READING HEART

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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

2015

Legal Domicile

Principal Officer

DWAYNE FERGUSON

Phone

4158817323

Tax Period

2024-01-01 to 2024-12-31

READING HEART, founded in 2015, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 80% operating margin.

Mission

Reading Heart is a nonprofit, 501 (c) (3) book donation program dedicated to serving children in hospitals and children in areas with limited access to books.

Program Service Accomplishments

Program 1

Expenses: $298,839

day to day operations of organization on book collection, sorting, warehousing and distribution.

Program 2

Expenses: $70,000

THE READ AND RUN SUMMER CAMP PROVIDES FREE BOOKS, HEALTHY FOOD AND FUN ACTIVITIES FOR KIDS.PARTNERING WITH FRESNO UNIFIED , WE ENGAGE STUDENTS IN READING, BOOK PUBLISHING, AND WELLNESS PROGRAMS...

THE READ AND RUN SUMMER CAMP PROVIDES FREE BOOKS, HEALTHY FOOD AND FUN ACTIVITIES FOR KIDS.PARTNERING WITH FRESNO UNIFIED , WE ENGAGE STUDENTS IN READING, BOOK PUBLISHING, AND WELLNESS PROGRAMS, PROMOTING HEALTHY EATING, HEALTHY LERINGIN AND LIFESTYLE.

Program 3

Expenses: $10,000

The Education Matters Book Tour is a fun mini party for the whole school to enjoy that gets kids to learn about the importance of reading. Every child receives a free book of their choice and is...

The Education Matters Book Tour is a fun mini party for the whole school to enjoy that gets kids to learn about the importance of reading. Every child receives a free book of their choice and is encouraged to read then share the books when they are done.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,957,438

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,957,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $393,239

Other Expenses $393,239

TOTAL EXPENSES $393,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,957,438	$1,345,765	+0.5%
Expenses	$393,239	$347,560	+0.1%
Net Income	$1,564,199	$998,205	+0.6%

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

265

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
JAVIER ELIZONDO	BOARD MEMBER	2.00	Director	$0	$0	$0
DWAYNE FERGUSON	CEO	40.00	Officer Director	$0	$0	$0
DANAY FERGUSON	PRESIDENT	15.00	Officer Director	$0	$0	$0
VANESSA FERGUSON	CFO	30.00	Officer Director	$0	$0	$0
SARA BROWN	SECRETARY	2.00	Officer Director	$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
2024	$1,957,438	$393,239	$3,671,912	$1,564,199
2023	$1,345,765	$347,560	$2,607,713	$998,205
2022	$1,177,457	$277,582	$2,119,922	$899,875
2021	$193,576	$173,576	$35,769	$20,000
2020	$34,534	$37,300	$15,769	$-2,766
2018	$527,212	$531,253	$8,398	$-4,041