READY READERS (EIN 431841631) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

ANGELA SEARS SPITTAL

Phone

3145648070

Tax Period

2024-07-01 to 2025-06-30

READY READERS, founded in 1999, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

PREPARES LOW-INCOME, YOUNG CHILDREN TO BE READY TO READ UPON ENTERING KINDERGARTEN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,142,213

Program Service Revenue $2,116

Investment Income $32,034

Other Revenue $41,093

TOTAL REVENUE $2,217,456

Expense Breakdown

Grants Paid $458,254

Salaries & Benefits $1,044,058

Fundraising Expenses $468,714

Program Expenses $1,526,783

Other Expenses $608,484

TOTAL EXPENSES $2,162,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,217,456	$1,936,720	+0.1%
Expenses	$2,162,086	$1,844,981	+0.2%
Net Income	$55,370	$91,739	-0.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

443

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

$96,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARAMIDE AYORINDE	DIRECTOR	1.00	Director	$0	$0	$0
RASHEEDAH FURQAN CLAY	DIRECTOR	1.00	Director	$0	$0	$0
KOLLEEN HENTSCHELL	DIRECTOR	1.00	Director	$0	$0	$0
ERICKA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK HAMACHER	DIRECTOR	1.00	Director	$0	$0	$0
BOB MILLER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SCHNABEL	DIRECTOR	1.00	Director	$0	$0	$0
TRACY ELZEMEYER	DIRECTOR	1.00	Director	$0	$0	$0
KESHIA HAIR	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY HAMPTON	DIRECTOR	1.00	Director	$0	$0	$0
RIA JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
NEILL JAFFE	DIRECTOR	1.00	Director	$0	$0	$0
TAMYKA PERINE	DIRECTOR	1.00	Director	$0	$0	$0
KATIE SCHENCK	SECRETARY	2.00	Officer Director	$0	$0	$0
RHONDA GRAY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JESSICA PERKINS	VICE PRESIDENT OF GOVERNAN	2.00	Officer Director	$0	$0	$0
KRISTIN TANZYUS	VICE PRESIDENT OF PROGRAMI	2.00	Officer Director	$0	$0	$0
JEFF WIST	V.P. FINANCE/TREASURER	2.00	Officer Director	$0	$0	$0
MIKE MANGIORE	PRESIDENT	4.00	Officer Director	$0	$0	$0
ANGELA SEARS SPITTAL	EXECUTIVE DIRECTOR	60.00	Officer	$96,625	$0	$96,625

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	$2,217,456	$2,162,086	$2,319,900	$55,370
2024	$1,936,720	$1,844,981	$2,271,289	$91,739
2023	$1,934,033	$1,476,444	$2,165,045	$457,589
2022	$1,585,720	$1,313,885	$1,581,585	$271,835
2021	$1,276,644	$1,051,368	$1,245,113	$225,276
2020	$895,905	$833,163	$1,039,397	$62,742
2019	$1,031,593	$883,113	$902,536	$148,480

READY READERS