Tunica County Literacy Council Inc (EIN 640756631) - 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

1987

Legal Domicile

Principal Officer

Lou Erwin

Phone

6623632493

Tax Period

2021-01-01 to 2021-12-31

Tunica County Literacy Council Inc, founded in 1987, is a micro nonprofit that reported $1K in total revenue in fiscal year 2021. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $16K exceeded revenue, resulting in a 1482% operating deficit.

Mission

PROMOTING ADULT LITERACY AND CHILD DEVELOPMENT IN TUNICA COUNTY, MISSISSIPPI.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,030

Program Service Revenue $0

Investment Income $13

Other Revenue $0

TOTAL REVENUE $1,043

Expense Breakdown

Grants Paid $15,173

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,498

Other Expenses $1,325

TOTAL EXPENSES $16,498

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,043	$16,225	-0.9%
Expenses	$16,498	$78,607	-0.8%
Net Income	$-15,455	$-62,382	-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

N/A

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
Nancy Burchfield	Secretary	1.00	Officer Director	$0	$0	$0
Lou Erwin	Treasurer	1.00	Officer Director	$0	$0	$0
Rev Larry Maugh	Director	1.00	Director	$0	$0	$0
Ruby Crawford	Director	1.00	Director	$0	$0	$0
Lee Turner	President	1.00	Officer Director	$0	$0	$0
Beatrice Peace	Director	1.00	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
2021	$1,043	$16,498	No data	$-15,455
2020	$16,225	$78,607	$16,314	$-62,382
2019	$68,055	$114,377	$81,081	$-46,322

Tunica County Literacy Council Inc