GASTON LITERACY COUNCIL INC (EIN 581665789) - 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

1964

Legal Domicile

Principal Officer

DEANA MURPHY

Phone

7048684815

Tax Period

2024-07-01 to 2025-06-30

GASTON LITERACY COUNCIL INC, founded in 1964, is a small nonprofit that reported $329K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $410K exceeded revenue, resulting in a 25% operating deficit.

Mission

INCREASE LITERACY IN GASTON COUNTY BY PROVIDING BASIC SKILLS ASSESSMENTS, INSTRUCTION AND MATERIALS TO STUDENTS, AND TUTOR TRAINING AND MATERIALS TO VOLUNTEERS.

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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 $324,067

Program Service Revenue $0

Investment Income $1,744

Other Revenue $3,076

TOTAL REVENUE $328,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $310,851

Fundraising Expenses $3,760

Program Expenses $345,850

Other Expenses $98,882

TOTAL EXPENSES $409,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$328,887	$411,347	-0.2%
Expenses	$409,733	$363,605	+0.1%
Net Income	$-80,846	$47,742	-2.7%

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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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

$66,458

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULINE STYERS	CHAIR	1.00	Officer Director	$0	$0	$0
DONNA LOCKETT	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
JANE PEARSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LUCILLE RINEHART	SECRETARY	1.00	Officer Director	$0	$0	$0
LAUREL MORRIS	TREASURER	1.00	Officer Director	$0	$0	$0
ANA BARRETO-MATHEWS	DIRECTOR	1.00	Director	$0	$0	$0
MARY ROBIN BELL	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN BOYCE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BROWNE	DIRECTOR	1.00	Director	$0	$0	$0
JAMI GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM GROSS	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA GRAVELY HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTA HEILIG	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MCLEAN LEVY	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE MINNICH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA SADLER	DIRECTOR	1.00	Director	$0	$0	$0
JASON SHOEMAKER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN STACEY	DIRECTOR	1.00	Director	$0	$0	$0
BETH STANFORTH	DIRECTOR	1.00	Director	$0	$0	$0
REGINA TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
DEANA MURPHY	EXECUTIVE DI	40.00	Officer	$66,458	$0	$66,458

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	$328,887	$409,733	$107,981	$-80,846
2024	$411,347	$363,605	$188,100	$47,742
2023	$310,753	$328,857	$141,111	$-18,104
2022	$319,965	$318,199	$160,225	$1,766
2021	$366,828	$314,945	$159,414	$51,883
2020	$353,735	$401,608	$165,083	$-47,873
2019	$434,501	$381,104	$158,181	$53,397

GASTON LITERACY COUNCIL INC