COMMUNITY LITERACY CENTERS INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $238,928 Revenue: $10,671

L.E.A.P. (LEARNING, ENRICHING, ACHIEVING, PREPARING) - COOPERATIVE PARTNERSHIPS ARE FORMED WITH VARIOUS OKLAHOMA COUNTY AGENCIES TO PROVIDE LITERACY SERVICES TO AGENCY CLIENTS AND ADULTS (18 YEARS OF AGE OR OLDER) IN THE SURROUNDING COMMUNITY. CLASSES ARE CONDUCTED AT EACH PARTNER SITE AND INCLUDE: ADULT BASIC EDUCATION (ABE) ENGLISH AS A SECOND LANGUAGE (ESL) U.S. CITIZENSHIP AND/OR HIGH SCHOOL EQUIVALENCY (HSE) INSTRUCTION WORKPLACE LEARNING SOLUTIONS IS A FEE-FOR-SERVICE THAT IMPLEMENTS ABE, ESL OR HSE INSTRUCTION ON SITE AT LOCAL BUSINESSES AND TUTOR TRAINING (ENRICHMENT OPPORTUNITIES FOR TUTORS AND INSTRUCTIONAL STAFF) ARE ALSO ENCOMPASSED WITHIN THE LEAP PROGRAM. THE ORGANIZATION PROVIDES CERTIFIED INSTRUCTORS, TRAINED VOLUNTEER TUTORS, AND ADDITIONAL STUDY RESOURCES. PARTNER AGENCIES PROVIDE CLASSROOM SPACE, A WHITEBOARD AND/OR SMARTBOARD, ACCESS TO OFFICE EQUIPMENTT, AND A LIASION.

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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 $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

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

$94,784

Total Directors

Key Employees

Highest Compensated

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