North Carolina Reading Association

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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

Legal Domicile

Principal Officer

Lisa Llewellyn

Phone

7048160541

Tax Period

2024-06-01 to 2025-05-31

North Carolina Reading Association is a small nonprofit in the Education sector that reported $126K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

To promote reading for children in North Carolina.

Program Service Accomplishments

Program 1

Expenses: $96,116 Revenue: $95,257

Annual state conference attended by approximately 1000 educators and others interested in improving reading instruction and advancement of reading for North Carolina children.

Program 2

Expenses: $6,143 Revenue: $1,392

Hard copies and electronic versions of newsletters and other member- generated publications provided free or at nominal prices to members and other educators.

Program 3

Expenses: $4,173

Leadership training for local chapter leaders and officers (approximately 100 individuals) to further the Association purposes at the local chapter level.

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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 $10,200

Program Service Revenue $113,137

Investment Income $2,266

Other Revenue $0

TOTAL REVENUE $125,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,432

Other Expenses $130,860

TOTAL EXPENSES $130,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,603	$133,260	-0.1%
Expenses	$130,860	$116,020	+0.1%
Net Income	$-5,257	$17,240	-1.3%

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

1000

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
SHANNON LAWRENCE	Treasurer	10.00	Officer	$0	$0	$0
LISA L MCINTOSH	President	0.00	Officer	$0	$0	$0
HEIDI PEREZ	Presidentelect	0.00	Officer	$0	$0	$0
HILLER SPIRES	Vice President	0.00	Officer	$0	$0	$0
LSUREN JOHNSON	Secretary	0.00	Officer	$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	$125,603	$130,860	$206,975	$-5,257
2024	$133,260	$116,020	$212,232	$17,240
2023	$186,890	$133,659	$194,992	$53,231
2022	$97,311	$27,059	$141,762	$70,252