CRAVEN LITERACY COUNCIL

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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

1989

Legal Domicile

Principal Officer

DWIGHT CARLBLOM

Phone

2526378079

Tax Period

2024-07-01 to 2025-06-30

CRAVEN LITERACY COUNCIL, founded in 1989, is a small nonprofit that reported $208K in total revenue in fiscal year 2024. Expenses of $177K left a modest 15% surplus.

Mission

BUILDING LITERACY SKILLS TO EMPOWER ADULTS AND FAMILIES TO IMPROVE LIVES

Program Service Accomplishments

Program 1

Expenses: $176,467 Revenue: $368

CRAVEN LITERACY COUNCIL PROVIDED FREE, INDIVIDUALIZED TUTORING SERVICES AND MATERIALS (FOR BOTH BASIC LITERACY AND ENGLISH FOR SPEAKERS OF OTHER LANGUAGES) TO 136 STUDENTS OF CRAVEN, JONES AND...

CRAVEN LITERACY COUNCIL PROVIDED FREE, INDIVIDUALIZED TUTORING SERVICES AND MATERIALS (FOR BOTH BASIC LITERACY AND ENGLISH FOR SPEAKERS OF OTHER LANGUAGES) TO 136 STUDENTS OF CRAVEN, JONES AND PAMLICO COUNTIES WHO WANTED TO IMPROVE THEIR BASIC SKILLS . CLC RECRUITED, TRAINED AND/OR PROVIDED SUPPORT TO 75 VOLUNTEER TUTORS AND 38 OTHER VOLUNTEERS WHO PROVIDED THESE FREE SERVICES. CLC'S TUTORS PROVIDED 3,783 HOURS OF INSTRUCTION TO STUDENTS FREE OF CHARGE.

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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 $204,711

Program Service Revenue $368

Investment Income $3,073

Other Revenue $0

TOTAL REVENUE $208,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,686

Fundraising Expenses $0

Program Expenses $176,467

Other Expenses $67,531

TOTAL EXPENSES $177,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$208,152	$205,574	+0.0%
Expenses	$177,217	$182,219	0.0%
Net Income	$30,935	$23,355	+0.3%

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

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
KAREN SEGAL	SECRETARY	2.00	Officer Director	$0	$0	$0
MORGAN CRISP	COO	5.00	Officer Director	$0	$0	$0
MICHAEL MURRIE	DIRECTOR	1.00	Director	$0	$0	$0
MARY RINGWALT	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
LINDSY KIEVIT	DIRECTOR	1.00	Director	$0	$0	$0
BILL RIVENBARK	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE PROCTOR	DIRECTOR	1.00	Director	$0	$0	$0
REESHEMA WALKER	DIRECTOR	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
2025	$208,152	$177,217	$273,109	$30,935
2024	$205,574	$182,219	$241,432	$23,355
2023	$205,034	$179,363	$218,530	$25,671
2022	$198,848	$153,981	$194,609	$44,867
2021	$212,299	$151,611	$167,650	$60,688