My Own Book Fund 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

VINCENT BRANCATO

Phone

2035868171

Tax Period

2023-07-01 to 2024-06-30

My Own Book Fund Inc, founded in 2012, is a small nonprofit in the Education sector that reported $186K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 27% operating margin.

Mission

TO ENHANCE CHILD LITERACY IN DISADVANTAGED COMMUNITIES BY EMPOWERING THIRD-GRADE CHILDREN ENROLLED IN TITLE I NEW YORK CITY PUBLIC SCHOOLS TO SELECT, PURCHASE, AND READ THEIR VERY OWN BOOKS

Program Service Accomplishments

Program 1

Expenses: $109,402

RESEARCH HAS SHOWN, TIME AND AGAIN, THAT STUDENTS WHO ARE READING AT LEAST GRADE LEVEL WHEN EXITING THIRD GRADE WILL HAVE MORE OPPORTUNITY TO BE PRODUCTIVE AND TO CONTRIBUTE TO SOCIETY, AS A WHOLE...

RESEARCH HAS SHOWN, TIME AND AGAIN, THAT STUDENTS WHO ARE READING AT LEAST GRADE LEVEL WHEN EXITING THIRD GRADE WILL HAVE MORE OPPORTUNITY TO BE PRODUCTIVE AND TO CONTRIBUTE TO SOCIETY, AS A WHOLE. TO THIS END, THE MISSION OF MY OWN BOOK FUND (MOBF), SIMPLY PUT, IS TO RAISE THE CHILD LITERACY ATTAINMENT IN DISADVANTAGED COMMUNITIES BY EMPOWERING THIRD-GRADE CHILDREN ENROLLED IN TITLE I NEW YORK CITY PUBLIC SCHOOLS TO SELECT, PURCHASE, AND READ THEIR VERY OWN BOOKS- AND, IN DOING SO EACH CHILD HAS THE OPPORTUNITY TO ADVANCE TO BE READING AT THE THIRD-GRADE LEVEL OR BEYOND BY THE END OF THE SCHOOL YEAR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $165,647

Program Service Revenue $0

Investment Income $20,706

Other Revenue $0

TOTAL REVENUE $186,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,402

Other Expenses $135,325

TOTAL EXPENSES $135,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,353	$137,872	+0.4%
Expenses	$135,325	$147,701	-0.1%
Net Income	$51,028	$-9,829	-6.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT BRANCATO	President	15.00	Officer Director	$0	$0	$0
JOANNA MILLER	Vice President	5.000	Officer Director	$0	$0	$0
SUSAN BREMER	Director	5.000	Director	$0	$0	$0
KENNETH FREEMAN	Treasurer	0.500	Officer Director	$0	$0	$0
DARIA RIGNEY	Secretary	0.500	Officer Director	$0	$0	$0
DEEDEE FRIEDMAN	Director of Finance	10.00	Officer Director	$0	$0	$0
JUDY PLESS	Vice President	7.000	Officer Director	$0	$0	$0
PATRICIA REMER	Director	0.300	Director	$0	$0	$0
MARJORIE FREEMAN HARRISON	Director	0.300	Director	$0	$0	$0
SANDRA FREEMAN	Director	0.300	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	$186,353	$135,325	$791,993	$51,028
2023	$137,872	$147,701	$702,022	$-9,829
2022	$168,122	$203,011	$674,470	$-34,889
2021	$121,652	$98,800	$845,595	$22,852
2020	$145,738	$119,902	$682,119	$25,836
2019	$227,252	$162,352	$645,341	$64,900