Read Early and Daily READ (EIN 823345797) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

Jeffrey Joseph

Phone

2024126655

Tax Period

2024-01-01 to 2024-12-31

Read Early and Daily READ, founded in 2017, is a small nonprofit in the Education sector that reported $160K in total revenue in fiscal year 2022. Revenue surged 59% from the prior year, signaling strong growth momentum.

Mission

Empower families to foster empathy, curiosity, and self-confidence in their young children through the joy of reading together every day. Provide new, quality, mirror and window books to babies and young children.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $112,184

Program Service Revenue $12,675

Investment Income $500

Other Revenue $165,765

TOTAL REVENUE $291,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,412

Fundraising Expenses $4,926

Program Expenses $239,776

Other Expenses $189,151

TOTAL EXPENSES $264,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$291,124	$340,582	-0.1%
Expenses	$264,563	$213,860	+0.2%
Net Income	$26,561	$126,722	-0.8%

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

Volunteers

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

$17,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephanie Hopkins	President	2.00	Officer Director	$0	$0	$0
Nadya Abu-Rish	Secretary	2.00	Officer Director	$0	$0	$0
Jeffrey Joseph	Treasurer	2.00	Officer Director	$0	$0	$0
Moley Evans	Director	1.00	Director	$0	$0	$0
Eby Okonkwo	Director	1.00	Director	$0	$0	$0
Jennifer Sauter-Price	Executive Director	10.00	Officer	$17,040	$0	$17,040
Elisa Rosman	Director	1.00	Officer	$0	$0	$0
Lauren Harris	Director	1.00	Officer	$0	$0	$0
Joanna Beituni	Director	1.00	Officer	$0	$0	$0
Rupa Bhattacharyya	Director	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
2024	$291,124	$264,563	$349,780	$26,561
2023	$340,582	$213,860	$271,525	$126,722
2022	$159,854	$158,361	$115,268	$1,493

Read Early and Daily READ