RURAL EDUCATION & DEVELOPMENT INC DBA READ GLOBAL (EIN 232656376) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

MEGAN VOLK

Phone

4152899949

Tax Period

2023-01-01 to 2023-12-31

RURAL EDUCATION & DEVELOPMENT INC DBA READ GLOBAL, founded in 1992, is a small nonprofit in the Human Services sector that reported $761K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $238K, a strong 31% operating margin.

Mission

RURAL EDUCATION AND DEVELOPMENT INC (READ GLOBAL) PARNTERS WITH THREE LOCAL COUNTRY ORGANIZATIONS TO FACILITATE THE CREATION OF SELF-SUSTAINING AND COMMUNITY-LED LIBRARY AND RESOURCE CENTERS THAT SERVE AS A FOUNDATIONAL PLATFORM FOR UNLOCKING A COMMUNITY'S SOCIAL AND ECONOMIC POTENTIAL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $734,577

Program Service Revenue $13,500

Investment Income $16,939

Other Revenue $-4,075

TOTAL REVENUE $760,941

Expense Breakdown

Grants Paid $185,686

Salaries & Benefits $213,527

Fundraising Expenses $9,589

Program Expenses $436,496

Other Expenses $122,319

TOTAL EXPENSES $522,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$760,941	$669,009	+0.1%
Expenses	$522,811	$629,315	-0.2%
Net Income	$238,130	$39,694	+5.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$198,279

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN VOLK	DEPUTY DIRECTOR	40.00	Officer	$101,640	$0	$101,640
SANJANA SHRESTHA	EXECUTIVE DIRECTOR	40.00	Officer	$96,639	$0	$96,639
ANTONIA NEUBAUER	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MELISSA ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
KRISTY BALSANEK	GOVERNANCE COMMITTEE CHAIR	2.00	Director	$0	$0	$0
APRIL BURKS	DIRECTOR	1.00	Director	$0	$0	$0
VASANTHI CHANDRA	DIRECTOR	1.00	Director	$0	$0	$0
ANOUK HUNGATE	DIRECTOR	3.00	Director	$0	$0	$0
SWATHI MASSAR	DIRECTOR	3.00	Director	$0	$0	$0
SHIVRAJ RAJ MUNDY	DIRECTOR	1.00	Director	$0	$0	$0
KEITH KEHRER	DIRECTOR	2.00	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	$760,941	$522,811	$1,054,772	$238,130
2022	$669,009	$629,315	$962,389	$39,694
2021	$459,958	$726,493	$738,067	$-266,535
2020	$821,991	$805,574	$1,013,505	$16,417
2020	$821,991	$805,574	$1,013,505	$16,417
2019	$875,067	$1,509,272	$1,010,246	$-634,205
2018	$1,666,341	$1,192,661	$1,655,459	$473,680

RURAL EDUCATION & DEVELOPMENT INC DBA READ GLOBAL