READABILITY MATTERS (EIN 834462479) - 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

MARJORIE JORDAN

Phone

9706580970

Tax Period

2024-01-01 to 2024-12-31

READABILITY MATTERS, founded in 2019, is a micro nonprofit in the Education sector that reported $20K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $180K exceeded revenue, resulting in a 780% operating deficit.

Mission

EXPANDING ACCESS TO PERSONALIZED READING MATERIAL TO FURTHER INDIVIDUAL READING FORMATS

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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 $1,912

Program Service Revenue $18,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,412

Expense Breakdown

Grants Paid $33,448

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,170

Other Expenses $146,241

TOTAL EXPENSES $179,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,412	$24,541	-0.2%
Expenses	$179,689	$209,368	-0.1%
Net Income	$-159,277	$-184,827	-0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$120,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARJORIE JORDAN	CHAIR	032.00	Director	$60,000	$0	$60,000
KATHLEEN CROWLEY	SEC TREASURER	032.00	Director	$60,000	$0	$60,000
TANYA MONSEF	DIRECTOR	001.00	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	$20,412	$179,689	$141,961	$-159,277
2023	$24,541	$209,368	$301,238	$-184,827
2022	$449,663	$164,559	$486,065	$285,104
2021	$243,605	$107,228	$200,966	$136,377
2020	$250,000	$179,915	$64,629	$70,085
2019	No data	$4,434	$100	No data

READABILITY MATTERS