READYONE INDUSTRIES INC

EIN: 742544266 501(c)(3) Employment

EL PASO, TX

Total Revenue
$46,888,319
Total Expenses
$48,538,463
Total Assets
$69,176,353
Net Assets
$50,263,869
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
TX
Principal Officer
LUPE SOTO
Phone
9158587277
Tax Period
2023-01-01 to 2023-12-31

READYONE INDUSTRIES INC, founded in 1989, is a mid-sized nonprofit in the Employment sector that reported $46.9M in total revenue in fiscal year 2023.

Mission

READYONE INDUSTRIES CREATES A SUPPORTIVE EMPLOYMENT ENVIRONMENT THAT (CONTINUED ON SCHEDULE O) CHAMPIONS DIVERSITY, EQUITY, AND INCLUSION, PROVIDING MEANINGFUL WORK OPPORTUNITIES FOR INDIVIDUALS OF ALL ABILITIES, ETHNICITIES, AND ORIENTATIONS. OUR MISSION EMPHASIZES NOT ONLY THE EMPOWERMENT OF PERSONS WITH DISABILITIES BUT ALSO EXTENDS OUR SUPPORT TO MILITARY VETERANS, ENSURING PATHWAYS FOR SELF-DETERMINATION AND SUCCESS IN BOTH PERSONAL AND PROFESSIONAL LIVES. WITH A COMMITMENT TO SKILL DEVELOPMENT, WE STRIVE TO ENRICH THE LIVES OF OUR WORKFORCE WHILE ATTRACTING FUTURE SUPPORT FROM GRANTING ORGANIZATIONS THAT RECOGNIZE THE PROFOUND IMPACT OF OUR PROGRAMS ON BOTH THE WORKFORCE AND THE BROADER COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $40,854,080
Program Service Revenue $4,448,149
Investment Income $751,850
Other Revenue $834,240
TOTAL REVENUE $46,888,319

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,789,308
Fundraising Expenses $0
Program Expenses $47,248,202
Other Expenses $35,749,155
TOTAL EXPENSES $48,538,463

Year-over-Year Comparison

2023 2022 Change
Revenue $46,888,319 $47,555,263 0.0%
Expenses $48,538,463 $50,037,001 0.0%
Net Income $-1,650,144 $-2,481,738 -0.3%
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
7
Independent Members
7
Employees
632
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
5
$723,309
Total Directors
10
$246,252
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT ROCKEY DIRECTOR 11.11
Director
$23,375 $0 $23,375
NANCY HEIMBAUGH DIRECTOR 11.13
Director
$15,558 $0 $15,558
LTG RET SOLOMON DIRECTOR 17.68
Director
$24,720 $0 $24,720
BRADLEY DAVIS DIRECTOR 22.67
Director
$33,715 $0 $33,715
CARMEN ARRIETA- CANDELARIA CHAIRMAN, DIRECTOR 21.50
Officer Director
$48,290 $0 $48,290
RENE PENA DIRECTOR 8.76
Director
$26,015 $0 $26,015
EDUARDO MONAREZ SECRETARY, DIRECTOR 16.60
Officer Director
$30,213 $0 $30,213
THOMAS ROBINSON DIRECTOR 10.35
Director
$15,858 $0 $15,858
JOYCE A WILLSON DIRECTOR 4.15
Director
$17,875 $0 $17,875
LARRY WYCHE DIRECTOR 8.00
Director
$10,633 $0 $10,633
WESLEY WELLONS PRESIDENT/COO 60.00
Officer
$256,465 $22,946 $279,411
MARIA G SOTO CHIEF FINANCIAL OFFICER 60.00
Officer
$173,795 $21,423 $195,218
MARK SHORT VICE PRESIDENT OF BUSINESS 50.00
Officer
$163,594 $6,583 $170,177
GERONIMO MEDINA GENERAL MANAGER GARMENT DI 60.00
Highest
$152,692 $0 $152,692
LORETTA HEMSWORTH DIRECTOR OF CORRUGATED 50.00
Highest
$138,167 $9,718 $147,885
MARIA E GOMEZ DIRECTOR OF ENGINEERING 50.00
Highest
$111,409 $6,911 $118,320
MARIA I MERAZ DIRECTOR OF CONTRACTS ADMI 40.00
Highest
$104,122 $9,051 $113,173
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 No data No data No data No data
2023 $46,888,319 $48,538,463 $69,176,353 $-1,650,144
2022 $47,555,263 $50,037,001 $56,295,886 $-2,481,738
2021 $73,579,392 $79,844,058 $60,180,340 $-6,264,666
2020 $102,603,923 $103,061,758 $82,380,053 $-457,835
2019 $132,351,795 $129,494,618 $75,765,005 $2,857,177
2018 $114,264,413 $110,834,151 $72,217,623 $3,430,262
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