READ AND FEED

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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

SHERRY OVERTON SHUDRA

Tax Period

2022-07-01 to 2023-06-30

READ AND FEED, founded in 2005, is a small nonprofit in the Human Services sector that reported $628K in total revenue in fiscal year 2022. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $159K, a strong 25% operating margin.

Mission

OUR MISSION IS TO STRENGTHEN LITERACY SKILLS AMONG UNDERSERVED ELEMENTARY SCHOOL CHILDREN, AND PROVIDE MEALS IN A NURTURING NEIGHBORHOOD ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $352,093

WITH THREE MOBILE CLASSROOMS AND DOZENS OF PARTNERSHIPS WITH WCPSS, OTHER NONPROFIT AND COMMUNITY ORGANIZATIONS, READ AND FEED PROVIDED HIGH IMPACT TUTORING FOR 355 CHILDREN DURING THE ACADEMIC YEAR AND 1,188 STUDENTS WITH LARGE SCALE BOOK DISTRIBUTIONS ACROSS SUMMER SITES TO HELP REDUCE SUMMER LEARNING LOSS. THE ORGANIZATION PROVIDED NUTRITIOUS MEALS AND HEALTHY SNACKS, READING TUTORING AND AGE APPROPRIATE BOOKS AT NO CHARGE TO ALL OF THE CHILDREN ATTENDING THE PROGRAM. THERE WERE 23,391 BOOKS DISTRIBUTED THROUGH OUR PROGRAM, HELPING TO BUILD HOME LIBRARIES FOR MANY CHILDREN. OUR VOLUNTEERS DEVOTED 6,095 HOURS TUTORING STUDENTS AT 24 PROGRAM SITES. READ AND FEED ALSO HAD 516 TUTORING SESSIONS CONDUCTED FOR 4,918 HOURS INSTRUCTION, 358 SCHOOL SUPPLY BAGS ISSUED, 8,875 MEALS DISTRIBUTED, AND 8,340 HEALTHY SNACKS CONSUMED BY STUDENTS ATTENDING TUTORING SESSIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $618,803

Program Service Revenue $0

Investment Income $9,317

Other Revenue $5

TOTAL REVENUE $628,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,061

Fundraising Expenses $21,547

Program Expenses $352,093

Other Expenses $204,678

TOTAL EXPENSES $468,739

Year-over-Year Comparison

	2022	2021	Change
Revenue	$628,125	$1,083,677	-0.4%
Expenses	$468,739	$476,450	0.0%
Net Income	$159,386	$607,227	-0.7%

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

393

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
CARMITA BASS	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH DAY	DIRECTOR	1.00	Director	$0	$0	$0
NIA DOAKS	DIRECTOR	1.00	Director	$0	$0	$0
JAN FRANTZ	DIRECTOR	1.00	Director	$0	$0	$0
ANTWINE JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER MEREDITH	1ST VICE PRE	2.00	Officer Director	$0	$0	$0
MATT MERLETTI	2ND VICE PRE	2.00	Officer Director	$0	$0	$0
RON OTTAVIO	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHRYN RAYMOND	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY JANE ROYALS	DIRECTOR	1.00	Director	$0	$0	$0
BEN SWANEY	DIRECTOR	1.00	Director	$0	$0	$0
NIYA FINVILLE SWINT	DIRECTOR	1.00	Director	$0	$0	$0
JUAN CARLOS VILLALOBOS	DIRECTOR	1.00	Director	$0	$0	$0
AUSTIN YARBER	DIRECTOR	1.00	Director	$0	$0	$0
WILSON ZHANG	TREASURER	2.00	Officer Director	$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
2023	$628,125	$468,739	$989,360	$159,386
2022	$1,083,677	$476,450	$1,230,030	$607,227
2021	$580,645	$502,919	$635,430	$77,726