READ BETTER BE BETTER

EIN: 474003520 501(c)(3) Education

PHOENIX, AZ

Total Revenue
$1,790,001
Total Expenses
$2,389,820
Total Assets
$3,294,371
Net Assets
$2,961,083
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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
AZ
Principal Officer
SOPHIE ALLEN-ETCHART
Phone
6023748695
Tax Period
2024-07-01 to 2025-06-30

READ BETTER BE BETTER, founded in 2015, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 34% operating deficit.

Mission

READ BETTER BE BETTER'S MISSION IS TO CONNECT YOUNG READERS AND YOUTH LEADERS TO INSPIRE A LOVE OF LITERACY AND LEADERSHIP.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,746,664
Program Service Revenue $0
Investment Income $29,463
Other Revenue $13,874
TOTAL REVENUE $1,790,001

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,780,783
Fundraising Expenses $336,197
Program Expenses $1,626,119
Other Expenses $609,037
TOTAL EXPENSES $2,389,820

Year-over-Year Comparison

2024 2023 Change
Revenue $1,790,001 $3,519,642 -0.5%
Expenses $2,389,820 $2,233,822 +0.1%
Net Income $-599,819 $1,285,820 -1.5%
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
11
Independent Members
10
Employees
214
Volunteers
60

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
5
$123,894
Total Directors
11
$106,592
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SOPHIE ALLEN-ETCHART BOARD MEMBER AND CEO 40.00
Officer Director
$105,454 $1,138 $106,592
RACHEL AJA BOARD CHAIR 1.00
Officer Director
$0 $0 $0
NORIANA HERMES VICE CHAIR 1.00
Officer Director
$0 $0 $0
ARTEM TRETIAKOV TREASURER 1.00
Officer Director
$0 $0 $0
DAWN WALLACE BOARD MEMBER 1.00
Director
$0 $0 $0
KATEY ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA ORY BOARD MEMBER 1.00
Director
$0 $0 $0
MITZI WOODMORE BOARD MEMBER 1.00
Director
$0 $0 $0
ODETTE FELIX BOARD MMEBER 1.00
Director
$0 $0 $0
QUINTIN BOYCE BOARD MMEBER 1.00
Director
$0 $0 $0
VINCE YANEZ BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER GUTENBERG SENIOR OPERATIONS DIRECTOR 40.00
Officer
$16,979 $323 $17,302
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 $1,790,001 $2,389,820 $3,294,371 $-599,819
2024 No data No data No data No data
2023 $1,716,906 $1,593,221 $2,359,556 $123,685
2022 $1,536,864 $1,255,042 $2,180,704 $281,822
2021 $1,563,168 $899,494 $1,920,458 $663,674
2020 $1,558,770 $743,378 $1,261,616 $815,392
2019 $564,582 $545,587 $417,502 $18,995
2018 $432,508 $315,833 $378,890 $116,675
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