READINESS CENTER INC

EIN: 382589535 501(c)(3) Human Services

BENTON HARBOR, MI

Total Revenue
$432,212
Total Expenses
$370,536
Total Assets
$2,906,092
Net Assets
$2,902,129
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MI
Principal Officer
MARTHA THIENEMAN
Phone
2699264084
Tax Period
2023-07-01 to 2024-06-30

READINESS CENTER INC, founded in 1986, is a small nonprofit in the Human Services sector that reported $432K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $371K left a modest 14% surplus.

Mission

THE READINESS CENTER, INC. IS ENGAGED IN PROVIDING A VARIETY OF EDUCATIONAL OPPORTUNITIES TO FOSTER SELF-ESTEEM IN PARENTS AND CHILDREN.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $375,519
Program Service Revenue $0
Investment Income $59,798
Other Revenue $-3,105
TOTAL REVENUE $432,212

Expense Breakdown

Grants Paid $0
Salaries & Benefits $259,863
Fundraising Expenses $23,345
Program Expenses $292,449
Other Expenses $110,673
TOTAL EXPENSES $370,536

Year-over-Year Comparison

2023 2022 Change
Revenue $432,212 $382,113 +0.1%
Expenses $370,536 $325,899 +0.1%
Net Income $61,676 $56,214 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
6
Volunteers
38

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
5
$64,000
Total Directors
12
$64,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA THIENEMAN EXECUTIVE DIRECTOR 50.00
Officer Director
$64,000 $0 $64,000
LYNN KALAMAROS PRESIDENT 2.00
Officer Director
$0 $0 $0
KATHERINE SZYMANSKI VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PETER CLAUDE TREASURER 1.00
Officer Director
$0 $0 $0
ALLIE KIBBLER-CAMPBELL SECRETARY 1.00
Officer Director
$0 $0 $0
LYNNE CHRISTIANO BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH GAREY BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES GUNTER BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH MCCREE BOARD MEMBER 1.00
Director
$0 $0 $0
EMMANUEL PEAN BOARD MEMBER 1.00
Director
$0 $0 $0
JACQUI WINSHIP BOARD MEMBER 1.00
Director
$0 $0 $0
MARCELLUS BURTON BOARD MEMBER - PART YEAR 1.00
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 No data No data No data No data
2024 $432,212 $370,536 $2,906,092 $61,676
2023 $382,113 $325,899 $2,666,226 $56,214
2022 $338,782 $316,471 $2,507,454 $22,311
2021 $510,063 $296,966 $2,755,377 $213,097
2020 $322,787 $338,862 $2,148,639 $-16,075
2019 $405,202 $352,342 $2,215,063 $52,860
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