WELL READ MOM INC

EIN: 464825932 501(c)(3) Religion

IRONTON, MN

Total Revenue
$857,299
Total Expenses
$802,879
Total Assets
$932,799
Net Assets
$321,521
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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
MN
Principal Officer
MARCIE STOKMAN
Phone
2185469787
Tax Period
2024-07-01 to 2025-06-30

WELL READ MOM INC, founded in 2014, is a small nonprofit in the Religion sector that reported $857K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $803K left a modest 6% surplus.

Mission

WELL-READ MOM ACCOMPANIES WOMEN IN THE READING OF GREAT BOOKS AND SPIRITUAL CLASSICS TO ENCOURAGE PERSONAL GROWTH, FRIENDSHIP, AND MEANINGFUL CONVERSATIONS IN ORDER TO EXPLORE THE HUMAN CONDITION AND REORIENT OURSELVES TO WHAT IS GOOD, BEAUTIFUL, AND TRUE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $821,242
Program Service Revenue $33,565
Investment Income $2,664
Other Revenue $-172
TOTAL REVENUE $857,299

Expense Breakdown

Grants Paid $0
Salaries & Benefits $220,505
Fundraising Expenses $0
Program Expenses $633,539
Other Expenses $582,374
TOTAL EXPENSES $802,879

Year-over-Year Comparison

2024 2023 Change
Revenue $857,299 $676,406 +0.3%
Expenses $802,879 $597,917 +0.3%
Net Income $54,420 $78,489 -0.3%
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

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Governance

Voting Members
7
Independent Members
6
Employees
8
Volunteers
35

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
5
$92,941
Total Directors
6
$41,050
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCIE STOKMAN CHAIR 24.00
Officer Director
$41,050 $0 $41,050
MICHELLE LEMIEUR SECRETARY 1.50
Officer Director
$0 $0 $0
KRISTEN VOSEN TREASURER 1.50
Officer Director
$0 $0 $0
ANN SILGEN DIRECTOR 1.50
Officer Director
$0 $0 $0
TRACEY FINCK DIRECTOR 1.50
Director
$0 $0 $0
STEPHANIE STOKMAN DIRECTOR 1.50
Director
$0 $0 $0
NICOLE BUGNACKI EXECUTIVE DI 30.00
Officer
$51,891 $0 $51,891
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 $857,299 $802,879 $932,799 $54,420
2024 $676,406 $597,917 $795,319 $78,489
2023 $548,922 $413,577 $308,532 $135,345
2022 $334,511 $265,919 $167,698 $68,592
2021 $203,767 $161,547 $99,169 $42,220
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