HOKE COUNTY READING LITERACY (EIN 581365110) - 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

1978

Legal Domicile

Principal Officer

TRACY FERGUSON

Phone

9108752145

Tax Period

2024-07-01 to 2025-06-30

HOKE COUNTY READING LITERACY, founded in 1978, is a micro nonprofit in the Education sector that reported $26K in total revenue in fiscal year 2024. Expenses of $28K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO TEACH ILLITERATE PERSONS OF HOKE COUNTY TO READ.

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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 (2024)

Revenue Breakdown

Contributions & Grants $25,307

Program Service Revenue $200

Investment Income $5

Other Revenue $0

TOTAL REVENUE $25,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,345

Other Expenses $28,345

TOTAL EXPENSES $28,345

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,512	$25,728	0.0%
Expenses	$28,345	$15,954	+0.8%
Net Income	$-2,833	$9,774	-1.3%

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

N/A

Volunteers

N/A

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
TRACY FERGUSON	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
GILBERT JOHNSON	MEMBER	0.00	Officer	$0	$0	$0
RODNEY FAIRLEY	MEMBER	0.00	Officer	$0	$0	$0
MARY ANN TIMMONS	MEMBER	0.00	Officer	$0	$0	$0
DORTHY MCLAUGHLIN	MEMBER	0.00	Officer	$0	$0	$0
NANCY JOHNSON	MEMBER	0.00	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
2025	$25,512	$28,345	$40,296	$-2,833
2024	$25,728	$15,954	$46,116	$9,774
2023	$18,882	$24,331	$36,342	$-5,449
2022	$12,980	$15,643	$43,614	$-2,663
2021	$19,584	$17,043	$46,277	$2,541
2020	$18,288	$14,235	$43,736	$4,053
2018	$39,790	$18,467	$41,039	$21,323

HOKE COUNTY READING LITERACY