18 W READ ST INC (EIN 271333313) - 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

NICO SANDERS

Phone

4105454429

Tax Period

2023-07-01 to 2024-06-30

18 W READ ST INC, founded in 2009, is a micro nonprofit in the Housing & Shelter sector that reported $86K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $180K exceeded revenue, resulting in a 109% operating deficit.

Mission

DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING FOR DISABLED LOW INCOME ADULT INDIVIDUALS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $85,500

Investment Income $706

Other Revenue $14

TOTAL REVENUE $86,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,138

Fundraising Expenses $0

Program Expenses $125,111

Other Expenses $159,712

TOTAL EXPENSES $179,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$86,220	$79,128	+0.1%
Expenses	$179,850	$145,927	+0.2%
Net Income	$-93,630	$-66,799	+0.4%

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

N/A

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

$289,507

Total Directors

$250,456

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE STAGER ZOLLER	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOE WILL	SECRETARY	0.50	Officer Director	$0	$0	$0
CRISTA TAYLOR	DIRECTOR	0.50	Director	$0	$32,003	$250,456
NICO SANDERS	EXECUTIVE DIRECTOR	5.00	Officer	$0	$4,574	$131,346
JOHN POPP	FINANCE DIRECTOR	5.00	Officer	$0	$12,474	$75,299
JOAN MURRAY	OPERATIONS DIRECTOR	5.00	Officer	$0	$14,187	$82,862

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	$86,220	$179,850	$1,317,807	$-93,630
2023	$79,128	$145,927	$1,375,834	$-66,799
2022	$108,273	$178,831	$1,408,543	$-70,558
2021	$110,476	$159,319	$1,458,084	$-48,843
2020	$126,314	$173,307	$1,488,594	$-46,993
2019	$117,703	$167,252	$1,532,115	$-49,549
2018	$103,129	$166,736	$1,568,576	$-63,607

18 W READ ST INC