Literacy Council of Williamson Cou… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

Kimberly Goode

Phone

5128690497

Tax Period

2021-01-01 to 2021-12-31

Literacy Council of Williamson County, founded in 1985, is a small nonprofit that reported $290K in total revenue in fiscal year 2021. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $384K exceeded revenue, resulting in a 32% operating deficit.

Mission

Improving community lives through adult literacy education.

Program Service Accomplishments

Program 1

Expenses: $291,388 Revenue: $1,338

The Council provides literacy assessment and tutoring services to individuals utilizing volunteer and trained staff. The Council also received noncash benefit on the use of its various facilities...

The Council provides literacy assessment and tutoring services to individuals utilizing volunteer and trained staff. The Council also received noncash benefit on the use of its various facilities valued at $263,760 (based on the FMV rent rate for similar properties).

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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 $287,798

Program Service Revenue $1,338

Investment Income $892

Other Revenue $0

TOTAL REVENUE $290,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,030

Fundraising Expenses $6,890

Program Expenses $291,388

Other Expenses $277,825

TOTAL EXPENSES $383,855

Year-over-Year Comparison

	2021	2020	Change
Revenue	$290,028	$462,619	-0.4%
Expenses	$383,855	$400,566	0.0%
Net Income	$-93,827	$62,053	-2.5%

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

136

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

$53,455

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Gilchrist	President	1.00	Officer Director	$0	$0	$0
Shawn Utterback	Vice President	1.00	Officer Director	$0	$0	$0
Trisha Blake	Secretary	1.00	Officer Director	$0	$0	$0
Angela Wisecarver	Treasurer	1.00	Officer Director	$0	$0	$0
Chasity Hattey	Member	1.00	Director	$0	$0	$0
Crystal McAnally	Member	1.00	Director	$0	$0	$0
Jody Patterson	Member	1.00	Director	$0	$0	$0
Javvi Lewis	Member	1.00	Director	$0	$0	$0
Gayleen Duncan	Member	1.00	Director	$0	$0	$0
Kimberly Goode	Executive Director	40.00	Officer	$53,455	$0	$53,455

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	$290,028	$383,855	$25,258	$-93,827
2020	$462,619	$400,566	$117,071	$62,053
2019	$218,375	$302,646	$44,814	$-84,271
2018	$300,105	$314,445	$122,076	$-14,340

Literacy Council of Williamson County