BURST INTO BOOKS

EIN: 832040166 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
$416,668
Total Expenses
$438,138
Total Assets
$28,904
Net Assets
$22,604
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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
2018
Legal Domicile
IL
Tax Period
2023-01-01 to 2023-12-31

BURST INTO BOOKS, founded in 2018, is a small nonprofit in the Human Services sector that reported $417K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

COMMUNITY LITERACY OUTREACH TO DISADVANTAGED AND POOR COMMUNITIES IN THE STATE OF ILLINOIS

Program Service Accomplishments

Program 1
Expenses: $382,045

ORGANIZATION PROVIDED COMPUTER, READING SKILLS DEVELOPMENT AND EDCUATIONAL SKILLS TO THE CHICAGO INNER CITY COMMUNITIES. OVER 500 ADULTS AND CHILDREN BENEFITED FROM OUTREACH LITERACY 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $416,668
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $416,668

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,989
Fundraising Expenses $0
Program Expenses $382,045
Other Expenses $410,149
TOTAL EXPENSES $438,138

Year-over-Year Comparison

2023 2022 Change
Revenue $416,668 $305,335 +0.4%
Expenses $438,138 $122,828 +2.6%
Net Income $-21,470 $182,507 -1.1%
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
4
Independent Members
4
Employees
1
Volunteers
62

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
$26,000
Total Directors
4
$26,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUREMA GORHAM EXECUTIVE DIRECTOR 20.00
Officer Director
$26,000 $0 $26,000
DANA WILLIAMSON BOARD MEMBER 5.00
Officer Director
$0 $0 $0
KELLI HOBSON BOARD MEMBER 5.00
Officer Director
$0 $0 $0
JILLIAN CAREW BOARD MEMBER 5.00
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
2023 $416,668 $438,138 $28,904 $-21,470
2022 $305,335 $312,640 $50,374 $-7,305
2021 $261,415 $214,525 $57,679 $46,890
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