Freedom to Read Foundation

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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

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 AND PROTECT THE FREEDOM OF SPEECH AND THE PRESS AND PROTECT THE PUBLIC'S RIGHT OF ACCESS TO INFORMATION AND MATERIALS STORED IN THE NATION'S LIBRARIES.

Program Service Accomplishments

Program 1

Expenses: $58,675

GRANTS TO FIRST AMENDMENT ORGANIZATIONS

Program 2

Expenses: $159,481

LEGAL CHALLENGES

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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