RIDE FOR READING INC (EIN 262127480) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

BRENDA MIKEC

Phone

6153787323

Tax Period

2018-01-01 to 2018-12-31

RIDE FOR READING INC, founded in 2008, is a micro nonprofit that reported $72K in total revenue in fiscal year 2018. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $97K exceeded revenue, resulting in a 35% operating deficit.

Mission

PROMOTE LITERACY AND HEALTHY LIVING THROUGH DISTRIBUTION OF BOOKS VIA BICYCLE TO AT-RISK CHILDREN

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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 (2018)

Revenue Breakdown

Contributions & Grants $50,548

Program Service Revenue $0

Investment Income $0

Other Revenue $21,136

TOTAL REVENUE $71,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,255

Fundraising Expenses $8,416

Program Expenses $78,375

Other Expenses $65,450

TOTAL EXPENSES $96,705

Year-over-Year Comparison

	2018	2017	Change
Revenue	$71,684	$92,366	-0.2%
Expenses	$96,705	$79,995	+0.2%
Net Income	$-25,021	$12,371	-3.0%

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

600

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

$28,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRAHAM GERDEMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
MATHEW PORTELL END 12118	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
JOHN GORE END 12118	BOARD MEMBER	2.00	Director	$0	$0	$0
TROY WILLIAMS END 12118	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHY GANSKE END 12118	BOARD MEMBER	2.00	Director	$0	$0	$0
ED WILDERMUTH	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF ECK	TREASURER	2.00	Officer Director	$0	$0	$0
SPENCER SWEAT	BOARD MEMBER	0.50	Director	$0	$0	$0
JEREMY PARDUE END 12118	BOARD MEMBER	0.50	Director	$0	$0	$0
JC ODEN END 12118	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVE PERREAULT	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHANIE WARD	BOARD MEMBER	0.50	Director	$0	$0	$0
BRENDA MIKEC	EXECUTIVE DIRECTOR	40.00	Officer	$28,269	$0	$28,269

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
2018	$71,684	$96,705	$74,240	$-25,021

RIDE FOR READING INC