The Read to Me Project (EIN 471224251) - 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

2014

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

The Read to Me Project, founded in 2014, is a small nonprofit in the Education sector that reported $437K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

The Read to Me Project helps underserved children achieve kindergarten readiness & a lifetime of literacy by empowering school-age children to read to their young siblings at home. We raise public awareness of the importance of language & pre-reading in the first 5 years of life.

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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 $358,509

Program Service Revenue $62,658

Investment Income $16,193

Other Revenue $0

TOTAL REVENUE $437,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $381,212

Fundraising Expenses $88,634

Program Expenses $273,836

Other Expenses $63,304

TOTAL EXPENSES $444,516

Year-over-Year Comparison

	2023	2022	Change
Revenue	$437,360	$478,771	-0.1%
Expenses	$444,516	$382,729	+0.2%
Net Income	$-7,156	$96,042	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cassandra Bridge	Director	1.00	Director	$0	$0	$0
Blake Doherty	Director	1.00	Director	$0	$0	$0
Morgan Falor	Director	1.00	Director	$0	$0	$0
Jen Ortega Uribe	Former President	0.00	Officer Director	$0	$0	$0
Cynthia Hertlein	DirectorTreasurer	3.00	Officer Director	$0	$0	$0
Charlie Orsburn	President	2.00	Officer Director	$0	$0	$0
Juan Pablo Lopez	DirectorSecretary	1.00	Officer Director	$0	$0	$0
Julia Foster	Executive Director	40.00	Key Emp	$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	$437,360	$444,516	$631,244	$-7,156
2023	$478,771	$382,729	$642,439	$96,042
2022	$524,585	$386,120	$560,498	$138,465
2021	$354,355	$366,755	$419,717	$-12,400
2020	$414,991	$370,102	$427,699	$44,889
2019	$480,186	$357,153	$378,443	$123,033

The Read to Me Project