BEYOND KIDS READING INC (EIN 861404037) - 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

2020

Legal Domicile

Principal Officer

CRAIG N HORNING

Phone

7813431028

Tax Period

2024-01-01 to 2024-12-31

BEYOND KIDS READING INC, founded in 2020, is a micro nonprofit in the Education sector that reported $88K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $286K exceeded revenue, resulting in a 225% operating deficit.

Mission

BEYOND KIDS READING IS AN INNOVATIVE, EDUCATIONAL SERVICES 501(C)(3) NONPROFIT ORGANIZATION. WE ARE SOCIAL ENTREPRENEURS SEEKING TO FIND MORE EFFICIENT AND EFFECTIVE WAYS TO HELP FAMILIES AND THEIR CHILDREN WHO STRUGGLE WITH READING. WE ARE DEEPLY COMMITTED TO OUR VALUES OF INTEGRITY, COMPASSION, PROFESSIONALISM, AND SIMPLIFYING COMPLEX PROCESSES TO BEST SERVE THE NEEDS OF CHILDREN.

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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 $27,585

Program Service Revenue $54,615

Investment Income $6,020

Other Revenue $0

TOTAL REVENUE $88,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $174,270

Fundraising Expenses $21,368

Program Expenses $151,993

Other Expenses $112,156

TOTAL EXPENSES $286,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,220	$156,728	-0.4%
Expenses	$286,426	$424,218	-0.3%
Net Income	$-198,206	$-267,490	-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

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

$143,520

Total Directors

$143,520

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG HORNING	PRESIDENT/CEO	40.00	Officer Director	$124,020	$19,500	$143,520
DON LOUGHEED	DIRECTOR	2.00	Officer Director	$0	$0	$0
NICK SORVILLO	DIRECTOR/ SECRETARY	2.00	Officer Director	$0	$0	$0
GAYLE NELSON	DIRECTOR/ TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTINE BOYLE	DIRECTOR/ VICE PRESIDENT	2.00	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
2024	$88,220	$286,426	$209,646	$-198,206
2023	$156,728	$424,218	$347,776	$-267,490
2022	$86,002	$361,758	$497,591	$-275,756
2021	$777,802	$286,824	$772,452	$490,978
2020	$250,000	No data	$250,000	No data

BEYOND KIDS READING INC