ROWAN 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

Principal Officer

CHRISTINA RARY

Phone

7042168266

Tax Period

2024-01-01 to 2024-12-31

ROWAN COUNTY LITERACY COUNCIL INC is a small nonprofit in the Education sector that reported $260K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 24% operating margin.

Mission

IMPROVING THE LIVES OF ADULTS, YOUTH AND FAMILIES BY ENHANCING LITERACY AND LIFE SKILLS

Program Service Accomplishments

Program 1

Expenses: $149,289

PROVIDED INSTRUCTION TO ROWAN COUNTY RESIDENTS PRIMARILY THROUGH FOCUSING ON FREE AND CONFIDENTIAL ONE ON ONE (AND/OR SMALL GROUP) TUTORING BY TRAINED VOLUNTEER TUTORS.

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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 $255,970

Program Service Revenue $0

Investment Income $3,570

Other Revenue $0

TOTAL REVENUE $259,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,253

Fundraising Expenses $20,083

Program Expenses $149,289

Other Expenses $66,959

TOTAL EXPENSES $198,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,540	$161,647	+0.6%
Expenses	$198,212	$183,571	+0.1%
Net Income	$61,328	$-21,924	-3.8%

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

$62,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON DOBY	PRESIDENT	0.00	Officer Director	$0	$0	$0
DANIEL WALLACE	VICE PRESIDE	0.00	Officer Director	$0	$0	$0
MACON STEWART	SECRETARY	0.00	Officer Director	$0	$0	$0
CAROL LEWIS	TREASURER	0.00	Officer Director	$0	$0	$0
ANA LIVIA AVILA ARANIBA	DIRECTOR	0.00	Director	$0	$0	$0
KAISHA BROWN	DIRECTOR	0.00	Director	$0	$0	$0
TERESA OCHOA COFER	DIRECTOR	0.00	Director	$0	$0	$0
DAVIAN ELLISON	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT MADDOX	DIRECTOR	0.00	Director	$0	$0	$0
VINCIA BENJAMIN MILLER	DIRECTOR	0.00	Director	$0	$0	$0
KAREN PUCKETT	DIRECTOR	0.00	Director	$0	$0	$0
ALISSA REDMOND	DIRECTOR	0.00	Director	$0	$0	$0
LAUREL HARRY	PRIOR EXEC D	40.00	Officer	$28,942	$0	$28,942
CHRISTINA RARY	EXECUTIVE DI	40.00	Officer	$33,808	$0	$33,808

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	$259,540	$198,212	$353,271	$61,328