The Leaders Readers Network (EIN 364753948) - 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

2013

Legal Domicile

Principal Officer

Christopher A McGilvery

Tax Period

2024-07-01 to 2025-06-30

The Leaders Readers Network, founded in 2013, is a small nonprofit in the Education sector that reported $568K in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112K, a strong 20% operating margin.

Mission

Our mission is to cultivate a national network of leaders who provide books, supplies, and projects to support early literacy in underserved schools.

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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 $565,885

Program Service Revenue $1,830

Investment Income $0

Other Revenue $0

TOTAL REVENUE $567,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,003

Fundraising Expenses $66,619

Program Expenses $367,273

Other Expenses $252,567

TOTAL EXPENSES $455,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$567,715	$263,263	+1.2%
Expenses	$455,570	$250,582	+0.8%
Net Income	$112,145	$12,681	+7.8%

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

300

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

$42,750

Total Directors

$42,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher McGilvery	Executive Dir.	25.00	Officer Director	$42,750	$0	$42,750
Khushbu Patel	Chairman	5.00	Director	$0	$0	$0
Dr Shilpa Thaker	Director	5.00	Director	$0	$0	$0
Laura Schulze	Secretary	5.00	Director	$0	$0	$0
Melodie Graves	Director	5.00	Director	$0	$0	$0
Lisa Hill	Director	5.00	Director	$0	$0	$0
Andrea Deleon	Director	5.00	Director	$0	$0	$0
Mike La Charite	Secretary	5.00	Director	$0	$0	$0
Celeste Steele	Director	5.00	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
2025	$567,715	$455,570	$381,647	$112,145
2024	No data	No data	No data	No data
2022	$301,847	$231,349	$142,048	$70,498

The Leaders Readers Network