Ready For Reading Inc (EIN 463894551) - 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

2013

Legal Domicile

Principal Officer

Elizabeth Dickey

Phone

2035616355

Tax Period

2025-01-01 to 2025-12-31

Ready For Reading Inc, founded in 2013, is a small nonprofit in the Education sector that reported $173K in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $210K exceeded revenue, resulting in a 22% operating deficit.

Mission

To provide literacy and educational resources/programs for adults, youth and children in underserved areas.

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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 (2025)

Revenue Breakdown

Contributions & Grants $172,714

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $172,714

Expense Breakdown

Grants Paid $203,072

Salaries & Benefits $875

Fundraising Expenses $352

Program Expenses $209,795

Other Expenses $6,200

TOTAL EXPENSES $210,147

Year-over-Year Comparison

	2025	2024	Change
Revenue	$172,714	$239,691	-0.3%
Expenses	$210,147	$265,350	-0.2%
Net Income	$-37,433	$-25,659	+0.5%

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

N/A

Employees

Volunteers

N/A

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

$700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Dickey	Executive Dir.	60.00	Officer	$700	$0	$700
Richard Dickey	Director	10.00	Director	$0	$0	$0
Lesley King	Director	1.00	Director	$0	$0	$0
Allen Moore	Director	8.00	Director	$0	$0	$0
David Middleton	Director	3.00	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	$172,714	$210,147	$3,866	$-37,433
2024	No data	No data	No data	No data
2023	$270,629	$227,583	$66,958	$43,046
2022	$223,164	$233,362	$23,912	$-10,198

Ready For Reading Inc