WE NEED DIVERSE BOOKS

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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

CAROLINE RICHMOND

Phone

3018403883

Tax Period

2023-07-01 to 2024-06-30

WE NEED DIVERSE BOOKS, founded in 2014, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $716K, a strong 39% operating margin.

Mission

CREATING A WORLD WHERE EVERYONE CAN FIND THEMSELVES ON THE PAGES OF A BOOK.

Program Service Accomplishments

Program 1

Expenses: $124,994

INTERNSHIP/MENTORSHIP GRANTS AND AWARDS. THIS PROGRAM ENCOMPASSES THE FOLLOWING: THE WALTER GRANT PROVIDES FINANCIAL SUPPORT TO DIVERSE CREATORS WHO ARE CURRENTLY UNPUBLISHED. THE INTERNSHIP GRANTS SUPPORT DIVERSE COLLEGE STUDENTS PURSUING A CAREER IN PUBLISHING. THE MENTORSHIP PROGRAM PAIRS ASPIRING CREATORS WITH PROFESSIONAL AUTHORS TO HELP THEM GET PUBLISHED.

Program 2

Expenses: $302,148

WNDB IN THE CLASSROOM PROVIDES ACCESS TO DIVERSE BOOKS IN SCHOOLS

Program 3

Expenses: $79,101

WNDB PROVIDES NATIVE BOOKS TO NATIVE STUDENTS AND SUPPORT NATIVE CREATIVES AND EDUCATORS.

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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 $1,382,068

Program Service Revenue $349,800

Investment Income $61,569

Other Revenue $47,438

TOTAL REVENUE $1,840,875

Expense Breakdown

Grants Paid $161,800

Salaries & Benefits $277,227

Fundraising Expenses $73,400

Program Expenses $960,675

Other Expenses $686,143

TOTAL EXPENSES $1,125,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,840,875	$1,117,905	+0.6%
Expenses	$1,125,170	$1,112,225	+0.0%
Net Income	$715,705	$5,680	+125.0%

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

131

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

$113,048

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN OH	PRESIDENT AND CEO	15.00	Officer Director	$0	$0	$0
DHONIELLE CLAYTON	COO	20.00	Officer Director	$0	$0	$0
JORDAN BOOKEY	DIRECTOR	1.00	Director	$0	$0	$0
ZORAIDA CORDOVA	DIRECTOR	1.00	Director	$0	$0	$0
HENA KHAN	DIRECTOR	1.00	Director	$0	$0	$0
MINH LE	DIRECTOR	1.00	Director	$0	$0	$0
ANGELINE BOULLEY	DIRECTOR	1.00	Director	$0	$0	$0
ROXANE GAY	DIRECTOR	1.00	Director	$0	$0	$0
CORNELIUS MINOR	DIRECTOR	1.00	Director	$0	$0	$0
LEUYEN PHAM	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE RICHMOND	EXECUTIVE DIRECTOR	40.00	Officer	$113,048	$0	$113,048

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	$1,840,875	$1,125,170	$1,994,826	$715,705
2023	$1,117,905	$1,112,225	$1,285,821	$5,680
2022	$1,729,399	$1,253,412	$1,284,821	$475,987
2021	$1,333,593	$1,110,261	$798,580	$223,332
2020	$598,939	$403,604	$547,748	$195,335
2019	$455,892	$372,968	$376,477	$82,924
2018	$321,281	$242,192	$260,252	$79,089