EARLY COUNTY LITERACY TASK FORCE (EIN 582058984) - 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

1994

Legal Domicile

Principal Officer

ERIN LEE

Phone

2297235122

Tax Period

2024-01-01 to 2024-12-31

EARLY COUNTY LITERACY TASK FORCE, founded in 1994, is a small nonprofit in the Education sector that reported $283K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $263K left a modest 7% surplus.

Mission

TO SUPPORT HEALTHY DECISIONS FOR CHILDREN AND YOUTH AND TO PROMOTE LITERACY AND FOCUS ON 0-8 YEAR OLDS.

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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 $282,919

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $282,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,723

Fundraising Expenses $0

Program Expenses $263,168

Other Expenses $158,445

TOTAL EXPENSES $263,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$282,919	$223,625	+0.3%
Expenses	$263,168	$246,784	+0.1%
Net Income	$19,751	$-23,159	-1.9%

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

$20,806

Total Directors

$20,806

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN LEE	EXECUTIVE DI	40.00	Officer Director	$20,806	$0	$20,806
CELIA BOSTWICK	VOLUNTEER	N/A	Director	$0	$0	$0
LORI CLENNEY	VOLUNTEER	N/A	Director	$0	$0	$0
BARBARA CRAWFORD	VOLUNTEER	N/A	Director	$0	$0	$0
DUANE DAVIS	VOLUNTEER	N/A	Director	$0	$0	$0
CATHY GREEN	VOLUNTEER	N/A	Director	$0	$0	$0
BERTHA O'NEAL	VOLUNTEER	N/A	Director	$0	$0	$0
TAMMY STOREY	CHAIRPERSON	N/A	Director	$0	$0	$0
ANGIE WILSON	TREASURER	N/A	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	$282,919	$263,168	$185,261	$19,751
2023	$223,625	$246,784	$165,899	$-23,159
2022	$228,480	$277,388	$189,152	$-48,908
2021	$351,761	$355,615	$241,253	$-3,854
2020	$464,871	$464,871	$713,946	No data

EARLY COUNTY LITERACY TASK FORCE