SOUTHERN LIT ALLIANCE

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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

1954

Legal Domicile

Principal Officer

CHELSEA RISLEY

Phone

4232671218

Tax Period

2024-07-01 to 2025-06-30

SOUTHERN LIT ALLIANCE, founded in 1954, is a micro nonprofit that reported $59K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $150K represent 31 months of operating reserves.

Mission

PROVIDE LITERARY ARTS PROGRAMS THAT ENCOURAGE YOUNG PEOPLE AND ADULTS IN A LIFE-LONG LOVE OF READING, WRITING AND COMMUNITY CONVERSATION

Program Service Accomplishments

Program 1

Expenses: $38,431

CELEBRATES SOUTHERN WRITERS AND READERS THROUGH COMMUNITY EDUCATION AND INNOVATIVE LITERARY ARTS EXPERIENCES.

Program 2

Expenses: $9,190

DRAMAS FOR YOUTH (THEATRE EXPRESS) PROVIDES LIVE PROFESSIONAL PERFORMANCES FOR STUDENTS GRADES K-12 FOR LOCAL SCHOOLS.

Program 3

Expenses: $2,548 Revenue: $3,394

LOCAL AUTHOR BOOK LAUNCH

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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 $47,385

Program Service Revenue $3,394

Investment Income $7,976

Other Revenue $68

TOTAL REVENUE $58,823

Expense Breakdown

Grants Paid $6,900

Salaries & Benefits $28,773

Fundraising Expenses $1,438

Program Expenses $50,169

Other Expenses $28,941

TOTAL EXPENSES $64,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,823	$76,402	-0.2%
Expenses	$64,614	$101,424	-0.4%
Net Income	$-5,791	$-25,022	-0.8%

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

$51,791

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM MICKEL	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIAN BAKER	TREASURER	2.00	Officer Director	$0	$0	$0
OSCAR BROCK	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
KATRINA CLARK	SECRETARY	2.00	Officer Director	$0	$0	$0
KB BALLENTINE	DIRECTOR	2.00	Director	$0	$0	$0
VICTORIA BRYAN	DIRECTOR	2.00	Director	$0	$0	$0
SUSIE FRIES	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE GOFF	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HAWBAKER	DIRECTOR	2.00	Director	$0	$0	$0
JOEL HENDERSON	DIRECTOR	2.00	Director	$0	$0	$0
J ED MARSTON	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN SEIFERTH	DIRECTOR	2.00	Director	$0	$0	$0
CHELSEA RISLEY	EXECUTIVE DIRECTOR	40.00	Officer	$51,791	$0	$51,791

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	$58,823	$64,614	$150,009	$-5,791
2024	$76,402	$101,424	$164,767	$-25,022
2023	$114,190	$147,194	$193,315	$-33,004
2022	$172,455	$150,556	$224,233	$21,899
2021	$125,759	$109,226	$238,472	$16,533
2020	$136,034	$140,920	$206,157	$-4,886