Literacy Council of Union County

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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

2000

Legal Domicile

Principal Officer

Barbara Rein

Tax Period

2018-07-01 to 2019-06-30

Literacy Council of Union County, founded in 2000, is a small nonprofit that reported $108K in total revenue in fiscal year 2018. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $233K exceeded revenue, resulting in a 116% operating deficit.

Mission

Equip clients with critical reading and English communication skills that prepare them to be in the local workforce and contribute to civic life.

Program Service Accomplishments

Program 1

Expenses: $189,986

Instruction to low literacy adults to equip clients with critical reading and English communication skills that prepare them for the workforce and to contribute to civic life.

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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 (2018)

Revenue Breakdown

Contributions & Grants $107,680

Program Service Revenue $0

Investment Income $0

Other Revenue $130

TOTAL REVENUE $107,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,860

Fundraising Expenses $22,166

Program Expenses $189,986

Other Expenses $75,017

TOTAL EXPENSES $232,877

Year-over-Year Comparison

	2018	2017	Change
Revenue	$107,810	$315,199	-0.7%
Expenses	$232,877	$193,618	+0.2%
Net Income	$-125,067	$121,581	-2.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lindsay Shuford	Secretary	1.00	Officer Director	$0	$0	$0
Dion Mapp	Board Member	1.00	Director	$0	$0	$0
Dale Morefield	Board Member	1.00	Director	$0	$0	$0
Barbara Rein	Chairman	2.00	Officer Director	$0	$0	$0
Bob Wetteroff	Treasurer	2.00	Officer Director	$0	$0	$0
David Rogers	Board Member	1.00	Director	$0	$0	$0
Tyvonia Eaton Mervin	Board Member	1.00	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
2019	$107,810	$232,877	$67,713	$-125,067
2019	$124,867	$232,877	$67,713	$-108,010
2018	$316,323	$204,152	$202,482	$112,171
2018	$315,199	$193,618	$200,477	$121,581