CAPE FEAR LITERACY COUNCIL

EIN: 581613254 501(c)(3) Education

WILMINGTON, NC

Total Revenue
$652,545
Total Expenses
$603,852
Total Assets
$1,818,008
Net Assets
$1,664,183
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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
1985
Principal Officer
YASMIN SHAH TOMKINSON
Phone
9102510911
Tax Period
2024-01-01 to 2024-12-31

CAPE FEAR LITERACY COUNCIL, founded in 1985, is a small nonprofit in the Education sector that reported $653K in total revenue in fiscal year 2024. Expenses of $604K left a modest 7% surplus.

Mission

TO PROVIDE PERSONALIZED EDUCATION SO ADULTS CAN TRANSFROM THEIR LIVES AND CONTRIBUTE TO A STRONGER COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $619,448
Program Service Revenue $0
Investment Income $35,074
Other Revenue $-1,977
TOTAL REVENUE $652,545

Expense Breakdown

Grants Paid $0
Salaries & Benefits $387,308
Fundraising Expenses $66,033
Program Expenses $448,533
Other Expenses $216,544
TOTAL EXPENSES $603,852

Year-over-Year Comparison

2024 2023 Change
Revenue $652,545 $655,738 0.0%
Expenses $603,852 $492,578 +0.2%
Net Income $48,693 $163,160 -0.7%
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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Governance

Voting Members
15
Independent Members
15
Employees
12
Volunteers
175

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
5
$60,226
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YASMIN SHAH TOMKINSON EXECUTIVE DI 30.00
Officer
$52,826 $7,400 $60,226
CAROLINE SCORZA PRESIDENT 1.00
Officer Director
$0 $0 $0
KATIE MEDINA VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ALONDRA VAZQUEZ JURADO SECRETARY 1.00
Officer Director
$0 $0 $0
KARIN CARSON TREASURER 1.00
Officer Director
$0 $0 $0
ANGELO WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
ANNA AVERITT BOARD MEMBER 1.00
Director
$0 $0 $0
CALEB RASH BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLINE GANN BOARD MEMBER 1.00
Director
$0 $0 $0
HANNAH MCGEE BOARD MEMBER 1.00
Director
$0 $0 $0
ISABELA LUJAN BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE SCHMIDT BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
MARRIO JETER BOARD MEMBER 1.00
Director
$0 $0 $0
MORGAN ARNOLD BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH STONE 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
2024 $652,545 $603,852 $1,818,008 $48,693
2023 $655,738 $492,578 $1,781,872 $163,160
2022 $558,731 $489,011 $1,623,159 $69,720
2021 $533,734 $427,871 $1,620,387 $105,863
2020 $468,375 $426,461 $1,583,509 $41,914
2019 $572,585 $446,217 $1,495,321 $126,368
2018 $513,494 $391,464 $1,388,041 $122,030
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