WISE READERS TO LEADERS

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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

2014

Legal Domicile

Principal Officer

Joyce Anderson

Phone

3108892254

Tax Period

2023-01-01 to 2023-12-31

WISE READERS TO LEADERS, founded in 2014, is a community nonprofit in the Youth Development sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $387K, a strong 37% operating margin.

Mission

The charity operates a free of charge summer literacy and enrichment program and year-round programming in the Los Angeles area for underserved children.

Program Service Accomplishments

Program 1

Expenses: $429,299 Revenue: $156,750

The charity operates a free of charge summer literacy and enrichment program and year-round programming in the Los Angeles area for underserved children.

Program 2

Expenses: $107,325

An important aspect of the program, in addition to helping the low-income students, is to engage a new generation of volunteer community leaders. Our program consists of community involvement through volunteers of all ages teaching enrichment activities and parent workshops and acting as chaperones, supervisors, and daily guest readers. The leaders of the volunteer high school students form our Student Board responsible for planning, programming, and fundraising as well as staying connected with the children throughout 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 $842,040

Program Service Revenue $156,750

Investment Income $60,457

Other Revenue $0

TOTAL REVENUE $1,059,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $319,429

Fundraising Expenses $37,555

Program Expenses $536,624

Other Expenses $353,097

TOTAL EXPENSES $672,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,059,247	$985,763	+0.1%
Expenses	$672,526	$558,747	+0.2%
Net Income	$386,721	$427,016	-0.1%

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

200

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

$82,693

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE ANDERSON	Executive Dir.	40.00	Officer	$82,693	$0	$82,693
Andrea Sonnenberg	President	1.30	Officer Director	$0	$0	$0
Lauren Campbell	Vice President	0.40	Officer Director	$0	$0	$0
Jeremy Rosen	Secretary	1.10	Officer Director	$0	$0	$0
Laurie Bahar	Treasurer	0.40	Officer Director	$0	$0	$0
Nicole Brooks	Director	0.40	Director	$0	$0	$0
Andrea Cayton	Director	0.40	Director	$0	$0	$0
Nancy Epstein	Director	0.40	Director	$0	$0	$0
Steven J Fishman	Director	0.40	Director	$0	$0	$0
Lori Goodman	Director	0.40	Director	$0	$0	$0
Dana Perel Katz	Secretary	0.40	Director	$0	$0	$0
Leslie Robinson	Director	0.40	Director	$0	$0	$0
Martine Singer	Director	0.40	Director	$0	$0	$0
GLENN SONNENBERG	Director	0.40	Director	$0	$0	$0
RABBI RONALD STERN	Director	0.40	Director	$0	$0	$0
KAREN WEISS	Director	0.40	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	$1,059,247	$672,526	$2,354,991	$386,721
2022	$985,763	$558,747	$1,967,489	$427,016
2021	$533,709	$504,261	$1,533,943	$29,448
2020	$845,072	$183,111	$1,293,231	$661,961
2019	$628,285	$820,841	$637,389	$-192,556
2018	$587,494	$208,293	$828,502	$379,201