THE PHYLLIS WHEATLEY RISE TO READ CAMPAIGN INC (EIN 274826221) - 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

2018

Legal Domicile

Principal Officer

MARIA L SCRUGGS

Phone

7277985361

Tax Period

2024-01-01 to 2024-12-31

THE PHYLLIS WHEATLEY RISE TO READ CAMPAIGN INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $315K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

The mission of the Phyllis Wheatley Rise to Read Campaign is to ensure that African children from birth to 18 years old who live in St. Petersburg, FL can read on and above grade level in this generation and beyond.

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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 $315,451

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $315,451

Expense Breakdown

Grants Paid $101,975

Salaries & Benefits $141,169

Fundraising Expenses $0

Program Expenses $206,110

Other Expenses $85,660

TOTAL EXPENSES $328,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$315,451	$243,638	+0.3%
Expenses	$328,804	$160,094	+1.1%
Net Income	$-13,353	$83,544	-1.2%

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

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

$38,730

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA L SCRUGGS	CHAIRWOMAN & CEO	30.00	Officer	$38,730	$0	$38,730
MUIR VILMA	DIRECTOR	5.00	Director	$0	$0	$0
JOHNSON KEVIN	DIRECTOR	4.00	Director	$0	$0	$0
SMITH-HAYES ROSE	DIRECTOR	5.00	Director	$0	$0	$0
WINDON PAT	DIRECTOR	3.00	Director	$0	$0	$0
MCNAMEE CAROL	DIRECTOR	3.00	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	$315,451	$328,804	$78,044	$-13,353
2023	$243,638	$160,094	$94,352	$83,544

THE PHYLLIS WHEATLEY RISE TO READ CAMPAIGN INC