OUR KIDS READ ASSOCIATION INC (EIN 833401365) - 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

2019

Legal Domicile

Principal Officer

JAHMAL LAKE

Phone

9176863629

Tax Period

2023-01-01 to 2023-12-31

OUR KIDS READ ASSOCIATION INC, founded in 2019, is a small nonprofit in the Education sector that reported $312K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE THE LOVE OF PHYSICAL DIVERSE BOOKS WITH CHILDREN AGES 4-12.

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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 (2023)

Revenue Breakdown

Contributions & Grants $311,838

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $311,838

Expense Breakdown

Grants Paid $211,180

Salaries & Benefits $0

Fundraising Expenses $1,500

Program Expenses $310,842

Other Expenses $129,750

TOTAL EXPENSES $340,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,838	$564,452	-0.4%
Expenses	$340,930	$525,599	-0.4%
Net Income	$-29,092	$38,853	-1.7%

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

300

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
JAHMAL LAKE	EXECUTIVE DIRECTOR	16.00	Officer Director	$0	$0	$0
MYRLEEN SPRINGER	TREASURER	2.00	Officer Director	$0	$0	$0
DENISE DOIG	SECRETARY	2.00	Officer Director	$0	$0	$0
VANESSA FERNANDEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MARQUIS PARKER	BOARD MEMBER	2.00	Director	$0	$0	$0
KAMIL ALI-JACKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
KAREN ALI	BOARD MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$311,838	$340,930	$5,583	$-29,092
2022	$564,452	$525,599	$16,891	$38,853

OUR KIDS READ ASSOCIATION INC