WORLDREADERORG

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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

2010

Legal Domicile

Principal Officer

REBECCA CHANDLER-LEEGE

Phone

4155624840

Tax Period

2024-01-01 to 2024-12-31

WORLDREADERORG, founded in 2010, is a community nonprofit in the International Affairs sector that reported $5.2M in total revenue in fiscal year 2024. Expenses of $5.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

WORLDREADER IS A GLOBAL TECH NONPROFIT, PROVIDING AWARD-WINNING FREE-DIGITAL READING APP, BOOKSMART, TO HELP FAMILIES PREPARE YOUNG CHILDREN FOR LEARNING, BY FOSTERING READING ROUTINES-A PROVEN FORMULA TO BUILD SCHOOL-READINESS AND LIFELONG LEARNING HABITS.

Program Service Accomplishments

Program 1

Expenses: $4,245,270 Revenue: $136,745

WORLDREADER.ORG (WORLDREADER OR THE ORGANIZATION) IS A GLOBAL TECH NONPROFIT PROVIDING BOOKSMART, A FREE DIGITAL READING APP, TO HELPS FAMILIES NURTURE A LIFELONG LOVE OF READING AND BUILD JOYFUL...

WORLDREADER.ORG (WORLDREADER OR THE ORGANIZATION) IS A GLOBAL TECH NONPROFIT PROVIDING BOOKSMART, A FREE DIGITAL READING APP, TO HELPS FAMILIES NURTURE A LIFELONG LOVE OF READING AND BUILD JOYFUL DAILY READING ROUTINES WITH THEIR CHILDREN AGED 0-5. BOOKSMART OFFERS AGE-APPROPRIATE, CULTURALLY ALIGNED FUN BOOKS, ACTIVITIES AND TIPS. BOOKSMART, ALONG WITH THEIR DATA-INFORMED PROGRAMS, ARE BUILT AROUND THREE PILLARSREADING ROUTINES, READING GAMES, AND READING CIRCLESAND DELIVERED IN PARTNERSHIP WITH GOVERNMENTS, PUBLISHERS, NGOS, AND COMMUNITIES. SINCE 2010, WORLDREADER HAS SUPPORTED OVER 22 MILLION READERS ACROSS 110 COUNTRIES THROUGH ITS DIGITAL SOLUTIONS.

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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 $4,860,812

Program Service Revenue $136,745

Investment Income $208,869

Other Revenue $0

TOTAL REVENUE $5,206,426

Expense Breakdown

Grants Paid $1,174,300

Salaries & Benefits $1,904,143

Fundraising Expenses $612,991

Program Expenses $4,245,270

Other Expenses $2,659,763

TOTAL EXPENSES $5,738,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,206,426	$5,008,152	+0.0%
Expenses	$5,738,206	$8,432,593	-0.3%
Net Income	$-531,780	$-3,424,441	-0.8%

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

$292,385

Total Directors

$253,619

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA CHANDLER-LEEGE	CHIEF EEXECUTIVE OFFICER	40.00	Officer Director	$242,958	$10,661	$253,619
PETER SPIRO	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
PRASANNA KRISHNAN	SECRETARY	1.00	Officer Director	$0	$0	$0
KARTIK RAGHAVAN	SECRETARY (THRU 3/31/24)	1.00	Officer Director	$0	$0	$0
CHARLES BRIGHTON	TREASURER (THRU 3/31/24)	1.00	Officer Director	$0	$0	$0
DAVID RISHER	FOUNDING BOARD CHAIR	1.00	Director	$0	$0	$0
ELIZABETH KHURI CHANDLER	DIRECTOR	1.00	Director	$0	$0	$0
KATE JAMES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL KLAUSNER	DIRECTOR	1.00	Director	$0	$0	$0
NEEN KOENIGSBAUER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CAPOSSELA	DIRECTOR (THRU 3/31/24)	1.00	Director	$0	$0	$0
ELIZABETH DOLLAR	DIRECTOR (THRU 3/31/24)	1.00	Director	$0	$0	$0
DANA REID	DIRECTOR (THRU 3/31/24)	1.00	Director	$0	$0	$0
ALISON RICH	DIRECTOR (THRU 3/31/24)	1.00	Director	$0	$0	$0
GRETCHEN SORENSON	DIRECTOR (THRU 3/31/24)	1.00	Director	$0	$0	$0
KEDEST TESFAGIORGIS	DIRECTOR (THRU 3/31/24)	1.00	Director	$0	$0	$0
SHANNON ATKINSON	CFO (THRU 1/12/24)	40.00	Officer	$37,275	$1,491	$38,766
VERONICA GUTIERREZ	SR.DIRECTOR, HUMAN RESOURCES	40.00	Highest	$170,744	$34,818	$205,562
HEIDI WILIAMS	DIRECTOR, ACCOUNTING & ADMIN	40.00	Highest	$120,264	$20,194	$140,458
MATTHEW TROY	DIRECTOR, STRATEGIC ENGAGEMENT	40.00	Highest	$120,226	$4,099	$124,325
KATHRINA WARDRIP	DIRECTOR, MAJOR GIFTS	40.00	Highest	$117,914	$12,550	$130,464
WENDI HUESTIS	CHIEF ADV OFFICER (THRU 6/3/24)	40.00	Highest	$116,453	$4,927	$121,380

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	$5,206,426	$5,738,206	$6,197,388	$-531,780
2023	$5,008,152	$8,432,593	$8,926,695	$-3,424,441
2022	$6,797,738	$7,661,348	$10,778,368	$-863,610
2021	$9,017,027	$6,825,866	$11,912,107	$2,191,161
2020	$7,223,000	$6,807,811	$9,548,410	$415,189
2019	$8,514,245	$8,173,147	$9,286,425	$341,098
2018	$10,852,787	$9,583,535	$8,549,200	$1,269,252