Hermas Readers Inc (EIN 262577975) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

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

2006

Legal Domicile

Principal Officer

John Ballein

Tax Period

2023-01-01 to 2023-12-31

Hermas Readers Inc, founded in 2006, is a small nonprofit in the Education sector that reported $169K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year. Expenses of $231K exceeded revenue, resulting in a 37% operating deficit.

Mission

To help K-3 children with reading/ reading awareness Also to provide books to elementary schools for reading.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,427

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $34,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,890

Other Expenses $61,890

TOTAL EXPENSES $61,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,427	$49,422	-0.3%
Expenses	$61,890	$82,831	-0.3%
Net Income	$-27,463	$-33,409	-0.2%

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

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
Donald G Roberts	Director	001.00	Director	$0	$0	$0
Bruce Garnes	Director	001.00	Director	$0	$0	$0
Lisa Marie	Director	001.00	Director	$0	$0	$0
Lisa Epperly Marie	director	001.00	Director	$0	$0	$0
Frank Beamer	President	001.00	Officer	$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	$34,427	$61,890	$20,130	$-27,463
2022	$24,500	$40,000	$65,502	$-15,500
2022	$49,422	$82,831	$47,593	$-33,409
2021	$74,554	$55,059	$81,002	$19,495
2020	No data	$15,000	$61,507	No data
2019	$107,051	$112,335	$76,507	$-5,284
2018	$168,808	$231,235	$81,791	$-62,427

Hermas Readers Inc