READING NOOK ACADEMY (EIN 863962737) - 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

Millie Porter

Phone

6019904085

Tax Period

2023-08-01 to 2024-07-31

READING NOOK ACADEMY, founded in 2021, is a small nonprofit in the Education sector that reported $670K in total revenue in fiscal year 2023. Expenses of $595K left a modest 11% surplus.

Mission

Provide each child with a formal education that will benefit and help them excel for a lifetime. Our mission is to provide our students with a personal cirrculum that allows them to progress at their own pace, and at the same time diminish each child's personal discourgement concerning education.

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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 $0

Program Service Revenue $670,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $670,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $418,933

Fundraising Expenses $0

Program Expenses $595,106

Other Expenses $176,173

TOTAL EXPENSES $595,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$670,000	$658,755	+0.0%
Expenses	$595,106	$708,746	-0.2%
Net Income	$74,894	$-49,991	-2.5%

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

N/A

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

$26,414

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Millicent Porter	Founder	40	Officer	$26,414	$0	$26,414
Katherine Flynn	Member	0	Officer	$0	$0	$0
Kelly Earls	Member	0.00	Officer	$0	$0	$0
Clay Woolley	Member	0.00	Officer	$0	$0	$0
Sonny Brown	Member	0.00	Officer	$0	$0	$0
Doug Kimble	Member	0.00	Officer	$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	$670,000	$595,106	No data	$74,894
2023	$658,755	$708,746	No data	$-49,991
2022	$471,565	$433,948	No data	$37,617

READING NOOK ACADEMY