READ INSTITUTE OF TEXAS

EIN: 621838169 501(c)(3)

ALLEN, TX

Total Revenue
$335,380
Total Expenses
$342,322
Total Assets
$3,838
Net Assets
$-7,922
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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
2000
Legal Domicile
TX
Principal Officer
RASHIDANWAR S SHAIKH
Phone
8172612582
Tax Period
2019-01-01 to 2019-12-31

READ INSTITUTE OF TEXAS, founded in 2000, is a small nonprofit that reported $335K in total revenue in fiscal year 2019.

Mission

EDUCATIONAL ORGANIZATION TO DEVELOP EDUCATED YOUNG CHILDREN

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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 (2019)

Revenue Breakdown

Contributions & Grants $335,380
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $335,380

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,743
Fundraising Expenses $0
Program Expenses $100,188
Other Expenses $122,579
TOTAL EXPENSES $342,322

Year-over-Year Comparison

2019 2018 Change
Revenue $335,380 $330,212 +0.0%
Expenses $342,322 $336,791 +0.0%
Net Income $-6,942 $-6,579 +0.1%
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
2
Independent Members
2
Employees
5
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
1
$27,600
Total Directors
1
$27,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RASHIDANWAR SHAIKH OWNER 40
Officer Director
$27,600 $0 $27,600
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
2019 $335,380 $342,322 $3,838 $-6,942
2018 $330,212 $336,791 $3,838 $-6,579
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