READ TO GROW INC

EIN: 061572185 501(c)(3) Education

BRANFORD, CT

Total Revenue
$1,444,347
Total Expenses
$1,344,057
Total Assets
$1,807,566
Net Assets
$1,570,279
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CT
Principal Officer
DR MONETTE FERGUSON
Phone
2034886800
Tax Period
2023-07-01 to 2024-06-30

READ TO GROW INC, founded in 2000, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $1.3M left a modest 7% surplus.

Mission

TO PROMOTE LANGUAGE SKILLS AND LITERACY FOR CHILDREN, BEGINNING AT BIRTH, AND TO SUPPORT PARENTS AS THEIR BABIES' FIRST TEACHERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,402,946
Program Service Revenue $67,108
Investment Income $13
Other Revenue $-25,720
TOTAL REVENUE $1,444,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $718,554
Fundraising Expenses $134,034
Program Expenses $1,122,314
Other Expenses $625,503
TOTAL EXPENSES $1,344,057

Year-over-Year Comparison

2023 2022 Change
Revenue $1,444,347 $1,629,143 -0.1%
Expenses $1,344,057 $1,436,859 -0.1%
Net Income $100,290 $192,284 -0.5%
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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Governance

Voting Members
13
Independent Members
13
Employees
17
Volunteers
84

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
5
$108,148
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF HARTMANN CHAIR 1.40
Officer Director
$0 $0 $0
DR MONETTE FERGUSON VICE CHAIR 0.80
Officer Director
$0 $0 $0
JANE W LEE TREASURER 0.80
Officer Director
$0 $0 $0
LORI CHURCH SECRETARY 0.80
Officer Director
$0 $0 $0
LISA MAASS DIRECTOR 0.50
Director
$0 $0 $0
CARLA M HORWITZ DIRECTOR 0.60
Director
$0 $0 $0
JOSHUA A COPEL DIRECTOR 0.40
Director
$0 $0 $0
MARY KAY CURTISS DIRECTOR 0.70
Director
$0 $0 $0
JENNIFER GROVE FUSCO DIRECTOR 0.60
Director
$0 $0 $0
SHERENE MASON DIRECTOR 0.30
Director
$0 $0 $0
JOEL CRUZ DIRECTOR 0.40
Director
$0 $0 $0
ANNA REITER DIRECTOR 0.30
Director
$0 $0 $0
BARBARA CLERKIN DIRECTOR 0.77
Director
$0 $0 $0
SUZANNAH HOLSENBECK EXECUTIVE DIRECTOR 40.00
Officer
$108,148 $0 $108,148
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 $1,444,347 $1,344,057 $1,807,566 $100,290
2023 $1,629,143 $1,436,859 $1,747,209 $192,284
2022 $1,217,263 $1,428,787 $1,292,928 $-211,524
2021 $945,038 $1,269,449 $1,619,033 $-324,411
2020 $1,176,539 $1,354,925 $1,897,893 $-178,386
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