LETS BE READY

EIN: 472274700 501(c)(3) Education

Longmont, CO

Total Revenue
$233,068
Total Expenses
$190,835
Total Assets
$58,761
Net Assets
$58,761
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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
CO
Principal Officer
FRED ZAMBROSKI
Tax Period
2023-01-01 to 2023-12-31

LETS BE READY, founded in 2014, is a small nonprofit in the Education sector that reported $233K in total revenue in fiscal year 2023. The organization ran a surplus of $42K, a strong 18% operating margin.

Mission

To provide training, classroom materials, and monthly stipends to teachers in rural Guatemalan Mayan communities to improve student success in first graade. The program also provides an innovative curriculum to help rural Guatemalan children prepare for first grade

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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 (2023)

Revenue Breakdown

Contributions & Grants $233,068
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $233,068

Expense Breakdown

Grants Paid $190,835
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $190,835
Other Expenses $0
TOTAL EXPENSES $190,835

Year-over-Year Comparison

2023 2022 Change
Revenue $233,068 N/A N/A
Expenses $190,835 N/A N/A
Net Income $42,233 N/A N/A
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
6
Independent Members
6
Employees
N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRED ZAMBROSKI CO-FOUNDER 10.00
Officer
$0 $0 $0
NANCY CARPENTER CO-FOUNDER 2.00
Officer
$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
2023 $233,068 $190,835 $58,761 $42,233
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