Greensboro Literary Organization

EIN: 821231324 501(c)(3) Arts, Culture & Humanities

Greensboro, NC

Total Revenue
$312,599
Total Expenses
$317,715
Total Assets
$220,141
Net Assets
$220,141
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NC
Principal Officer
Stephen Colyer
Phone
3057909127
Tax Period
2024-01-01 to 2024-12-31

Greensboro Literary Organization, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

| Explanation:| The Greensboro Literary Organizations purpose is to promote an appreciation of contemporary literature and educate the public regarding literature by bringing authors to Guilford County NC as a celebration of reading writing and spoken word. Year-round programming will culminate in an annual multi-day festival bringing over fifty authors over a weekend. This will include an array of programs geared to all age levels. A significant facet of the year-round programming will also be to bring authors to Guilford County Schools to meet with students.

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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 $311,034
Program Service Revenue $0
Investment Income $1,565
Other Revenue $0
TOTAL REVENUE $312,599

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $267,668
Other Expenses $317,715
TOTAL EXPENSES $317,715

Year-over-Year Comparison

2024 2023 Change
Revenue $312,599 $238,236 +0.3%
Expenses $317,715 $263,450 +0.2%
Net Income $-5,116 $-25,214 -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

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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
16
Independent Members
16
Employees
N/A
Volunteers
200

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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lynn Wooten Chair 15.00
Officer Director
$0 $0 $0
Stephen Colyer Vice Chair 15.00
Officer Director
$0 $0 $0
Waiyi Tse Secretary 15.00
Officer Director
$0 $0 $0
Guylaine Renaud Treasurer 15.00
Officer Director
$0 $0 $0
Martin Acevedo Director 1.00
Director
$0 $0 $0
Hattie Aderholdt Director 1.00
Director
$0 $0 $0
Brigitte Blanton Director 1.00
Director
$0 $0 $0
Ty Buckner Director 1.00
Director
$0 $0 $0
Mona Gillis Edwards Director 1.00
Director
$0 $0 $0
Jennifer Feather Director 1.00
Director
$0 $0 $0
Angie Gunn Director 1.00
Director
$0 $0 $0
Barbara Halbert Director 1.00
Director
$0 $0 $0
Nancy Hoffmann Director 1.00
Director
$0 $0 $0
Harvey Long Director 1.00
Director
$0 $0 $0
Dabney Sanders Director 1.00
Director
$0 $0 $0
Angie Smits 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
2025 No data No data No data No data
2024 $312,599 $317,715 $220,141 $-5,116
2023 $238,236 $263,450 $223,884 $-25,214
2022 $273,200 $206,127 $249,098 $67,073
2021 $232,890 $136,195 $182,025 $96,695
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