Learn to Read Council of Athens & L (EIN 630983470) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

RHONDA ANDREWS

Phone

2562303050

Tax Period

2024-01-01 to 2024-12-31

Learn to Read Council of Athens & L, founded in 1988, is a micro nonprofit that reported $78K in total revenue in fiscal year 2018. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 16% operating deficit.

Mission

To teach adults to readTo teach English to non-native speakersTutor reading and math skills to children

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $71,439

Program Service Revenue $660

Investment Income $2

Other Revenue $0

TOTAL REVENUE $72,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,618

Fundraising Expenses $258

Program Expenses $72,750

Other Expenses $47,316

TOTAL EXPENSES $89,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,101	$88,455	-0.2%
Expenses	$89,934	$99,035	-0.1%
Net Income	$-17,833	$-10,580	+0.7%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI WILSON	TREASURER	2.00	Director	$0	$0	$0
ANN MARGARET CHAPMAN	SECRETARY	2.00	Director	$0	$0	$0
PATRICIA HATCHETT	DIRECTOR	2.00	Director	$0	$0	$0
HAZEL WHITE	DIRECTOR	2.00	Director	$0	$0	$0
OLA STEELE	DIRECTOR	3.00	Director	$0	$0	$0
JOAN ORMAN	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH JACOBS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT ALCORN	PRESIDENT	2.00	Director	$0	$0	$0
CLIFFORD SMITH	DIRECTOR	2.00	Director	$0	$0	$0
BEVERLY TONEY	DIRECTOR	2.00	Director	$0	$0	$0
RHONDA ANDREWS	EXECUTIVE DIRECTOR	30.00	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
2024	$72,101	$89,934	$23,147	$-17,833
2023	$88,455	$99,035	$41,084	$-10,580
2022	$77,192	$86,314	$51,721	$-9,122
2021	$99,747	$80,725	$60,895	$19,022
2020	$63,555	$83,028	$41,679	$-19,473
2019	$83,563	$91,971	$61,346	$-8,408
2018	$77,894	$90,160	$69,256	$-12,266

Learn to Read Council of Athens & L