ATLANTIC BEACH, FL
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
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. MORE SPECIFICALLY, READ USA SEEKS TO BREAK THE CYCLE OF POVERTY BY PROVIDING LITERACY RESOURCES TO FAMILIES AND CHILDREN IN LOW-INCOME HOUSEHOLDS. RESEARCH SHOWS THAT TWO-THIRDS OF LOW-INCOME HOMES HAVE ZERO BOOKS AND TWO-THIRDS OF FOURT
LAST YEAR, READ USA SERVED OVER 50,000 PRE-SCHOOL AGE AND ELEMENTARY SCHOOL STUDENTS FROM OVER 100 ELEMENTARY SCHOOLS AND 5 COMMUNITY CENTERS THAT SERVE CHILDREN FROM UNDER-RESOURCED COMMUNITIES WITH...
LAST YEAR, READ USA SERVED OVER 50,000 PRE-SCHOOL AGE AND ELEMENTARY SCHOOL STUDENTS FROM OVER 100 ELEMENTARY SCHOOLS AND 5 COMMUNITY CENTERS THAT SERVE CHILDREN FROM UNDER-RESOURCED COMMUNITIES WITH OVER 100,000 BRAND NEW, AGE-APPROPRIATE BOOKS THEY SELECTED FOR FREE TO BUILD THEIR HOME LIBRARIES.
READ USA EXPANDED ITS LITERACY TUTORING INTERVENTION PROGRAM, EMPLOYING, TRAINING, AND SUPERVISING OVER 585 HIGH SCHOOL TEENS AND HIRING OVER 100 LICENSED EDUCATORS WITHIN THE SCHOOL DISTRICT. THESE...
READ USA EXPANDED ITS LITERACY TUTORING INTERVENTION PROGRAM, EMPLOYING, TRAINING, AND SUPERVISING OVER 585 HIGH SCHOOL TEENS AND HIRING OVER 100 LICENSED EDUCATORS WITHIN THE SCHOOL DISTRICT. THESE TEEN TUTORS RECEIVED TRAINING ON THE CURRICULUM MATERIALS AND PROFESSIONAL WORK ENVIRONMENT EXPECTATIONS AND SKILLS. THEY WERE THEN PAIRED WITH NEARLY 1,750 ELEMENTARY SCHOOL STUDENTS IDENTIFIED BY THE SCHOOL DISTRICT AS BELOW GRADE LEVEL READERS FOR DAILY, INTENSIVE ONE-TO-ONE LITERACY TUTORING SESSIONS IN DUVAL COUNTY ELEMENTARY SCHOOLS. PRE- AND POST-ASSESSMENT TESTS WERE ANALYZED AND VERIFIED BY A THIRD-PARTY SOURCE, THE OHIO STATE UNIVERSITY, WHICH PROVED THE INTERVENTION TO BE HIGHLY EFFECTIVE IN PRODUCING READING GAINS FOR BOTH THE TEEN TUTORS AS WELL AS THE YOUNGER STUDENTS THEY LED.
READ USA HELD A COMMUNITY EVENT, "PEACE IN THE PAGES," RAISING AWARENESS FOR LITERACY AND ITS MULTI-FACETED PROGRAMMING BY HONORING SEVEN COMMUNITY LEADERS WHO EXEMPLIFY THE RELATIONSHIP BETWEEN...
READ USA HELD A COMMUNITY EVENT, "PEACE IN THE PAGES," RAISING AWARENESS FOR LITERACY AND ITS MULTI-FACETED PROGRAMMING BY HONORING SEVEN COMMUNITY LEADERS WHO EXEMPLIFY THE RELATIONSHIP BETWEEN LITERACY AND PEACE, PROSPERITY, EMPATHY, NON-VIOLENCE, JUSTICE, AND FREEDOM. PEACE IN THE PAGES ALSO PROVIDES AN ANNUAL PROGRAMMING AND IMPACT UPDATE TO THE ORGANIZATION'S DONORS, GRANTORS, AND FUNDERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
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
Sign in to view all financial metrics
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 |
Compare READ USA INC with other nonprofits in Florida and across the country.