FIRST BOOK (EIN 521779606) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Phone

2023931222

Tax Period

2024-01-01 to 2024-12-31

FIRST BOOK, founded in 1992, is a mid-sized nonprofit in the Education sector that reported $92.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

Imagine a world where every child experiences the benefits of a quality education. We're on a mission to ensure that all children, regardless of their background or zip code, can succeed and reach their full potential.

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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 $75,605,170

Program Service Revenue $16,500,551

Investment Income $218,358

Other Revenue $632

TOTAL REVENUE $92,324,711

Expense Breakdown

Grants Paid $5,747,631

Salaries & Benefits $9,799,249

Fundraising Expenses $2,486,081

Program Expenses $87,637,193

Other Expenses $78,265,716

TOTAL EXPENSES $93,812,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,324,711	$85,122,503	+0.1%
Expenses	$93,812,596	$88,386,667	+0.1%
Net Income	$-1,487,885	$-3,264,164	-0.5%

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

Governance

Voting Members

Independent Members

Employees

106

Volunteers

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

$907,126

Total Directors

$229,684

Key Employees

$455,463

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE ZIMMER	PRESIDENT AND CEO	35.0	Officer Director	$214,863	$14,821	$229,684
ARTIE STARRS	DIRECTOR	1.0	Director	$0	$0	$0
CARLA THOMPSON PAYTON	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTOPHER CERF	DIRECTOR	1.0	Director	$0	$0	$0
DR MARTHA BERNADETT	DIRECTOR	1.0	Director	$0	$0	$0
KAREN KEHELA SHERWOOD	DIRECTOR	1.0	Director	$0	$0	$0
KATHY FRANKLIN	DIRECTOR	1.0	Director	$0	$0	$0
LIBBY DOGGETT	DIRECTOR	1.0	Director	$0	$0	$0
LIDIA SOTO-HARMON	DIRECTOR	1.0	Director	$0	$0	$0
MANISH MADHAVANI	DIRECTOR	1.0	Director	$0	$0	$0
DANIEL STOKES	CHIEF ADMINISTRATIVE OFFICER	35.0	Officer	$226,653	$18,131	$244,784
ENRIQUE PINILLA	CHIEF OPERATING OFFICER	35.0	Officer	$133,593	$15,578	$149,171
Etienne Veber	Chief Operating Officer	35.0	Officer	$48,703	$5,863	$54,566
WENDY LIN	Chief Financial Officer	35.0	Officer	$215,436	$13,485	$228,921
CHRISTOPHER STINE	Senior Vice President, IT	35.0	Key Emp	$212,125	$13,997	$226,122
DANA BOND	Executive Vice President, Strategic Alliances	35.0	Key Emp	$214,707	$14,634	$229,341
ELIZABETH HERLING	Vice President, Marketing and Communications	35.0	Highest	$161,848	$1,250	$163,098
LORI PRINCE	VICE PRESIDENT, ECOMMERCE	35.0	Highest	$122,695	$13,337	$136,032
LYNNETTE APPLING	Vice President, Human Resources	35.0	Highest	$150,060	$13,493	$163,553
Sarah Sugarman	Senior Vice President, Network Engagement	35.0	Highest	$126,148	$10,088	$136,236
STACI HARRIS	Senior Director, Marketing and Communication	35.0	Highest	$130,101	$919	$131,020

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	$92,324,711	$93,812,596	$35,985,039	$-1,487,885
2023	$85,122,503	$88,386,667	$35,649,333	$-3,264,164
2022	$104,666,814	$120,387,234	$38,860,607	$-15,720,420
2021	$119,219,618	$102,941,147	$78,359,379	$16,278,471
2020	$126,947,043	$133,980,886	$36,886,545	$-7,033,843
2019	$95,484,650	$101,137,707	$42,783,579	$-5,653,057
2018	$96,220,965	$94,889,118	$47,823,862	$1,331,847

FIRST BOOK