PLANETREAD

EIN: 571198966 501(c)(3) Education

PIEDMONT, CA

Total Revenue
$150,427
Total Expenses
$543,734
Total Assets
$773,558
Net Assets
$773,558
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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
2004
Legal Domicile
CA
Phone
5104353175
Tax Period
2024-07-01 to 2025-06-30

PLANETREAD, founded in 2004, is a small nonprofit in the Education sector that reported $150K in total revenue in fiscal year 2024. Expenses of $544K exceeded revenue, resulting in a 261% operating deficit.

Mission

PlanetRead innovated Same Language Subtitling SLS for mass reading literacy. Champions SLS-related impact research pilots speech-to-text technology development and systemwide adoption and implementation on TV and streaming platforms for reading media access and language learning. Currently: India.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $137,305
Program Service Revenue $0
Investment Income $13,122
Other Revenue $0
TOTAL REVENUE $150,427

Expense Breakdown

Grants Paid $356,539
Salaries & Benefits $148,723
Fundraising Expenses $10,000
Program Expenses $504,558
Other Expenses $33,472
TOTAL EXPENSES $543,734

Year-over-Year Comparison

2024 2023 Change
Revenue $150,427 $151,374 0.0%
Expenses $543,734 $336,887 +0.6%
Net Income $-393,307 $-185,513 +1.1%
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

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Governance

Voting Members
4
Independent Members
3
Employees
1
Volunteers
N/A

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
0
$0
Total Directors
4
$148,019
Key Employees
1
$148,019
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brij Kothari Director 40.00
Director Key Emp Highest
$148,019 $0 $148,019
Shweta Suresh Board Chair Director 0.50
Director
$0 $0 $0
Megan Smith Director 0.50
Director
$0 $0 $0
Robert Lynch CFO Director 0.50
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 $150,427 $543,734 $773,558 $-393,307
2024 $151,374 $336,887 $1,166,865 $-185,513
2023 $1,406,707 $74,984 $1,352,378 $1,331,723
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