READ TO RIDE INC (EIN 270897018) - 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

2009

Legal Domicile

Principal Officer

BRANDON HYDE

Phone

8608893825

Tax Period

2025-01-01 to 2025-12-31

READ TO RIDE INC, founded in 2009, is a micro nonprofit in the Youth Development sector that reported $20K in total revenue in fiscal year 2025. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $33K exceeded revenue, resulting in a 60% operating deficit.

Mission

THE DISTRIBUTION OF BICYCLES TO NORWICH, CT AREA CHILDREN. TO ENCOURAGE THE DEVELOPMENT OF AND IMPROVE THE READING AND LANGUAGE SKILLS OF NORWICH, CONNECTICUT AREA 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 (2025)

Revenue Breakdown

Contributions & Grants $450

Program Service Revenue $20,020

Investment Income $17

Other Revenue $0

TOTAL REVENUE $20,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,833

Other Expenses $32,833

TOTAL EXPENSES $32,833

Year-over-Year Comparison

	2025	2024	Change
Revenue	$20,487	$16,353	+0.3%
Expenses	$32,833	$15,586	+1.1%
Net Income	$-12,346	$767	-17.1%

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

N/A

Independent Members

N/A

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
BRANDON HYDE	PRESIDENT/DI	N/A	Officer	$0	$0	$0
PETER MANERI JR CPA	TREASURER/DI	N/A	Officer	$0	$0	$0
ERIN SPURGAS	SECRETARY/DI	N/A	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
2025	$20,487	$32,833	$15,296	$-12,346
2024	No data	No data	No data	No data
2023	$1,233	$9,425	$26,875	$-8,192
2022	$10,683	$4,005	$35,067	$6,678
2021	$31	$3,707	$28,389	$-3,676
2020	$1,739	$3,127	$32,065	$-1,388
2019	$8,913	$20,182	$33,203	$-11,269
2018	$26,189	$17,177	$44,472	$9,012

READ TO RIDE INC