READYONE INDUSTRIES INC

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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

1989

Legal Domicile

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

TO PROVIDE EMPLOYMENT TO INDIVIDUALS WITH SIGNIFICANT DISABILITIES IN AN ENVIRONMENT THAT INSPIRES AND NURTURES SELF DETERMINATION AND SUCCESS. EMPLOYING 254 SEVERELY DISABLED INDIVIDUALS AT DECEMBER 31, 2023.

Program Service Accomplishments

Program 1

Expenses: $47,248,202 Revenue: $4,450,337

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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 $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

Governance

Voting Members

Independent Members

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

$723,309

Total Directors

$246,252

Key Employees

Highest Compensated

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