Family 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

1995

Legal Domicile

Principal Officer

Erik Weierholt

Phone

8014269970

Tax Period

2024-07-01 to 2025-06-30

Family Literacy Centers Inc, founded in 1995, is a small nonprofit in the Education sector that reported $816K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $701K left a modest 14% surplus.

Mission

We help parents and their families increase their reading and math skills through the use of materials available on-line. We also develop videos and other training materials to help parents teach children how to read, write, and become successful in mathematics.

Program Service Accomplishments

Program 1

Expenses: $74,846

We provide an inclusive library full of educational parent and student support for use in the home or other public or private educational resources with streaming videos, training aides, reading...

We provide an inclusive library full of educational parent and student support for use in the home or other public or private educational resources with streaming videos, training aides, reading material, learning helps, learning tips, computer based interactive learning materials, and tutoring ideas in the areas of reading, writing, arithmetic and basic algebra. In addition, we help other charities such as food banks and homeless shelters, and provide scholarships to Indian Reservations and others who desire to extend their education outside the home.

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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 $0

Program Service Revenue $0

Investment Income $19,539

Other Revenue $796,816

TOTAL REVENUE $816,355

Expense Breakdown

Grants Paid $17,308

Salaries & Benefits $554,860

Fundraising Expenses $0

Program Expenses $74,846

Other Expenses $128,910

TOTAL EXPENSES $701,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$816,355	$1,320,972	-0.4%
Expenses	$701,078	$1,411,721	-0.5%
Net Income	$115,277	$-90,749	-2.3%

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

N/A

Employees

Volunteers

N/A

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

$255,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward Green	General Mgr	40.00	Officer	$98,000	$0	$98,000
Erik Weierholt	Attorney/Board Membe	40.00	Officer	$157,500	$0	$157,500
Deanna Weierholt	Employee	40.00	Highest	$265,500	$0	$265,500

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	$816,355	$701,078	$685,138	$115,277
2024	$1,320,972	$1,411,721	$465,707	$-90,749
2023	$1,296,648	$1,492,534	$661,231	$-195,886
2022	$1,406,457	$1,247,754	$853,978	$158,703
2021	$1,420,404	$1,113,553	$695,713	$306,851
2020	$917,587	$765,901	$389,977	$151,686
2019	$596,187	$567,940	$235,353	$28,247