READ ALOUD WEST VIRGINIA INC (EIN 550671504) - 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

1987

Legal Domicile

Principal Officer

PATRICIA DAWN MILLER

Phone

3043455212

Tax Period

2023-07-01 to 2024-06-30

READ ALOUD WEST VIRGINIA INC, founded in 1987, is a small nonprofit that reported $242K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

READING/LITERACY SERVICES AND PROGRAMS FOR CHILDREN LOCATED IN WEST VIRGINIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $240,705

Program Service Revenue $0

Investment Income $1,537

Other Revenue $0

TOTAL REVENUE $242,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,285

Fundraising Expenses $6,379

Program Expenses $180,203

Other Expenses $109,057

TOTAL EXPENSES $246,342

Year-over-Year Comparison

	2023	2022	Change
Revenue	$242,242	$172,242	+0.4%
Expenses	$246,342	$244,039	+0.0%
Net Income	$-4,100	$-71,797	-0.9%

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

1000

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

Total Directors

$75,536

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KAWASH	PRESIDENT	3.00	Officer Director	$0	$0	$0
ROBERT PEPPER	TREASURER	2.00	Officer Director	$0	$0	$0
FRANK MCCULLOUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE DAVENPORT	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY CROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL PROOPS	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM TINDER	SECRETARY	2.00	Officer Director	$0	$0	$0
ERICA BAUMGRAS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MELODY SIMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICIA DAWN MILLER	EXECUTIVE DIRECTOR	45.00	Director	$75,536	$0	$75,536
CHARLOTTE DAUPHIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DURAL MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
CASEY WILSON	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2024	$242,242	$246,342	$248,511	$-4,100
2023	$172,242	$244,039	$251,219	$-71,797
2022	$263,072	$239,162	$316,722	$23,910
2021	$258,095	$199,749	$291,539	$58,346

READ ALOUD WEST VIRGINIA INC