READ TO SUCCEED

EIN: 200175948 501(c)(3) Education

MURFREESBORO, TN

Total Revenue
$230,802
Total Expenses
$222,685
Total Assets
$113,989
Net Assets
$113,989
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
TN
Principal Officer
BRIAN D COLEMAN
Phone
6157387323
Tax Period
2023-07-01 to 2024-06-30

READ TO SUCCEED, founded in 2003, is a small nonprofit in the Education sector that reported $231K in total revenue in fiscal year 2023. Expenses of $223K left a modest 4% surplus.

Mission

TO IMPROVE LIVES IN RUTHERFORD COUNTY FOR ADULTS AND CHILDREN BY OFFERING FREE LITERACY PROGRAMS AND EVENTS.

Program Service Accomplishments

Program 1
Expenses: $46,857

ADULT LITERACY ONE-ON-ONE PROGRAM WORKS WITH ANYONE 18 YEARS OR OLDER ON ANY LITERACY GOAL THEY WANT TO WORK ON. MANY OF OUR LEARNERS ARE WORKING TOWARDS A GED/HI-SET, BUT OTHER LEARNERS ARE WORKING...

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ADULT LITERACY ONE-ON-ONE PROGRAM WORKS WITH ANYONE 18 YEARS OR OLDER ON ANY LITERACY GOAL THEY WANT TO WORK ON. MANY OF OUR LEARNERS ARE WORKING TOWARDS A GED/HI-SET, BUT OTHER LEARNERS ARE WORKING ON FINANCIAL LITERACY, WRITING SKILLS, INTERVIEWING AND RESUME WRITING, DRIVER'S LICENSE AND MILITARY TESTING, ETC. DURING THE YEAR ENDING JUNE 30, 2024, WE TRAINED OVER 20 LEARNERS IN OUR ADULT LITERACY ONE-ON-ONE PROGRAM.

Program 2
Expenses: $46,757

ENGLISH AS A SECOND LANGUAGE PROGRAM SERVED OVER 475 STUDENTS DURING THE YEAR ENDING JUNE 30, 2024. THESE STUDENTS WORK TO IMPROVE READING, WRITING AND SPEAKING ENGLISH. THREE DIFFERENT LEVELS OF...

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ENGLISH AS A SECOND LANGUAGE PROGRAM SERVED OVER 475 STUDENTS DURING THE YEAR ENDING JUNE 30, 2024. THESE STUDENTS WORK TO IMPROVE READING, WRITING AND SPEAKING ENGLISH. THREE DIFFERENT LEVELS OF INSTRUCTION WERE AVAILABLE TO STUDENTS DURING THE YEAR ENDING JUNE 30, 2024, TEACHING OVER 27 DIFFERENT LANGUAGES. DAY AND EVENING CLASSES WERE PROVIDED.

Program 3
Expenses: $62,576

YOUTH & FAMILY LITERACY PROGRAMMING IS HELD IN MURFREESBORO CITY AND RUTHERFORD COUNTY TITLE 1 SCHOOLS AND THIS PROGRAM IS A PARTNERSHIP WITH MIDDLE TENNESSEE STATE UNIVERSITY, LIPSCOMB AND...

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YOUTH & FAMILY LITERACY PROGRAMMING IS HELD IN MURFREESBORO CITY AND RUTHERFORD COUNTY TITLE 1 SCHOOLS AND THIS PROGRAM IS A PARTNERSHIP WITH MIDDLE TENNESSEE STATE UNIVERSITY, LIPSCOMB AND TREVECCA'S EDUCATION DEPARTMENT. THE KNOWLEDGE SHARING WITH STUDENTS DURING THESE PROGRAMS ALLOWS THEM TO GET BACK ON GRADE LEVEL AND PROVIDES THEIR PARENTS WITH STRATEGIES THAT THEY CAN USE AT HOME. THE PARENTS ARE ALSO GIVEN THE OPPORTUNITY TO SIGN UP FOR OUR ADULT LITERACY PROGRAMS DURING THESE EVENTS.FAMILY LITERACY ALSO HAS A PROGRAM FOR PRE-SCHOOL STUDENTS TO PREPARE THEM TO BE KINDERGARTEN READY. OUR IMAGINATION STATIONS ARE HELD IN LOW-INCOME AREAS AND AGAIN THE CHILDREN AND PARENTS LEARN ABOUT THE IMPORTANCE OF READING. AT ALL OF OUR FAMILY LITERACY EVENTS, THE CHILDREN GO HOME WITH THE BOOK THAT WAS STUDIED. FOR MIDDLE AND HIGH SCHOOL STUDENTS WE HAVE STARTED ADULT BOOK CLUBS WHERE STUDENTS READ CONTEMPORARY YOUNG ADULT FICTION WITH THEMES THAT STUDENTS TODAY FIND RELATABLE TO THEIR OWN EXPERIENCES. STUDENTS FACILITATE THE DISCUSSIONS AROUND PLOT, CHARACTER AND LIFE. THIS PROGRAM FOSTERS A SENSE OF COMMUNITY AND A SHARED EXPERIENCE FOR THE STUDENTS.

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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 $233,678
Program Service Revenue $0
Investment Income $149
Other Revenue $-3,025
TOTAL REVENUE $230,802

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,417
Fundraising Expenses $22,782
Program Expenses $156,190
Other Expenses $108,268
TOTAL EXPENSES $222,685

Year-over-Year Comparison

2023 2022 Change
Revenue $230,802 $235,409 0.0%
Expenses $222,685 $212,576 +0.0%
Net Income $8,117 $22,833 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
6
Volunteers
1759

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
$51,967
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN D COLEMAN PRESIDENT 1.00
Officer Director
$0 $0 $0
JAMES CALDER VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
JENNIFER FOUTCH TREASURER 1.00
Officer Director
$0 $0 $0
LYNDSAY COOPER SECRETARY 1.00
Officer Director
$0 $0 $0
PHIL BARNETT BOARD MEMBER 1.00
Director
$0 $0 $0
ECHELL EADY BOARD MEMBER 1.00
Director
$0 $0 $0
TAMARA GWYN BOARD MEMBER 1.00
Director
$0 $0 $0
ROMEL MCMURRY BOARD MEMBER 1.00
Director
$0 $0 $0
REGINA HARVEY BOARD MEMBER 1.00
Director
$0 $0 $0
TODD MEYERS BOARD MEMBER 1.00
Director
$0 $0 $0
MEREDITH THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
CARTER OWENS BOARD MEMBER 1.00
Director
$0 $0 $0
JOLENE RADNOTI EXECUTIVE DIRECTOR 40.00
Officer
$49,967 $2,000 $51,967
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 $230,802 $222,685 $113,989 $8,117
2023 $235,409 $212,576 $105,871 $22,833
2022 $215,070 $199,465 $86,205 $15,605
2021 $219,564 $192,932 $69,914 $26,632
2020 $192,275 $213,934 $77,485 $-21,659
2019 $244,401 $217,125 $94,962 $27,276
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