Make Way For Books (EIN 311583036) - 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

1998

Legal Domicile

Principal Officer

David Lovitt

Tax Period

2023-07-01 to 2024-06-30

Make Way For Books, founded in 1998, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $3.1M left a modest 11% surplus.

Mission

The mission of Make Way for Books is to give all children the chance to read and succeed.

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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 $3,449,604

Program Service Revenue $0

Investment Income $0

Other Revenue $13,021

TOTAL REVENUE $3,462,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,867,687

Fundraising Expenses $207,505

Program Expenses $2,433,488

Other Expenses $1,211,083

TOTAL EXPENSES $3,078,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,462,625	$2,971,082	+0.2%
Expenses	$3,078,770	$2,740,044	+0.1%
Net Income	$383,855	$231,038	+0.7%

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

$193,575

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Yissel Salafsky	CEO	0.00	Officer	$123,651	$774	$124,425
Melinda Englert	Interim CEO	40.00	Officer	$59,829	$9,321	$69,150
Scott Ingram	Director	1.00	Director	$0	$0	$0
Dan Puglisi	Director	1.00	Director	$0	$0	$0
Anne McLain	Director	1.00	Director	$0	$0	$0
Betty Glinsmann-Gibson	Director	1.00	Director	$0	$0	$0
Douglas Riegger	Director	1.00	Director	$0	$0	$0
Brieanna Chillious	Director	1.00	Director	$0	$0	$0
Felicia Durden	Director	1.00	Director	$0	$0	$0
Jennifer Stewart	Director	1.00	Director	$0	$0	$0
Karyn Prechtel-Altman	Director	2.00	Director	$0	$0	$0
Stephanie Pearmain	Director	1.00	Director	$0	$0	$0
Paul Bancroft	Director	1.00	Director	$0	$0	$0
Sunni Lopez	Director	1.00	Director	$0	$0	$0
David Lovitt	President	2.00	Officer Director	$0	$0	$0
Genny Matteuci	Secretary	1.00	Officer Director	$0	$0	$0
Stephanie Engs	Vice-President	1.00	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
2025	No data	No data	No data	No data
2024	$3,462,625	$3,078,770	$4,137,497	$383,855
2023	$2,971,082	$2,740,044	$2,885,092	$231,038
2022	$2,705,326	$2,290,923	$2,670,198	$414,403
2021	$1,991,188	$1,882,345	$2,594,410	$108,843
2020	$1,843,800	$1,986,407	$2,305,029	$-142,607
2019	$1,678,948	$1,602,997	$2,269,564	$75,951

Make Way For Books