THE LITERACY CENTER (EIN 570727884) - 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

1973

Legal Domicile

Principal Officer

KIMBERLY HALL

Phone

8437578000

Tax Period

2021-01-01 to 2021-12-31

THE LITERACY CENTER, founded in 1973, is a small nonprofit that reported $205K in total revenue in fiscal year 2021. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $242K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO INCREASE ADULT LITERACY BY PROVIDING LEADERSHIP, CREATING AWARENESS, AND OFFERING QUALITY INSTRUCTIONAL SERVICES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $197,975

Program Service Revenue $5,765

Investment Income $924

Other Revenue $0

TOTAL REVENUE $204,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,587

Fundraising Expenses $0

Program Expenses $193,758

Other Expenses $110,427

TOTAL EXPENSES $242,014

Year-over-Year Comparison

	2021	2020	Change
Revenue	$204,664	$540,912	-0.6%
Expenses	$242,014	$440,024	-0.4%
Net Income	$-37,350	$100,888	-1.4%

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
DON BRASHEARS	CHAIR	2.00	Officer Director	$0	$0	$0
DEDRIA CRUDEN	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY HALL	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
DR GLORIA HOLMES	DIRECTOR	2.00	Director	$0	$0	$0
SANSING MCPHERSON	DIRECTOR	2.00	Director	$0	$0	$0
LINDA PETERSON	TREASURER	2.00	Officer Director	$0	$0	$0
CHERYL RIDDELL	SECRETARY	2.00	Officer Director	$0	$0	$0
ALLAN SCHOENBERGER	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
MARTY SCHWARTZ	DIRECTOR	2.00	Director	$0	$0	$0
RANDY SMITH	DIRECTOR	2.00	Director	$0	$0	$0
DR MARK SPURLING	DIRECTOR	2.00	Director	$0	$0	$0
BRADFORD STEELE	EXECUTIVE DI	2.00	Officer	$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
2021	$204,664	$242,014	No data	$-37,350
2020	$540,912	$440,024	$569,484	$100,888
2019	$515,065	$412,348	$260,781	$102,717
2018	$269,846	$329,009	$161,744	$-59,163

THE LITERACY CENTER