I WOULD RATHER BE READING

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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

2023

Legal Domicile

Principal Officer

ASHLEY DEARINGER

Phone

5024131510

Tax Period

2024-01-01 to 2024-12-31

I WOULD RATHER BE READING, founded in 2023, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $462K, a strong 41% operating margin.

Mission

STUDENTS SUFFERING WITH READING DIFICULTIES ARE AT THE CENTER OF THE HEART OF THIS ORGAINZATION WE REACH OUT TO THIS POPULATION THRU BEFORE AND AFTER SCHOOL INDIVIDUAL ASSISTANCE AND SUMMER CAMPS

Program Service Accomplishments

Program 1

WE SERVED OVER 500 STUDENTS IN AFTER SCHOOL AND SUMMER CAMP PROGRAMS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,136,478

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,136,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $506,600

Fundraising Expenses $38,904

Other Expenses $167,640

TOTAL EXPENSES $674,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,136,478	$647,054	+0.8%
Expenses	$674,240	N/A	N/A
Net Income	$462,238	$647,054	-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

N/A

Employees

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
BRIDGET DALE	VICE CHAIR	010.00	Director	$0	$0	$0
HEATHER MOSS	BOARD CHAIR	010.00	Officer	$0	$0	$0
ZION SMITH	TREASURER	010.00	Officer	$0	$0	$0
TRACY ASHFORD	BOARD MEMBER	010.00	Officer	$0	$0	$0
DAVID BOONE	BOARD MEMBER	010.00	Officer	$0	$0	$0
NEIL WASHNOCK	BOARD MEMBER	010.00	Officer	$0	$0	$0
EBONY BARTEE	BOARD MEMBER	010.00	Officer	$0	$0	$0
DEON REESE	CAP CHAIR	010.00	Officer	$0	$0	$0
SHANNON WEIDEK	BOARD MEMBER	010.00	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	$1,136,478	$674,240	$780,377	$462,238
2024	$1,117,309	$938,430	$808,033	$178,879
2024	$1,117,309	$938,430	$808,033	$178,879
2023	$647,054	$596,605	No data	$50,449
2022	$541,346	$610,201	No data	$-68,855
2021	$389,181	$213,469	No data	$175,712
2021	$293,443	$293,638	No data	$-195