Read 2 Win (EIN 823272687) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Principal Officer

Sultan Cole

Tax Period

2022-01-01 to 2022-12-31

Read 2 Win, founded in 2017, is a small nonprofit in the Education sector that reported $130K in total revenue in fiscal year 2022. Expenses of $161K exceeded revenue, resulting in a 24% operating deficit.

Mission

The Purpose of Read 2 Win is to match a local church, business, and/or community stakeholders with all Fort Worth ISD, Crowley ISD, Eagle Mountain-Saginaw ISD, Lake Worth ISD, and Arlington ISD elementary schools by providing caring, trained volunteer adult reading coach to assis

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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 (2022)

Revenue Breakdown

Contributions & Grants $130,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $130,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,844

Fundraising Expenses $0

Program Expenses $161,425

Other Expenses $21,581

TOTAL EXPENSES $161,425

Year-over-Year Comparison

	2022	2021	Change
Revenue	$130,000	N/A	N/A
Expenses	$161,425	N/A	N/A
Net Income	$-31,425	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jack Crane	Board Member	1.00	Officer	$0	$0	$0
Andrew Bloom	Board Member	1.00	Officer	$0	$0	$0
Neil Noakes	Board Member	1.00	Officer	$0	$0	$0
Mike Moynihan	Board Member	1.00	Officer	$0	$0	$0
Kandice Cole	Vice Chair	1.00	Officer	$0	$0	$0
Charles Waldrop	Board Secretary	1.00	Officer	$0	$0	$0
Sultan Cole	Chair	1.00	Officer	$0	$0	$0
Randle Howard	Board Member	1.00	Officer	$0	$0	$0
Reginald Gates	Board Member	1.00	Officer	$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
2022	$130,000	$161,425	$53,607	$-31,425
2021	$138,398	$152,780	$83,322	$-14,382
2020	$208,334	$139,326	$98,383	$69,008
2019	$221,813	$218,231	$29,179	$3,582
2018	$160,238	$135,537	$27,189	$24,701

Read 2 Win