Florence Area Literacy Council

Nonprofit profile at a glance

EIN
570735362
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Florence, SC, USA
Phone
8436671908
Rating
93
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$100,663
Expenses
$107,137
Assets
$44,033
Liabilities
$3,177

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • CHRISTINA LAWSON (EXECUTIVE DIRECTOR)

People named in this filing

  • CHRISTINA LAWSON (EXECUTIVE DIRECTOR)
  • GERALD HOLLEY (BOARD CHAIR)
  • MARK SPURLING (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide 1 on 1 adult literacy traning

What it reported doing in 2024

To provide one on one adult literacy

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.6%; rating input score 96
  • Program expense ratio: 89.8%; rating input score 90

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -6.4%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.41; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 26.1%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 6% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 0% per year; rating input score 100; 21st percentile among comparable filings
  • Asset growth: 3% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 95.6% of revenue deployed · 89.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $96K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 20/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.