Augustine Literacy Project - Charlotte (EIN 830822641) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

Steve Hall

Phone

7047496162

Tax Period

2024-07-01 to 2025-06-30

Augustine Literacy Project - Charlotte, founded in 2019, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 9% surplus.

Mission

The mission of ALP is to improve the reading, writing, and spelling skills of young, aspiring readers in under-resourced communities by providing free, long-term, one-on-one instruction from highly trained tutors.

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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 $2,453,694

Program Service Revenue $0

Investment Income $24,483

Other Revenue $4,235

TOTAL REVENUE $2,482,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,258,972

Fundraising Expenses $312,281

Program Expenses $1,813,642

Other Expenses $999,019

TOTAL EXPENSES $2,257,991

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,482,412	$1,670,649	+0.5%
Expenses	$2,257,991	$1,850,800	+0.2%
Net Income	$224,421	$-180,151	-2.2%

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

341

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

$123,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Hall	Executive Dir.	40.00	Officer	$120,000	$3,600	$123,600
Rebecca Drendel	Chair	10.00	Officer Director	$0	$0	$0
Annette Dreyer	Develop. Chair	2.00	Officer Director	$0	$0	$0
Steve Larson	Treasurer	2.00	Officer Director	$0	$0	$0
Rick Hudson	Secretary	2.00	Officer Director	$0	$0	$0
Lauren Hood	Govern. Chair	2.00	Director	$0	$0	$0
Dorothy McGavran	Director	2.00	Director	$0	$0	$0
Don Olmstead	Director	2.00	Director	$0	$0	$0
Krista Scavone	Director	2.00	Director	$0	$0	$0
John Spencer	Director	2.00	Director	$0	$0	$0
Richard Bates	Director	2.00	Director	$0	$0	$0
Faith Hamilton	Director	2.00	Director	$0	$0	$0
Kristen Howard	Director	2.00	Director	$0	$0	$0
Mike Blair	Past Chair	2.00	Director	$0	$0	$0
Julie Warner	Director	2.00	Director	$0	$0	$0
Ted Wolfe	Director	2.00	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	$2,482,412	$2,257,991	$1,343,912	$224,421
2024	$1,670,649	$1,850,800	$1,059,753	$-180,151
2023	$1,418,445	$1,426,726	$1,205,923	$-8,281
2022	$1,592,243	$1,340,018	$1,172,884	$252,225
2021	$1,166,120	$911,481	$967,824	$254,639
2020	$694,912	$630,592	$704,482	$64,320
2019	$598,563	$448,106	$643,248	$150,457

Augustine Literacy Project - Charlotte