READ TO SUCCEED ASHEVILLE (EIN 272581580) - 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

2011

Legal Domicile

Principal Officer

JESSICA MCLEAN

Phone

8287472277

Tax Period

2024-07-01 to 2025-06-30

READ TO SUCCEED ASHEVILLE, founded in 2011, is a small nonprofit in the Education sector that reported $592K in total revenue in fiscal year 2024. Expenses of $524K left a modest 12% surplus.

Mission

TO HELP CLOSE THE RACE-BASED OPPORTUNITY GAP THROUGH COMMUNITY- POWERED LITERACY PROGRAMMING THAT ENGAGES CHILDREN, FAMILIES, AND COMMUNITY PARTNERS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $591,834

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $591,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,724

Fundraising Expenses $32,312

Program Expenses $371,622

Other Expenses $130,012

TOTAL EXPENSES $523,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$591,834	$563,391	+0.1%
Expenses	$523,736	$558,354	-0.1%
Net Income	$68,098	$5,037	+12.5%

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

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

$149,382

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ashley Allen	Executive Dir.	40	Officer	$74,691	$0	$74,691
Jessica McLean	Executive Dir.	40	Officer	$74,691	$0	$74,691
Gerri Stover	Board Presiden	2	Director	$0	$0	$0
Betty Young	Board Vice Pre	2	Director	$0	$0	$0
Linda Freshwat	Board Vice Pre	1	Director	$0	$0	$0
Stephen Edge	Board Treasure	1	Director	$0	$0	$0
Beth Kickert	Board Secretar	1	Director	$0	$0	$0
Thomas Prieste	Board Member	1	Director	$0	$0	$0
Robert Butler	Board Member	1	Director	$0	$0	$0
Tera Coffey	Board Member	1	Director	$0	$0	$0
Justin Thompso	Board Member	1	Director	$0	$0	$0
Victoria Rober	Board Presiden	2	Director	$0	$0	$0
Julie Adkins	Board Vice Pre	2	Director	$0	$0	$0
Anna Herring	Board Secretar	2	Director	$0	$0	$0
Heidi Clark	Board Treasure	2	Director	$0	$0	$0
Katherine Bagg	Board Member	1	Director	$0	$0	$0
Christina Hugh	Board Member	1	Director	$0	$0	$0
Terika Pearcy	Board Member	1	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
2025	$591,834	$523,736	$125,147	$68,098
2024	No data	No data	No data	No data
2023	$451,342	$469,128	$70,641	$-17,786
2022	$382,063	$343,696	$116,680	$38,367
2021	$206,751	$259,533	$74,139	$-52,782

READ TO SUCCEED ASHEVILLE