KIDS READ NOW INC

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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

2012

Legal Domicile

Principal Officer

KRISTEN WALTER

Phone

8775360130

Tax Period

2024-10-01 to 2025-09-30

KIDS READ NOW INC, founded in 2012, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

TO ELIMINATE THE SUMMER READING SLIDE. MAIL STUDENT SELECTED BOOKS HOME, ONE A WEEK, ALL SUMMER LONG. ENGAGE PARENTS WITH WEEKLY MESSAGING. MEASURE RESULTS WITH READING SCORES EVALUATIONS, STAKEHOLDER SURVEYS AND ENGAGEMENT METRICS.

Program Service Accomplishments

Program 1

Expenses: $3,996,203

THE ORGANIZATION PROVIDED APPROXIMATELY 543,073 BOOKS AND 2.1 MILLION READING ACTIVITIES TO OVER 103,940 K-5 ELEMENTARY STUDENTS IN 46 STATES ACROSS 198 DISTRICTS, AND 444 SCHOOLS TO FULFILL OUR...

THE ORGANIZATION PROVIDED APPROXIMATELY 543,073 BOOKS AND 2.1 MILLION READING ACTIVITIES TO OVER 103,940 K-5 ELEMENTARY STUDENTS IN 46 STATES ACROSS 198 DISTRICTS, AND 444 SCHOOLS TO FULFILL OUR MISSION OF ENSURING OUT-OF-SCHOOL TIME IS READING TIME FOR K-5TH-GRADE STUDENTS AND THEIR FAMILIES.

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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 $2,016,716

Program Service Revenue $2,454,517

Investment Income $566

Other Revenue $0

TOTAL REVENUE $4,471,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,450,968

Fundraising Expenses $245,850

Program Expenses $3,996,203

Other Expenses $3,140,731

TOTAL EXPENSES $4,591,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,471,799	$5,687,419	-0.2%
Expenses	$4,591,699	$5,692,510	-0.2%
Net Income	$-119,900	$-5,091	+22.6%

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

$263,815

Total Directors

$125,443

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY WEDDLE	COO	40.00	Officer	$23,372	$115,000	$138,372
KRISTEN WALTER	CEO	40.00	Officer Director	$125,443	$0	$125,443
DR KAMSHIA CHILDS	BOARD VP	2.00	Officer Director	$0	$0	$0
TODD IMWALLE	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT ISKANDER	DIRECTOR	2.00	Director	$0	$0	$0
TODD JOLLY	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA LURIE	DIRECTOR	2.00	Director	$0	$0	$0
LEIB LURIE	BOARD PRESID	40.00	Officer Director	$0	$0	$0
JONATHAN TRUNK	BOARD TREASU	2.00	Officer Director	$0	$0	$0
TOM VOGEL	DIRECTOR	2.00	Director	$0	$0	$0
PAUL VONHIPPEL	DIRECTOR	2.00	Director	$0	$0	$0
JOSHUA WALSH	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
DR CHANDRA YOUNGBLOOD	BOARD SECRET	2.00	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	$4,471,799	$4,591,699	$1,380,412	$-119,900
2024	$5,687,419	$5,692,510	$1,579,353	$-5,091
2023	$5,593,813	$5,579,301	$1,946,815	$14,512
2022	$4,731,421	$4,769,905	$1,527,653	$-38,484
2021	$4,930,805	$4,549,552	$1,305,520	$381,253
2020	$3,030,703	$3,602,836	$1,065,361	$-572,133
2019	$2,568,787	$3,330,325	$986,975	$-761,538
2018	$2,184,831	$3,157,579	$1,190,686	$-972,748