READYKIDS INC (EIN 540546000) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1921

Legal Domicile

Principal Officer

Jacqueline Bryant

Phone

4342964118

Tax Period

2024-07-01 to 2025-06-30

ReadyKids Inc, founded in 1921, is a community nonprofit in the Human Services sector that reported $3.1M in total revenue in fiscal year 2017. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $536K, a strong 17% operating margin.

Mission

ReadyKids promotes kids' well-being through counseling, family support, and early learning opportunities. For over 100 years, we have served Charlottesville and the five surrounding counties with programs and services that respond to the changing needs of kids and families. In FY25, we impacted more than 5,300 kids, parents, and caregivers through our seven programs, and 94.6% of participants met targeted outcomes. ReadyKids uses an accrual based accounting system, which recognizes multi-year gifts in the years they were received. The current year financials reflect an environment where two multi year gifts were expiring simultaneously, resulting in a small deficit. This is offset by corresponding surpluses in prior years where the gifts were recognized. Over the last 5 years, ReadyKids has run a small surplus of roughly $128,000. This reflects our commitment to using gifts a presented, and managing finances and staffing correctly.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,071,802

Program Service Revenue $0

Investment Income $25,697

Other Revenue $60,014

TOTAL REVENUE $3,157,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,205,306

Fundraising Expenses $324,459

Program Expenses $3,266,428

Other Expenses $522,324

TOTAL EXPENSES $3,727,630

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,157,513	$3,351,751	-0.1%
Expenses	$3,727,630	$3,289,249	+0.1%
Net Income	$-570,117	$62,502	-10.1%

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

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

$152,459

Total Directors

Key Employees

$409,128

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jacki Bryant	Executive Director	40	Officer Key Emp Highest	$141,981	$10,478	$152,459
Melissa Cohen	Deputy Executive Director	40	Key Emp Highest	$123,404	$10,478	$133,882
Bill Barefoot	Director of Finance & Operations	40	Key Emp Highest	$111,408	$11,379	$122,787
Jasdeep Heim	Director	5	Director	$0	$0	$0
Charlsie Stratton	Director	5	Director	$0	$0	$0
Polly Clark	Director	5	Director	$0	$0	$0
Whitmore Merrick	Director	5	Director	$0	$0	$0
Laura Roller	Director	5	Director	$0	$0	$0
Kevin McDonald	Director	5	Director	$0	$0	$0
Louis Citron	Treasurer	5	Director	$0	$0	$0
Christine McNeeley	Director	5	Director	$0	$0	$0
Peter Schleck	Director	5	Director	$0	$0	$0
Michael Gerard Mason	Director	5	Director	$0	$0	$0
John Bowen IV	Director	5	Director	$0	$0	$0
Irtefa Binte-Farid	Director	5	Director	$0	$0	$0
Elaine Bailey	Director	5	Director	$0	$0	$0
Sarah Yeung	Secretary	5	Director	$0	$0	$0
Mike Chinn	President	5	Director	$0	$0	$0
Natalia Palacios	Vice President	5	Director	$0	$0	$0
Jada Cox	Director	5	Director	$0	$0	$0
Carolyn Schuyler	Director	5	Director	$0	$0	$0
Taylor McLeod	Director	5	Director	$0	$0	$0
Drew Courtney	Director	5	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
2025	$3,157,513	$3,727,630	$5,582,902	$-570,117
2024	$3,351,751	$3,289,249	$6,078,070	$62,502
2023	$3,591,026	$3,261,975	$6,170,432	$329,051
2022	$2,835,341	$2,966,386	$5,583,049	$-131,045
2021	$3,146,682	$2,785,309	$6,024,338	$361,373
2020	$3,150,697	$3,264,594	$6,190,318	$-113,897
2019	$3,842,795	$2,627,390	$5,573,592	$1,215,405
2018	$3,143,812	$2,607,637	$4,010,729	$536,175

READYKIDS INC