Read2Succeed Inc

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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

2005

Legal Domicile

Principal Officer

Diana Daley

Phone

3059697440

Tax Period

2018-07-01 to 2019-06-30

Read2Succeed Inc, founded in 2005, is a small nonprofit that reported $511K in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year.

Mission

Read2Succeed is a community partnership that empowers youth and families by providing academic enrichment, educational & literacy services.

Program Service Accomplishments

Program 1

Expenses: $517,861 Revenue: $510,936

To motivate and support children, families, and teachers to achieve success through the power of books.

Program 2

Expenses: $13,486

To motivate and support children, families, and teachers to achieve success through the power of books.

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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 (2018)

Revenue Breakdown

Contributions & Grants $510,936

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $510,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $440,847

Fundraising Expenses $0

Program Expenses $539,439

Other Expenses $105,750

TOTAL EXPENSES $546,597

Year-over-Year Comparison

	2018	2017	Change
Revenue	$510,936	$553,481	-0.1%
Expenses	$546,597	$599,071	-0.1%
Net Income	$-35,661	$-45,590	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diana Daley	Executive Director	40.00	Officer	$0	$0	$0
Jose Fuentes	Chairman	0.00	Officer	$0	$0	$0
Frank Fernandez	Secretary	0.00	Officer	$0	$0	$0
Carlos M Trueba	Treasurer	0.00	Officer	$0	$0	$0

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
2019	$510,936	$546,597	$133,856	$-35,661
2018	$553,481	$599,071	$215,680	$-45,590
2017	$663,988	$748,182	$73,130	$-84,194