LAUREL COUNTY LITERACY COUNCIL INC (EIN 611102109) - 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

1988

Legal Domicile

Principal Officer

Tina Cook

Phone

6068789134

Tax Period

2023-07-01 to 2024-06-30

LAUREL COUNTY LITERACY COUNCIL INC, founded in 1988, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023.

Mission

The mission of Laurel County Adult Education is to provide adults with the opportunity to improve their basic skills in order to achieve personal, educational, and vocation goals.

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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 $1,254,542

Program Service Revenue $5,990

Investment Income $700

Other Revenue $0

TOTAL REVENUE $1,261,232

Expense Breakdown

Grants Paid $304,014

Salaries & Benefits $723,129

Fundraising Expenses $0

Program Expenses $1,170,900

Other Expenses $210,172

TOTAL EXPENSES $1,258,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,261,232	$1,185,931	+0.1%
Expenses	$1,258,199	$1,182,014	+0.1%
Net Income	$3,033	$3,917	-0.2%

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

$94,604

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tina Cook	Executive Director	40	Key Emp	$75,683	$0	$94,604
Jim Meding	Board Member	1	Director	$0	$0	$0
Melissa Conn	Treasurer	1	Officer Director	$0	$0	$0
Kathryn Hardman	Board Member	1	Director	$0	$0	$0
Elsa Spurlock	President	1	Officer Director	$0	$0	$0
Ryan Henderson	Board Member	1	Director	$0	$0	$0
Elizabeth Sparks	Secretary	1	Officer Director	$0	$0	$0
Franklin Stivers	Vice President	1	Officer Director	$0	$0	$0
Keith Early	Board Member	1	Director	$0	$0	$0
Leah Rudder	Board Member	1	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	No data	No data	No data	No data
2024	$1,261,232	$1,258,199	$216,113	$3,033
2023	$1,185,931	$1,182,014	$208,968	$3,917
2022	$867,197	$867,161	$201,557	$36
2021	$848,348	$869,588	$202,606	$-21,240

LAUREL COUNTY LITERACY COUNCIL INC