BEAR READING CENTER INC

EIN: 272481512 501(c)(3) Education

MISHAWAKA, IN

Total Revenue
$238,663
Total Expenses
$249,038
Total Assets
$366,533
Net Assets
$366,533
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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
IN
Principal Officer
KIMMEY C HAUGHEE
Tax Period
2023-01-01 to 2023-12-31

BEAR READING CENTER INC, founded in 2010, is a small nonprofit in the Education sector that reported $239K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

TO PROMOTE LITERACY FOR CHILDREN AND ADULTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $35,254
Program Service Revenue $203,383
Investment Income $26
Other Revenue $0
TOTAL REVENUE $238,663

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $200,021
Other Expenses $249,038
TOTAL EXPENSES $249,038

Year-over-Year Comparison

2023 2022 Change
Revenue $238,663 $269,462 -0.1%
Expenses $249,038 $244,166 +0.0%
Net Income $-10,375 $25,296 -1.4%
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

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Governance

Voting Members
6
Independent Members
6
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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris Currey Secretary 0.00
Director
$0 $0 $0
April Black Treasurer 0.00
Director
$0 $0 $0
Donnie Johnson Member at Large 0.00
Director
$0 $0 $0
Bradley King Board Charman 0.00
Director
$0 $0 $0
David Parks Vice Chairman 0.00
Director
$0 $0 $0
KIMMEY C HAUGHEE EXECUTIVE DIRECTOR 0.00
Officer 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
2024 No data No data No data No data
2023 $238,663 $249,038 $366,533 $-10,375
2022 $269,462 $244,166 $376,908 $25,296
2021 $357,082 $213,636 $351,612 $143,446
2020 $255,679 $353,560 $208,166 $-97,881
2019 $483,971 $303,260 $306,047 $180,711
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