READ FORT WORTH (EIN 871154061) - 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

2022

Legal Domicile

Principal Officer

ELIZABETH BRANDS

Phone

8173632000

Tax Period

2022-08-01 to 2023-02-28

READ FORT WORTH, founded in 2022, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2022.

Mission

THE MISSION OF READ FORT WORTH IS TO ENSURE THAT ALL STUDENTS IN THE CITY OF FORT WORTH, TEXAS READ ON GRADE LEVEL BY THIRD GRADE. THEY BELIEVE THAT THIS WILL EQUIP THE STUDENTS ON THE PATH TO SUCCESS IN SCHOOL AND IN LIFE. THE OFFICERS AND DIRECTORS OF READ FORT WORTH PARTNER WITH FORT WORTH INDEPENDENT SCHOOL DISTRICT (FWISD) ADMINISTRATORS, TEACHERS, AND FAMILIES TO WORK TOWARD THE COMMON GOAL OF ENSURING THAT ALL STUDENTS CAN READ ON GRADE LEVEL BY THIRD GRADE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,890,028

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,890,028

Expense Breakdown

Grants Paid $1,889,993

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,890,028

Other Expenses $35

TOTAL EXPENSES $1,890,028

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,890,028	N/A	N/A
Expenses	$1,890,028	N/A	N/A
Net Income	$0	$0	N/A

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

N/A

Independent Members

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRANT COATES	EXECUTIVE AND FINANCE COMMITTEE CHAIR	0.70	Director	$0	$0	$0
LORETTA BURNS	EXECUTIVE COMMITTEE MEMBER	0.10	Director	$0	$0	$0
KEVIN BUEHLER	CHAIR OF THE BOARD AND EXECUTIVE AND FINANCE COMM	0.70	Officer Director	$0	$0	$0
RICK MERRILL	FINANCE COMMITTEE MEMBER	0.10	Director	$0	$0	$0
PERRY REED	FINANCE COMMITTEE MEMBER	0.10	Director	$0	$0	$0
TERESA AYALA	GOVERNANCE AND MEMBERSHIP COMMITTEE CHAIR	0.10	Officer Director	$0	$0	$0
MAYOR MATTIE PARKER	DIRECTOR	0.05	Director	$0	$0	$0
CHELSEA ADLER	DIRECTOR	0.05	Director	$0	$0	$0
DANA STAYTON	GOVERNANCE AND MEMBERSHIP COMMITTEE MEMBER	0.10	Director	$0	$0	$0
SUSAN ALANIS	DIRECTOR	0.05	Director	$0	$0	$0
ELIZABETH BRANDS	EXECUTIVE DIRECTOR	10.00	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
2023	$1,890,028	$1,890,028	No data	No data

READ FORT WORTH