CHATHAM COUNTY LITERACY COUNCIL INC

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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

1988

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

CHATHAM COUNTY LITERACY COUNCIL INC, founded in 1988, is a small nonprofit that reported $415K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $362K left a modest 13% surplus.

Mission

TO HELP ADULTS, LIVING OR WORKING IN CHATHAM COUNTY, NORTH CAROLINA, ACQUIRE THE LITERACY AND EDUCATIONAL SKILLS THEY NEED TO FUNCTION SUCCESSFULLY IN SOCIETY

Program Service Accomplishments

Program 1

Expenses: $306,072

CHATHAM LITERACY TRANSFORMS LIVES IN THE FOLLOWING THREE AREAS: 1) TRADITIONAL LITERACY - IN WHICH WE HELP ADLULTS IMPROVE THEIR BASIC EDUCATION SUCH AS READING, WRIGHTING, AND MATH; TO PREPARE FOR THE GED OR HIGH SCHOOL DIPLOMA; TO ENROLL IN A VOCATIONAL DEFREE; OR TO READY THEMSELVES FOR TRAINING OPPORTUNITIES TO ADVANCE THEIR WORK. 2) CIVICS AND LANGUAGE LITERACY - IN WHICH WE TEACH ENGLISH LANGUAGE LEARNERS HOW TO SPEAK, READ, AND WRITE, AND UNDERSTAND ENGLISH; WE PREPARE ADULTS FOR THE CITIZENSHIP EXAM. 3) LIFE SKILLS LITERACY - IN WHICH WE PREPARE ADULTS FOR EXPECTATIONS AND NORMS IN TODAYS WORKPLACE; WE DO THAT BY OFFERING WORKFORCE SOFT SKILLS TRAINING, COMPUTER LITERACY AND FINANCIAL LITERACY IN CHATHAM COUNTY (PER 2016) CENSUS) 13.1% OF THE POPULATION OVER 25 YEARS OLD DO NOT HAVE A HIGH SCHOOL DEGREE AND 11.7% OF ADULTS LIVE BELOW THE POVERTY LINE, CHATHAM LITEACY IS AN ESTABLISHED, GROWING ORGANIZATION THAT IS PROVIDING MUCH NEEDED FREE AND INDIVIDUALIZED ADULT LITERACY SERVICES WITHIN CHATHAM COUNTY. TUTORING IS HELPING TO BUILD CONFIDENCE AND PRIDE IN OUR ADULT LEARNERS.. NOT OLY FOR THEMSELVES BUT ALSO FOR THEIR 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $404,026

Program Service Revenue $0

Investment Income $8,286

Other Revenue $3,025

TOTAL REVENUE $415,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,758

Fundraising Expenses $29,136

Program Expenses $306,072

Other Expenses $113,269

TOTAL EXPENSES $362,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$415,337	$341,298	+0.2%
Expenses	$362,027	$329,539	+0.1%
Net Income	$53,310	$11,759	+3.5%

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

$67,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKI NEWELL	EXECUTIVE DIRECTOR	40.00	Officer	$67,583	$0	$67,583
ED MCCRAW	DIRECTOR	0.00	Director	$0	$0	$0
TOM CRAIG	DIRECTOR	1.00	Director	$0	$0	$0
JASON REED	DIRECTOR	1.00	Director	$0	$0	$0
DINA REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
SHAVAUGHN ROSS	DIRECTOR	1.00	Director	$0	$0	$0
ALIRIO ESTEVEZ	DIRECTOR	1.00	Director	$0	$0	$0
PAM NAUGLE	DIRECTOR	1.00	Director	$0	$0	$0
BETH COULOMBE	DIRECTOR	1.00	Director	$0	$0	$0
LINDA NALITY	SECRETARY	1.00	Officer Director	$0	$0	$0
MILINDA MARSH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KURT LIBERATORE	TREASURER	1.00	Officer Director	$0	$0	$0
JIM NASS	CHAIR	1.00	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	No data	No data	No data	No data
2024	$415,337	$362,027	$358,830	$53,310
2023	$341,298	$329,539	$317,814	$11,759
2022	$258,795	$260,561	$269,523	$-1,766
2021	$347,370	$256,865	$274,111	$90,505
2020	$247,960	$238,111	$213,686	$9,849
2019	$242,844	$201,773	$174,154	$41,071