Literacy Council of Sumner County (EIN 581559444) - 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

1983

Legal Domicile

Principal Officer

Bryan Jones Jones

Phone

6158228112

Tax Period

2021-01-01 to 2021-12-31

Literacy Council of Sumner County, founded in 1983, is a micro nonprofit that reported $45K in total revenue in fiscal year 2021. Expenses of $70K exceeded revenue, resulting in a 56% operating deficit.

Mission

Promote awareness of need to adults with underdeveloped skills in reading, writing, mathematics and English. Provide volunteer tutors to youth and adults around Sumner County with underdeveloped skills in reading, writing, mathematics and English.

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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 $44,734

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $44,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,532

Fundraising Expenses $0

Program Expenses $63,727

Other Expenses $34,150

TOTAL EXPENSES $69,682

Year-over-Year Comparison

	2021	2020	Change
Revenue	$44,734	$46,674	0.0%
Expenses	$69,682	$69,767	0.0%
Net Income	$-24,948	$-23,093	+0.1%

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

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
Bryan Jones	Treasurer	005.00	Officer	$0	$0	$0
Cecily Galanopoulos	President	005.00	Officer	$0	$0	$0
Emily McCormick	Co-Chair	005.00	Officer	$0	$0	$0
Jason Stewart	Secretary	005.00	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	$44,734	$69,682	$2,344	$-24,948
2020	$46,674	$69,767	$29,637	$-23,093
2019	$68,971	$76,927	$37,125	$-7,956
2018	$81,382	$66,722	$44,253	$14,660

Literacy Council of Sumner County