KIDS NEED TO READ

EIN: 262755631 501(c)(3) Education

MESA, AZ

Total Revenue
$579,120
Total Expenses
$840,101
Total Assets
$804,894
Net Assets
$762,795
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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
AZ
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

KIDS NEED TO READ HELPS CHILDREN TO DISCOVER THE JOY OF READING AND THE POWER OF A LITERATE MIND BY PROVIDING INSPIRING BOOKS AND LITERACY PROGRAMS TO UNDERFUNDED SCHOOLS, LIBRARIES, AND COMMUNITY AGENCIES ACROSS THE UNITED STATES, ESPECIALLY THOSE SERVING DISADVANTAGED CHILDREN.

Program Service Accomplishments

Program 1
Expenses: $789,680 Revenue: $583,114

GRANTS TO PROVIDE BOOKS TO DISADVANTAGED CHILDREN THROUGH UNDERFUNDED SCHOOLS, LIBRARIES AND LITERACY PROGRAMS. THE PROGRAM SUPPORTS LITERACY AND GRADUATION RATES AMONG OUR NATION'S YOUTH.

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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 (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

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Governance

Voting Members
5
Independent Members
4
Employees
3
Volunteers
20

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
5
$54,281
Total Directors
14
$54,281
Key Employees
0
$0
Highest Compensated
0
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
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