READYCT INC (EIN 274704040) - 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

2011

Legal Domicile

Principal Officer

SHANNON MARIMON

Phone

8602441109

Tax Period

2023-07-01 to 2024-06-30

READYCT INC, founded in 2011, is a community nonprofit in the Education sector that reported $6.0M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $5.2M left a modest 14% surplus.

Mission

READYCT WORKS TO ADVANCE ACADEMIC EXCELLENCE AND CAREER-CONNECTED LEARNING FOR ALL PUBLIC SCHOOL STUDENTS IN CONNECTICUT THROUGH COLLABORATION WITH BUSINESS, CIVIC, AND EDUCATION LEADERS.

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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 $4,428,399

Program Service Revenue $1,553,493

Investment Income $13,448

Other Revenue $3,065

TOTAL REVENUE $5,998,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,493,710

Fundraising Expenses $16,152

Program Expenses $4,608,655

Other Expenses $1,685,894

TOTAL EXPENSES $5,179,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,998,405	$3,743,553	+0.6%
Expenses	$5,179,604	$3,485,980	+0.5%
Net Income	$818,801	$257,573	+2.2%

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

250

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

$250,842

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF AUKER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RICK SHARMA	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
MARINKA NATALE	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW BOND	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM T BROWN	DIRECTOR	0.50	Director	$0	$0	$0
TRACY CHURCH	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER DIPENTIMA	DIRECTOR	0.50	Director	$0	$0	$0
DONNA GALLUZZO	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM GINSBERG	DIRECTOR	0.50	Director	$0	$0	$0
JASON HOWEY	DIRECTOR	0.50	Director	$0	$0	$0
GORDON HUI	DIRECTOR	0.50	Director	$0	$0	$0
GLADIS KERSAINT	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY A KLAUS	DIRECTOR	0.50	Director	$0	$0	$0
MATT MCSPEDON	DIRECTOR	0.50	Director	$0	$0	$0
FRAN RABINOWITZ	DIRECTOR	0.50	Director	$0	$0	$0
BETH REGAN	DIRECTOR	0.50	Director	$0	$0	$0
MARK SCHEINBERG	DIRECTOR	0.50	Director	$0	$0	$0
ALAN SCHNITZER	DIRECTOR	0.50	Director	$0	$0	$0
DAVE SMITH	DIRECTOR	0.50	Director	$0	$0	$0
JASON TRUJILLO	DIRECTOR	0.50	Director	$0	$0	$0
MELANIE TUCKER	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA TURNER	DIRECTOR	0.50	Director	$0	$0	$0
RON UTTERBECK	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL VAN LEESTEN	DIRECTOR	0.50	Director	$0	$0	$0
SHANNON M MARIMON	EXECUTIVE DIRECTOR	40.00	Officer	$238,254	$12,588	$250,842
SHERYL MCNAMEE	DEPUTY DIRECTOR	40.00	Highest	$144,475	$8,453	$152,928
NAILAH ABDUL-RAHMAN	DIRECTOR OF STUDENT 5.0	40.00	Highest	$131,000	$0	$131,000
YVETTE MORALES	CAREER PATHWAYS PROGRAM MANAGER	40.00	Highest	$104,596	$0	$104,596
GLORIA ORTIZ RIVERA	DIRECTOR OF QUALITY & INNOVATION	40.00	Highest	$114,000	$5,715	$119,715
MALIA SIEVE	DIRECTOR OF CAREER PATHWAYS	40.00	Highest	$134,450	$0	$134,450

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	No data	No data	No data	No data
2024	$5,998,405	$5,179,604	$6,346,659	$818,801
2023	$3,743,553	$3,485,980	$2,813,703	$257,573
2022	$2,265,987	$2,015,748	$1,875,248	$250,239
2021	$1,687,275	$1,542,610	$1,719,659	$144,665
2018	$104,959	$480,496	$709,176	$-375,537

READYCT INC