LETS BE READY

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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

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

Program Service Accomplishments

Program 1

Expenses: $124,283

Magical Classrooms (Aulas Magicas) trains and equips young adults to teach children, ages 4-6 in remote areas currently unattended to by the Guatemalan government. The project overcomes geographic...

Magical Classrooms (Aulas Magicas) trains and equips young adults to teach children, ages 4-6 in remote areas currently unattended to by the Guatemalan government. The project overcomes geographic isolation and lack of educational resources by delivering a culturally sensitive, innovative guided curriculum to help children become more successful in first grade. Classes are paired with a daily healthy snack that stands to drastically reduce the impact of chronic malnutrition.

Program 2

Expenses: $66,552

Lets Be Ready (Pequenos pero Listos) offers newly graduated teachers, aged 18-24 the opportunity to stay in their communities and become social entreprenuers by starting classrooms in primarily rural Guatemalan Mayan communities. The program provides materials, a monthly stipend for each teacher and additional training to enhance effectiveness. The organization presents a solution to the challenge of there being too few classrooms.

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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 $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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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