READ AHEAD INC (EIN 133636559) - 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

1991

Legal Domicile

Principal Officer

ZOE HENRIQUEZ

Phone

2122199940

Tax Period

2023-10-01 to 2024-09-30

READ AHEAD INC, founded in 1991, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2023.

Mission

READ AHEAD'S READING-BASED MENTORING DEVELOPS IN STUDENTS THE SOCIAL-EMOTIONAL SKILLS ESSENTIAL FOR ACADEMIC AND LIFE-LONG SUCCESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,869,156

Program Service Revenue $0

Investment Income $14,491

Other Revenue $5,139

TOTAL REVENUE $1,888,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,416,612

Fundraising Expenses $258,749

Program Expenses $1,427,472

Other Expenses $549,900

TOTAL EXPENSES $1,966,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,888,786	$1,915,316	0.0%
Expenses	$1,966,512	$1,859,066	+0.1%
Net Income	$-77,726	$56,250	-2.4%

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

1062

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

$165,384

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK JEAN-BAPTISTE	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT RYAN	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
SEAN FITZGERALD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JIN CHUN	SECRETARY	2.00	Officer Director	$0	$0	$0
JULIE NORTH	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN NEWMAN	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER PACI	DIRECTOR	0.50	Director	$0	$0	$0
ERIC RUTKOSKE	DIRECTOR	0.50	Director	$0	$0	$0
INOKI SUAREZ	DIRECTOR	0.50	Director	$0	$0	$0
JINYOUNG JOO	DIRECTOR	0.50	Director	$0	$0	$0
JOHN GIOUROUKAKIS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN J SMITH	DIRECTOR	0.50	Director	$0	$0	$0
JULIE ALLEN	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA LEWIN	DIRECTOR	0.50	Director	$0	$0	$0
KRISTIN ZIMMERMAN-SORIO	DIRECTOR	0.50	Director	$0	$0	$0
LARS MUNSON	DIRECTOR	0.50	Director	$0	$0	$0
NED RUSSELL	DIRECTOR	0.50	Director	$0	$0	$0
PAMELA COGUT-WEINSTEIN	DIRECTOR	0.50	Director	$0	$0	$0
SANDRA HAAS	DIRECTOR	0.50	Director	$0	$0	$0
SETH MARTIN	DIRECTOR	0.50	Director	$0	$0	$0
MARTA PEREZ	DIRECTOR	0.50	Director	$0	$0	$0
AYESHA FAROOQI	FORMER DIRECTOR	0.50	Director	$0	$0	$0
ROBERT ABEL	FORMER DIRECTOR	0.50	Director	$0	$0	$0
KRISTEN BALDWIN	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$149,429	$15,955	$165,384
ARIEL GRACE	MANAGING DIRECTOR	40.00	Highest	$131,764	$15,445	$147,209
EVELYN CANELA-GARCIA	SENIOR DIRECTOR, PROGRAM & IMPACT	40.00	Highest	$107,654	$14,702	$122,356

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
2024	$1,888,786	$1,966,512	$1,788,830	$-77,726
2023	$1,915,316	$1,859,066	$2,072,773	$56,250
2022	$1,784,961	$1,727,925	$1,343,072	$57,036
2021	$1,955,834	$1,741,468	$1,265,848	$214,366
2020	$1,569,537	$1,518,084	$1,223,568	$51,453
2019	$1,399,583	$1,357,931	$999,217	$41,652
2018	$1,350,055	$1,270,090	$917,751	$79,965

READ AHEAD INC