READ 718 INC (EIN 464080472) - 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

EMILY KIRVEN

Phone

7185763228

Tax Period

2022-08-01 to 2023-07-31

READ 718 INC, founded in 2013, is a small nonprofit in the Education sector that reported $745K in total revenue in fiscal year 2022. Expenses of $696K left a modest 7% surplus.

Mission

READ 718 PROVIDES FREE OR VERY LOW COST ONE-TO-ONE LITERACY INSTRUCTION TO STUDENTS FROM LOW-INCOME FAMILIES IN GRADES 1-8 IN BROOKLYN

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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 (2022)

Revenue Breakdown

Contributions & Grants $731,704

Program Service Revenue $10,187

Investment Income $1,097

Other Revenue $1,546

TOTAL REVENUE $744,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $513,115

Fundraising Expenses $107,938

Program Expenses $499,248

Other Expenses $182,728

TOTAL EXPENSES $695,843

Year-over-Year Comparison

	2022	2021	Change
Revenue	$744,534	$708,000	+0.1%
Expenses	$695,843	$559,797	+0.2%
Net Income	$48,691	$148,203	-0.7%

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

239

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

$71,810

Total Directors

$71,810

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAI-TONICIA KING	CHAIR	1.00	Officer Director	$0	$0	$0
PAMELA ATKINS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
EMILY KIRVEN	EXECUTIVE DIRECTOR	40.00	Officer Director	$62,210	$9,600	$71,810
FRANCESCA ALTEMA	DIRECTOR	1.00	Director	$0	$0	$0
KIM BOURNE	DIRECTOR	1.00	Director	$0	$0	$0
KEITH BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
TAMARA CARR MULLANEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HERBSTMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHATISHA HOSTEN	DIRECTOR	1.00	Director	$0	$0	$0
MATTIJS LIMBERGER	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON OAKES	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN O'LEARY	DIRECTOR	1.00	Director	$0	$0	$0
BLANCA RUIZ	DIRECTOR	1.00	Director	$0	$0	$0
TAMIA B SANTANA	DIRECTOR	1.00	Director	$0	$0	$0
GIANNA SCORSONE	DIRECTOR	1.00	Director	$0	$0	$0
INDIA SNEED-WILLIAMS	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$744,534	$695,843	$827,534	$48,691
2022	$708,000	$559,797	$774,569	$148,203
2021	$515,252	$412,945	$674,221	$102,307
2020	$375,811	$320,817	$506,182	$54,994
2019	$279,609	$247,714	$408,143	$31,895

READ 718 INC