RIDE FOR READING INC

EIN: 262127480 501(c)(3)

NASHVILLE, TN

Total Revenue
$71,684
Total Expenses
$96,705
Total Assets
$74,240
Net Assets
$74,240
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
TN
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

RIDE FOR READING'S MISSION IS TO PROMOTE LITERACY AND HEALTHY LIVING THROUGH THE DISTRIBUTION OF BOOKS VIA BICYCLE TO CHILDREN FROM LOW-INCOME NEIGHBORHOODS.

Program Service Accomplishments

Program 1
Expenses: $15,674 Revenue: $1,501

BOOK DELIVERIES VIA BICYCLE - ONCE PER MONTH WE DELIVER BOOKS TO CHILDREN IN TITLE 1 SCHOOLS. A REPRESENTATIVE FROM OUR ORGANIZATION TALKS TO THE CHILDREN ABOUT THE IMPORTANCE OF LITERACY, HELMET...

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BOOK DELIVERIES VIA BICYCLE - ONCE PER MONTH WE DELIVER BOOKS TO CHILDREN IN TITLE 1 SCHOOLS. A REPRESENTATIVE FROM OUR ORGANIZATION TALKS TO THE CHILDREN ABOUT THE IMPORTANCE OF LITERACY, HELMET WEARING, AND A HEALTHY LIFESTYLE. EACH CHILD IS ABLE TO CHOOSE 1 - 3 BOOKS TO TAKE TO KEEP OR PASS ALONG TO A FRIEND. AS PART OF THE BOOK DELIVERY, WE ALSO HOST BOOK SORTING EVENTS WHERE VOLUNTEERS COME TO OUR WAREHOUSE TO HELP US CLEAN AND SORT BOOKS BY GRADE LEVEL FOR THE UPCOMING DELIVERY. OVER 1,500 VOLUNTEER HOURS WERE USED CARRYING OUT THE BOOK DELIVERY PROCESS.

Program 2
Expenses: $3,921

TEACHERS COME TO OUR WAREHOUSE AND PICK UP BOOKS FOR THEIR STUDENTS. OVER 1,000 BOOKS WERE GIVEN OUT AT OUR TEACHER BOOK PICK-UPS.

Program 3
Expenses: $58,780

ANNUALLY, WE COORDINATE "NATIONAL RIDE FOR READING WEEK," A WEEK IN MAY IN WHICH WE ENCOURAGE CYCLISTS ACROSS THE COUNTRY TO BRING OUR MISSION TO THEIR TOWNS BY HOSTING A BOOK DELIVERY TO A TITLE 1...

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ANNUALLY, WE COORDINATE "NATIONAL RIDE FOR READING WEEK," A WEEK IN MAY IN WHICH WE ENCOURAGE CYCLISTS ACROSS THE COUNTRY TO BRING OUR MISSION TO THEIR TOWNS BY HOSTING A BOOK DELIVERY TO A TITLE 1 SCHOOL. WE HELP WITH LOGISTICS, AND WE PROVIDE THE DONATED BOOKS AND PAY FOR SHIPPING EXPENSES. RIDE FOR READING WEEK MOBILIZES HUNDREDS OF VOLUNTEERS ACROSS THE COUNTRY EACH YEAR.

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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 (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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Governance

Voting Members
6
Independent Members
6
Employees
1
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
4
$28,269
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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