READ MUSKEGON (EIN 412176728) - 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

2005

Legal Domicile

Principal Officer

MELISSA MOORE

Phone

2317477273

Tax Period

2024-01-01 to 2024-12-31

READ MUSKEGON, founded in 2005, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 175% from the prior year, signaling strong growth momentum. The organization ran a surplus of $649K, a strong 53% operating margin.

Mission

TO INCREASE THE QUALITY OF LIFE IN MUSKEGON COUNTY THROUGH IMPROVED LITERACY.

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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 $1,044,406

Program Service Revenue $102,186

Investment Income $2,800

Other Revenue $76,249

TOTAL REVENUE $1,225,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $389,904

Fundraising Expenses $63,916

Program Expenses $303,899

Other Expenses $186,308

TOTAL EXPENSES $576,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,225,641	$446,010	+1.7%
Expenses	$576,212	$485,074	+0.2%
Net Income	$649,429	$-39,064	-17.6%

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

$71,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE DAY	DIRECTOR	1.00	Director	$0	$0	$0
AARON DEVRIES	DIRECTOR	1.00	Director	$0	$0	$0
SIMEON FRANG	DIRECTOR	1.00	Director	$0	$0	$0
KIESHA GUY	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID KITCHEN	CHAIR	1.00	Officer Director	$0	$0	$0
LEIGHANN MIKESELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
AMY OLTHOFF	DIRECTOR	1.00	Director	$0	$0	$0
JACK RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
LYNN TOTH	TREASURER	1.00	Officer Director	$0	$0	$0
ANA OLSEN	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE BRIGGS	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA MOORE	EXECUTIVE DIRECTOR	40.00	Officer	$71,500	$0	$71,500

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	$1,225,641	$576,212	$1,006,948	$649,429
2023	$446,010	$485,074	$262,130	$-39,064
2022	$401,465	$398,229	$276,096	$3,236
2021	$378,618	$334,718	$308,613	$43,900
2020	$267,782	$266,814	$270,788	$968
2019	$230,445	$244,409	$132,946	$-13,964
2018	$234,519	$205,585	$153,296	$28,934

READ MUSKEGON