READ FOR LITERACY INC (EIN 341516490) - 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

1986

Legal Domicile

Principal Officer

DIANA BUSH

Phone

4192427323

Tax Period

2024-09-01 to 2025-08-31

READ FOR LITERACY INC, founded in 1986, is a small nonprofit in the Education sector that reported $443K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $418K left a modest 6% surplus.

Mission

TO PROVIDE A RANGE OF LITERACY SERVICES AND TRAININGS THAT ENABLE CHILDREN, ADULT AND FAMILIES THE OPPORTUNITY TO ACHIEVE SUCCESS.

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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 $407,510

Program Service Revenue $386

Investment Income $34,838

Other Revenue $0

TOTAL REVENUE $442,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,186

Fundraising Expenses $35,190

Program Expenses $353,660

Other Expenses $161,641

TOTAL EXPENSES $417,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$442,734	$339,921	+0.3%
Expenses	$417,827	$394,082	+0.1%
Net Income	$24,907	$-54,161	-1.5%

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

324

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

$79,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA BUSH	EXECUTIVE DI	40.00	Officer	$79,077	$0	$79,077
MARIA BAILEY	TRUSTEE	1.00	Director	$0	$0	$0
JULIA R BATES	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA BIGGS	TRUSTEE	1.00	Director	$0	$0	$0
SELENA NICHOLAS BUBLICK	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN BYRD	TRUSTEE	1.00	Director	$0	$0	$0
GARY CORRIGAN	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN CRAIG	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
STEPHEN DOLLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUCAS KERR	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER MCHUGH	SECRETARY	1.00	Officer Director	$0	$0	$0
KATIE HUNT THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
MARK WALLA	TREASURER	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	$442,734	$417,827	$932,257	$24,907
2024	$339,921	$394,082	$887,822	$-54,161
2023	$414,912	$415,793	$849,502	$-881
2022	$386,599	$336,466	$844,458	$50,133
2021	$305,437	$257,746	$891,098	$47,691
2020	$406,568	$291,115	$815,399	$115,453
2019	$390,377	$335,753	$615,943	$54,624
2018	$346,406	$353,955	$572,795	$-7,549

READ FOR LITERACY INC