ISLAND READERS & WRITERS AN INITIATIVE FOR MAINE CHILDREN

EIN: 753225744 501(c)(3) Education

MOUNT DESERT, ME

Total Revenue
$3,187,950
Total Expenses
$581,976
Total Assets
$5,077,955
Net Assets
$5,077,017
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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
2007
Legal Domicile
ME
Principal Officer
LAUREN JENNINGS
Phone
2072445111
Tax Period
2024-01-01 to 2024-12-31

ISLAND READERS & WRITERS AN INITIATIVE FOR MAINE CHILDREN, founded in 2007, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 82% operating margin.

Mission

ISLAND READERS & WRITERS' MISSION IS TO INSPIRE A PASSION FOR READING AND LEARNING. WE DO THIS BY BRINGING CHILDREN'S BOOKS AND THE AUTHORS AND ILLUSTRATORS WHO CREATED THEM TOGETHER WITH CHILDREN AND PROVIDING PROFESSIONAL DEVELOPMENT CONFERENCES AND WORKSHOPS TO RURAL EDUCATORS IN MAINE AND NEW ENGLAND.

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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 $3,032,637
Program Service Revenue $8,180
Investment Income $147,133
Other Revenue $0
TOTAL REVENUE $3,187,950

Expense Breakdown

Grants Paid $0
Salaries & Benefits $328,778
Fundraising Expenses $80,720
Program Expenses $392,815
Other Expenses $253,198
TOTAL EXPENSES $581,976

Year-over-Year Comparison

2024 2023 Change
Revenue $3,187,950 $2,577,924 +0.2%
Expenses $581,976 $512,657 +0.1%
Net Income $2,605,974 $2,065,267 +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
6
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAN COATES EXECUTIVE DI 40.00
Director
$0 $0 $0
ELIZABETH HODDER CORBUS DIRECTOR 1.00
Director
$0 $0 $0
ANDREA GILMORE TREASURER 1.00
Officer Director
$0 $0 $0
ALEXANDRA HINRICHS DIRECTOR 1.00
Director
$0 $0 $0
DR DEBOHAH JAMIESON VICE PRESIDE 1.00
Officer Director
$0 $0 $0
LAUREN JENNINGS PRESIDENT 3.00
Officer Director
$0 $0 $0
SUSAN PECK SECRETARY 1.00
Officer 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
2024 $3,187,950 $581,976 $5,077,955 $2,605,974
2023 $2,577,924 $512,657 $2,528,739 $2,065,267
2022 $380,241 $437,865 $457,947 $-57,624
2021 $440,800 $383,287 $526,395 $57,513
2020 $423,080 $387,445 $459,924 $35,635
2019 $480,329 $440,058 $418,125 $40,271
2018 $454,923 $424,073 $374,661 $30,850
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