READY TO SUCCEED (EIN 832282113) - 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

2018

Legal Domicile

Principal Officer

ROMI LASSALLY

Phone

4245816296

Tax Period

2022-07-01 to 2023-06-30

READY TO SUCCEED, founded in 2018, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2022. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 37% operating margin.

Mission

TO EMPOWER FOSTER YOUTH IN COLLEGE TO GRADUATE AND LAUNCH MEANINGFUL CAREERS.

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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 $4,549,383

Program Service Revenue $0

Investment Income $6,304

Other Revenue $-7,666

TOTAL REVENUE $4,548,021

Expense Breakdown

Grants Paid $598,627

Salaries & Benefits $1,478,824

Fundraising Expenses $373,528

Program Expenses $2,126,618

Other Expenses $749,603

TOTAL EXPENSES $2,851,054

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,548,021	$2,235,730	+1.0%
Expenses	$2,851,054	$1,841,246	+0.5%
Net Income	$1,696,967	$394,484	+3.3%

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

Employees

Volunteers

238

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

$206,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD KESSLER	CHAIR	4.00	Officer Director	$0	$0	$0
ELIZABETH FRIEDMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAREN KEHELA SHERWOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
TANIA SUSTER	TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS LEE	DIRECTOR	1.00	Director	$0	$0	$0
EMMANUEL BENTON	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE CATALAN	DIRECTOR	1.00	Director	$0	$0	$0
JON GIMBEL	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE VALCIN	DIRECTOR	1.00	Director	$0	$0	$0
ROMI LASSALLY	CO-EXECUTIVE DIRECTOR	40.00	Officer	$135,100	$10,447	$145,547
PATRICK MCCABE	CO-EXECUTIVE DIRECTOR	40.00	Officer	$60,100	$600	$60,700
FRANCES HARDY	DIRECTOR OF DEVELOPMENT	40.00	Highest	$116,433	$9,547	$125,980

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,548,021	$2,851,054	$3,092,875	$1,696,967
2022	$2,235,730	$1,841,246	$1,450,992	$394,484
2021	$435,478	$446,093	$763,363	$-10,615
2020	$1,106,956	$716,326	$842,998	$390,630
2019	$607,031	$251,613	$374,647	$355,418

READY TO SUCCEED