets
$906,838
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NC
Phone
8285280863
Tax Period
2023-01-01 to 2023-12-31

Literacy Council of Highlands Inc, founded in 1997, is a small nonprofit in the Education sector that reported $810K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $199K, a strong 25% operating margin.

Mission

Enrich lives and expand the knowledge of children, adults and families through diverse educational programs that advance literacy in its many forms and to promote lifelong learning, which results in an informed and empowered community.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $720,577
Program Service Revenue $0
Investment Income $101
Other Revenue $89,446
TOTAL REVENUE $810,124

Expense Breakdown

Grants Paid $0
Salaries & Benefits $331,283
Fundraising Expenses $83,291
Program Expenses $373,830
Other Expenses $280,261
TOTAL EXPENSES $611,544

Year-over-Year Comparison

2023 2022 Change
Revenue $810,124 $473,896 +0.7%
Expenses $611,544 $419,698 +0.5%
Net Income $198,580 $54,198 +2.7%
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

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Governance

Voting Members
9
Independent Members
9
Employees
11
Volunteers
45

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
5
$83,873
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bonnie Potts Executive Director 40.00
Officer
$79,063 $4,810 $83,873
Kirk Dornbush Chair 10.00
Officer Director
$0 $0 $0
Mark Chmar Vice-Chair 10.00
Officer Director
$0 $0 $0
Robin Canady Treasurer 5.00
Officer Director
$0 $0 $0
Dawn Van Fleet Secretary 5.00
Officer Director
$0 $0 $0
Vickie Betts Board Member 5.00
Director
$0 $0 $0
John Golwen Board Member 5.00
Director
$0 $0 $0
Bob Lennon Board Member 5.00
Director
$0 $0 $0
Bill Lathem Board Member 5.00
Director
$0 $0 $0
Lisa Richards Board Member 5.00
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
2024 No data No data No data No data
2023 $810,124 $611,544 $906,838 $198,580
2022 $473,896 $419,698 $753,047 $54,198
2021 $391,307 $359,463 $735,026 $31,844
2020 $333,081 $338,228 $699,781 $-5,147
2019 $685,128 $339,395 $672,936 $345,733
2018 $387,025 $264,449 $329,190 $122,576
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