COMMUNITY LITERACY CENTERS INC

EIN: 731299581 501(c)(3)

OKLAHOMA CITY, OK

Total Revenue
$367,152
Total Expenses
$320,945
Total Assets
$294,396
Net Assets
$266,474
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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
OK
Principal Officer
SHARRON GLOVER
Phone
4055247323
Tax Period
2024-07-01 to 2025-06-30

COMMUNITY LITERACY CENTERS INC, founded in 1987, is a small nonprofit that reported $367K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $321K left a modest 13% surplus.

Mission

TO CHANGE LIVES BY INCREASING AWARENESS OF THE BENEFITS OF A MORE LITERATE COMMUNITY AND PROVIDING A WELCOMING ENVIRONMENT WHERE EVERY ADULT WHO WANTS TO READ HAS AN OPPORTUNITY TO LEARN. COMMUNITY LITERACY CENTERS (CLC) SERVED 737 ADULTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $298,221
Program Service Revenue $10,671
Investment Income $2,233
Other Revenue $56,027
TOTAL REVENUE $367,152

Expense Breakdown

Grants Paid $0
Salaries & Benefits $186,435
Fundraising Expenses $2,737
Program Expenses $238,928
Other Expenses $134,510
TOTAL EXPENSES $320,945

Year-over-Year Comparison

2024 2023 Change
Revenue $367,152 $304,119 +0.2%
Expenses $320,945 $397,507 -0.2%
Net Income $46,207 $-93,388 -1.5%
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

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Governance

Voting Members
11
Independent Members
11
Employees
30
Volunteers
39

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
5
$94,784
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARRON GLOVER PRESIDENT & 40.00
Officer
$94,784 $0 $94,784
ERIN D BATEY BOARD PRESID 0.50
Officer Director
$0 $0 $0
MICHAEL LEAKE BOARD VICE P 0.50
Officer Director
$0 $0 $0
JEFF JALBERT BOARD SECRET 0.50
Officer Director
$0 $0 $0
ROSIE DOMINIC BOARD TREASU 0.50
Officer Director
$0 $0 $0
ALICE BROOKSHIRE BOARD MEMBER 0.50
Director
$0 $0 $0
AMAZIAH DOM DOMINIC BOARD MEMBER 0.50
Director
$0 $0 $0
RENINA FORSHEE BOARD MEMBER 0.50
Director
$0 $0 $0
JACOB ROSECRANTS BOARD MEMBER 0.50
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 $367,152 $320,945 $294,396 $46,207
2024 $304,119 $397,507 $262,749 $-93,388
2023 $303,381 $392,077 $315,776 $-88,696
2022 $372,903 $374,191 $335,435 $-1,288
2021 $383,920 $404,914 $367,981 $-20,994
2020 $302,324 $390,406 $294,594 $-88,082
2020 $308,784 $396,866 $294,594 $-88,082
2019 $391,523 $318,213 $312,501 $73,310
2018 $335,210 $297,646 $239,191 $37,564
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