GREENVILLE LITERACY ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

VICTORIA TERESA NOVAK

Phone

8644673456

Tax Period

2023-07-01 to 2024-06-30

GREENVILLE LITERACY ASSOCIATION, founded in 1970, is a small nonprofit in the Education sector that reported $783K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Net assets of $1.6M represent 24 months of operating reserves.

Mission

THE MISSION OF THE GREENVILLE LITERACY ASSOCIATION IS TO ENRICH OUR COMMUNITY BY INCREASING THE LITERACY AND EMPLOYABILITY OF THE CITIZENS OF GREENVILLE COUNTY.

Program Service Accomplishments

Program 1

Expenses: $578,432 Revenue: $48,596

FOR MORE THAN 60 YEARS, THE GREENVILLE LITERACY ASSOCIATION (GLA) HAS OFFERED ADULT BASIC EDUCATION INSTRUCTION TO ADULTS ON ALL LITERACY LEVELS WHO SEEK TO IMPROVE THEIR BASIC EDUCATION SKILLS...

FOR MORE THAN 60 YEARS, THE GREENVILLE LITERACY ASSOCIATION (GLA) HAS OFFERED ADULT BASIC EDUCATION INSTRUCTION TO ADULTS ON ALL LITERACY LEVELS WHO SEEK TO IMPROVE THEIR BASIC EDUCATION SKILLS. TRAINED VOLUNTEER TUTORS LEAD ONE-ON-ONE OR SMALL GROUP SESSIONS IN MATH, LANGUAGE ARTS, SOCIAL STUDIES, SCIENCE AND WORKKEYS IN PREPARATION FOR THEIR HIGH SCHOOL EQUIVALENCY TEST AND A WORKKEYS CAREER READINESS CERTIFICATION. GLA ALSO PROVIDES INFORMATION AND CLASSES IN WORKFORCE PREPARATION. IN ADDITION TO BASIC COMPUTER LITERACY, THE ADULT LEARNERS MAY STUDY ON A VARIETY OF EDUCATIONAL SOFTWARE TO REINFORCE THE CLASSROOM LESSONS.

Program 2

THE ENGLISH AS A SECOND LANGUAGE (ESL) PROGRAM AT GLA PROVIDES OPPORTUNITIES FOR NON-ENGLISH SPEAKERS, RESIDING IN GREENVILLE COUNTY, TO IMPROVE THEIR ENGLISH LANGUAGE PROFICIENCY. GLA OFFERS...

THE ENGLISH AS A SECOND LANGUAGE (ESL) PROGRAM AT GLA PROVIDES OPPORTUNITIES FOR NON-ENGLISH SPEAKERS, RESIDING IN GREENVILLE COUNTY, TO IMPROVE THEIR ENGLISH LANGUAGE PROFICIENCY. GLA OFFERS LEVEL-APPROPRIATE SMALL GROUP SESSIONS LED BY TRAINED COMMUNITY VOLUNTEERS. CLASSES ARE STRUCTURED AS A TOTAL ENGLISH IMMERSION. WITH FLEXIBLE SCHEDULES, PRONUNCIATION GROUPS AND CONVERSATION GROUPS, ADULTS HAVE MULTIFACETED PROGRAMS THROUGH WHICH TO IMPROVE THEIR DAILY ENGLISH LISTENING AND SPEAKING SKILLS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $599,899

Program Service Revenue $48,596

Investment Income $12,888

Other Revenue $121,177

TOTAL REVENUE $782,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $527,726

Fundraising Expenses $56,880

Program Expenses $578,432

Other Expenses $282,785

TOTAL EXPENSES $810,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$782,560	$837,137	-0.1%
Expenses	$810,511	$790,859	+0.0%
Net Income	$-27,951	$46,278	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

200

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

$63,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTORIA TERESA NOVAK	EXECUTIVE DI	40.00	Officer	$63,333	$0	$63,333
RAFAEL HERNANDEZ ALICEA	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA ALLENDORF	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLYSON BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK CHERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
MEAGAN COLLINS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOANNA G COOPER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LAKEIA HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
RONNIE MCCARRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON OWEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN POTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH ROSER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAINA SCHNIPKE	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
AMBER WILSON	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
2025	No data	No data	No data	No data
2024	$782,560	$810,511	$1,704,879	$-27,951
2024	$782,560	$810,511	$1,704,879	$-27,951
2023	$837,137	$790,859	$1,557,943	$46,278
2022	$843,116	$691,208	$1,469,123	$151,908
2021	$767,976	$640,637	$1,581,196	$127,339
2020	$734,028	$712,522	$1,232,000	$21,506
2019	$696,958	$743,578	$1,176,611	$-46,620