JOYFUL READERS INC (EIN 862200001) - 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

2021

Legal Domicile

Principal Officer

DAVID WEINSTEIN

Phone

2674675165

Tax Period

2024-07-01 to 2025-06-30

JOYFUL READERS INC, founded in 2021, is a community nonprofit in the Youth Development sector that reported $2.2M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 8% surplus.

Mission

ENSURE THAT ALL STUDENTS GAIN THE LITERACY SKILLS THEY NEED TO BECOME SUCCESSFUL READERS.

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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 $1,589,848

Program Service Revenue $633,333

Investment Income $0

Other Revenue $5,438

TOTAL REVENUE $2,228,619

Expense Breakdown

Grants Paid $795,720

Salaries & Benefits $889,447

Fundraising Expenses $142,589

Program Expenses $1,793,668

Other Expenses $362,186

TOTAL EXPENSES $2,047,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,228,619	$2,305,404	0.0%
Expenses	$2,047,353	$1,822,081	+0.1%
Net Income	$181,266	$483,323	-0.6%

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

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

$118,828

Total Directors

$118,828

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WEINSTEIN	EXECUTIVE DIRECTOR	40.00	Officer Director	$110,860	$7,968	$118,828
BRITTNEY MATYAS CPA	PRESIDENT	2.00	Officer Director	$0	$0	$0
VIRGIL SHEPPARD	SECRETARY	2.00	Officer Director	$0	$0	$0
BARRY SILVER	TREASURER	2.00	Officer Director	$0	$0	$0
ANTONIO J BURRELL ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA CARTER	BOARD MEMBER	2.00	Director	$0	$0	$0
TIMOTHY GALAZ ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
AMANDA GAMBLE	BOARD MEMBER	2.00	Director	$0	$0	$0
SHARON MARINO	BOARD MEMBER	2.00	Director	$0	$0	$0
PRERNA SRIVASTAVA	BOARD MEMBER	2.00	Director	$0	$0	$0
SAMANTHA ELLIS	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID RHODEN	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
2025	$2,228,619	$2,047,353	$937,296	$181,266
2024	No data	No data	No data	No data
2023	$1,308,932	$1,173,327	$278,927	$135,605

JOYFUL READERS INC