FREEDOM READERS INC (EIN 272517686) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

TAMARA GREENE

Phone

8433318562

Tax Period

2023-01-01 to 2023-12-31

FREEDOM READERS INC, founded in 2010, is a small nonprofit in the Education sector that reported $185K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $233K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO IMPROVE READING SKILLS IN LOW-INCOME COMMUNITIES BY PROVIDING ONE-TO-ONE LITERACY TUTORING, FREE BOOKS FOR HOME LIBRARIES, AND AN INSPIRING, HIGH- ENERGY LEARNING ENVIRONMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $187,478

Program Service Revenue $0

Investment Income $147

Other Revenue $-2,290

TOTAL REVENUE $185,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,127

Fundraising Expenses $412

Program Expenses $174,520

Other Expenses $43,794

TOTAL EXPENSES $232,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$185,335	$293,433	-0.4%
Expenses	$232,921	$248,507	-0.1%
Net Income	$-47,586	$44,926	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

$36,250

Total Directors

$36,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN ELLIS	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
TRACY BAILEY	NATIONAL DIR	40.00	Officer Director	$36,250	$0	$36,250
JAMIA RICHMOND	CHAIR	N/A	Officer Director	$0	$0	$0
LIZ GALLO	SECRETARY	N/A	Officer Director	$0	$0	$0
SYLVIA HICKMAN	TREASURER	N/A	Officer Director	$0	$0	$0
TAMARA GREENE	EXECUTIVE DI	N/A	Director	$0	$0	$0
DR DIANNE L MARK	BOARD MEMBER	N/A	Director	$0	$0	$0
JACINTA MOULTRIE	BOARD MEMBER	N/A	Director	$0	$0	$0
JEREMY ALFORD	BOARD MEMBER	N/A	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	$185,335	$232,921	$258,515	$-47,586
2022	$293,433	$248,507	$305,575	$44,926
2021	$306,625	$159,820	$256,809	$146,805
2020	$194,132	$161,347	$139,003	$32,785
2019	$217,563	$192,306	$77,103	$25,257

FREEDOM READERS INC