ATLANTIC BEACH, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)READ USA INC, founded in 2015, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $4.7M exceeded revenue, resulting in a 19% operating deficit.
READ USA'S MISSION IS TO SOLVE ILLITERACY THROUGH HIGH-INTEREST BOOKS AND HIGH-QUALITY TEACHING. READ USA'S RESEARCH-BASED, MULTI-LAYERED PROGRAMMING IS HELPING CHILDREN ACHIEVE - AND SOMETIMES SURPASS - GRADE-LEVEL READING PROFICIENCY. READ USA HAS CREATED AND REFINED ITS UNIQUE APPROACH TO DEVELOPING GRADE-LEVEL READERS, TEEN LEADERS, AND TRANSFORMATIONAL TEACHERS USING EVIDENCE-BASED PRACTICES AND PROGRAMMING. READ USA'S MULTI-FACETED MODEL INCLUDES LITERACY TUTORING, BOOK CHOICE & OWNERSHIP, MULTICULTURAL LITERACY PROGRAMMING, FAMILY ENGAGEMENT, WORKFORCE DEVELOPMENT, AND PROFESSIONAL DEVELOPMENT FOR EDUCATORS. COLLECTIVELY, THESE PROGRAMS WORK TOGETHER TO END ILLITERACY, ELEVATE THE TEACHING PROFESSION, AND EQUIP AND EMPLOY EAGER WORKFORCE TALENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $3,947,111 | $6,674,365 | -0.4% |
| Expenses | $4,702,134 | $5,918,116 | -0.2% |
| Net Income | $-755,023 | $756,249 | -2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT H KELLY JR | CEO & PRESID | 40.00 |
Officer
|
$170,580 | $0 | $170,580 |
| MARLA BUCHANAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG BURTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAKESHA BURTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NADIYAH CASEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| W C GENTRY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MEREDITH GUESS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MONE HOLDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JORDAN HOOTEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KAWANZA HUMPHREY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RUDY JAMISON JR | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GLORI KATZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARMEN NORTH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VINCENT TAYLOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VANESSA TUSSEY | VICE-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAKEISHA WELLS-PALMER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ELLEN A WISS | CHAIR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $3,947,111 | $4,702,134 | $2,323,124 | $-755,023 |
| 2021 | $2,569,007 | $1,483,422 | $1,550,513 | $1,085,585 |
| 2020 | $488,776 | $485,272 | $26,251 | $3,504 |
| 2019 | $350,344 | $347,990 | $9,747 | $2,354 |
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