READERS ARE LEADERS (EIN 205628965) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Phone

7037957035

Tax Period

2023-01-01 to 2023-12-31

READERS ARE LEADERS, founded in 2006, is a micro nonprofit in the Youth Development sector that reported $85K in total revenue in fiscal year 2018. Expenses of $78K left a modest 9% surplus.

Mission

TO PROVIDE ELEMENTARY SCHOOL STUDENTS WITH NEEDED READING STRATEGIES AND LEARNING OPPORTUNITIES NECESSARY TO SUCCEED. ALSO, TO PROVIDE HIGH SCHOOL STUDENTS WITH THE OPPORTUNITIES, STRATEGIES AND LEARNING TO PROMOTE THEIR DEVELOPMENT AS ROLE MODELS WITHIN THE COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $77,501

Program Service Revenue $0

Investment Income $1,695

Other Revenue $-33,003

TOTAL REVENUE $46,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,000

Fundraising Expenses $3,250

Program Expenses $49,477

Other Expenses $52,012

TOTAL EXPENSES $67,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,193	$83,423	-0.4%
Expenses	$67,012	$69,644	0.0%
Net Income	$-20,819	$13,779	-2.5%

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

N/A

Employees

N/A

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

$5,000

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZION MCKINNEY	TRUSTEE	0.00	Director	$0	$0	$0
WENDELL BYRD	PRESIDENT	20.00	Officer Director	$5,000	$0	$5,000
THOMAS ARCHIBALD	DIRECTOR	15.00	Director	$0	$0	$0
STEVE TURNER	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL BROGAN	TRUSTEE	0.00	Director	$0	$0	$0
MELISSA KEMMERER	DIRECTOR	20.00	Director	$10,000	$0	$10,000
CYNTHIA HYLAND	TRUSTEE	0.00	Director	$0	$0	$0
STEPHEN VEREB	TRUSTEE	0.00	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
2024	No data	No data	No data	No data
2023	$46,193	$67,012	$180,907	$-20,819
2022	$83,423	$69,644	$200,238	$13,779
2021	$93,024	$25,834	$193,062	$67,190
2020	$56,435	$65,572	$118,959	$-9,137
2019	$81,908	$101,696	$117,917	$-19,788
2018	$85,466	$77,764	$130,446	$7,702

READERS ARE LEADERS