READ TO SUCCEED (EIN 200175948) - 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

2003

Legal Domicile

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 CHILDREN AND ADULTS THROUGH FREE LITERACY PROGRAMS AND EVENTS.

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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 $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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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

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

$51,967

Total Directors

Key Employees

Highest Compensated

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

READ TO SUCCEED