KIDS NEED TO READ (EIN 262755631) - 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

TYSON BREINHOLT

Phone

4802560115

Tax Period

2024-04-01 to 2025-03-31

KIDS NEED TO READ, founded in 2008, is a small nonprofit in the Education sector that reported $579K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $840K exceeded revenue, resulting in a 45% operating deficit.

Mission

PROVIDING BOOKS TO CHILDREN AND ORGANIZATIONS THAT SERVE CHILDREN, ESPECIALLY DISADVANTAGED 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 (2024)

Revenue Breakdown

Contributions & Grants $579,110

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $579,120

Expense Breakdown

Grants Paid $695,649

Salaries & Benefits $79,044

Fundraising Expenses $16,287

Program Expenses $789,680

Other Expenses $65,408

TOTAL EXPENSES $840,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$579,120	$718,945	-0.2%
Expenses	$840,101	$1,406,781	-0.4%
Net Income	$-260,981	$-687,836	-0.6%

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

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

$54,281

Total Directors

$54,281

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYSON BREINHOLT	CHAIRMAN	2.00	Officer Director	$0	$0	$0
HEATHER MILLER	TREASURER	0.50	Officer Director	$0	$0	$0
BRUCE MATSUNAGA PHD	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANE ELHARD	DIRECTOR	0.50	Director	$0	$0	$0
KIM OBRIEN	DIRECTOR	0.50	Director	$0	$0	$0
GARY MLODZIK	DIRECTOR	1.00	Director	$0	$0	$0
TINA MLODZIK	DIRECTOR	1.00	Director	$0	$0	$0
JOE BOUDRIE	DIRECTOR	1.00	Director	$0	$0	$0
DENISE GARY	DIRECTOR	0.00	Director	$0	$0	$0
JESSICA PAYNE	EXECUTIVE DIRECTOR	60.00	Officer Director	$54,281	$0	$54,281
TIFFANY ELLINGTON	DIRECTOR	2.00	Director	$0	$0	$0
THERESA WARBER	SECRETARY	4.00	Officer Director	$0	$0	$0
GLENNA BREINHOLT	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE BREINHOLT	DIRECTOR	1.00	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	$579,120	$840,101	$804,894	$-260,981
2024	$718,945	$1,406,781	$1,026,169	$-687,836
2023	$1,209,970	$1,280,310	$1,718,495	$-70,340
2022	$608,794	$1,369,531	$1,792,528	$-760,737
2021	$1,114,515	$1,336,028	$2,590,466	$-221,513
2020	$808,741	$1,063,379	$2,782,127	$-254,638
2019	$1,860,535	$821,780	$3,026,248	$1,038,755
2018	$1,098,739	$762,792	$1,992,004	$335,947

KIDS NEED TO READ