Freedom to Read Foundation

EIN: 237102086 501(c)(3)

Chicago, IL

Total Revenue
$570,518
Total Expenses
$441,498
Total Assets
$2,588,477
Net Assets
$2,437,931
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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
1969
Legal Domicile
IL
Principal Officer
DEBORAH CALDWELL-STONE
Phone
3129446780
Tax Period
2023-09-01 to 2024-08-31

Freedom to Read Foundation, founded in 1969, is a small nonprofit that reported $571K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 23% operating margin.

Mission

PROMOTE FREEDOM OF SPEECH AND THE PRESS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $482,127
Program Service Revenue $0
Investment Income $88,391
Other Revenue $0
TOTAL REVENUE $570,518

Expense Breakdown

Grants Paid $58,675
Salaries & Benefits $131,286
Fundraising Expenses $30,902
Program Expenses $218,156
Other Expenses $251,537
TOTAL EXPENSES $441,498

Year-over-Year Comparison

2023 2022 Change
Revenue $570,518 $400,005 +0.4%
Expenses $441,498 $390,688 +0.1%
Net Income $129,020 $9,317 +12.8%
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

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Governance

Voting Members
15
Independent Members
15
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
3
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Deborah Caldwell-Stone FTRF, Executive Director 0.0
Director
$0 $0 $0
Barbara Stripling Trustee/Executive Committee 1.0
Director
$0 $0 $0
Sukrit Goswami Trustee 1.0
Director
$0 $0 $0
Jim Neal Teasurer 1.0
Officer Director
$0 $0 $0
Lesliediana Jones Vice President 2.0
Officer Director
$0 $0 $0
Stephanie Adams Trustee 1.0
Director
$0 $0 $0
Pat Scales Trustee 1.0
Director
$0 $0 $0
Christine Kujawa Trustee 1.0
Director
$0 $0 $0
Sophia Sotilleo President 2.0
Officer Director
$0 $0 $0
Kent Oliver Trustee 1.0
Director
$0 $0 $0
Cindy Hohl Trustee/Ex-Officio 0.1
Director
$0 $0 $0
Leslie Burger Trustee/Ex-Officio 0.1
Director
$0 $0 $0
Dorcas Hand Trustee/Executive Committee 1.0
Director
$0 $0 $0
Shauntee Burns Simpson Trustee 1.0
Director
$0 $0 $0
Eldon Ray James Trustee/Ex-Officio 0.1
Director
$0 $0 $0
Sam Helmick Trustee/Ex-Officio 0.1
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 $570,518 $441,498 $2,588,477 $129,020
2023 $400,005 $390,688 $2,190,407 $9,317
2022 $283,365 $394,635 $2,059,511 $-111,270
2021 $272,000 $250,583 $2,379,346 $21,417
2020 $1,017,433 $324,276 $2,071,080 $693,157
2019 $491,117 $258,041 $1,383,530 $233,076
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