READ FOUNDATION USA (EIN 872455442) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

READ FOUNDATION USA, founded in 2021, is a small nonprofit in the International Affairs sector that reported $452K in total revenue in fiscal year 2023. Revenue surged 540% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 16% operating margin.

Mission

The Organizations primary exempt purpose is to provide basic necessities of life including food, clean water, clothing, education, shelter and access to education for individuals and families in need.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $451,802

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $451,802

Expense Breakdown

Grants Paid $295,197

Salaries & Benefits $0

Fundraising Expenses $81,133

Program Expenses $296,880

Other Expenses $83,425

TOTAL EXPENSES $378,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$451,802	$70,597	+5.4%
Expenses	$378,622	$1,904	+197.9%
Net Income	$73,180	$68,693	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DUNIA HAMOU	DIRECTOR AND SECRETARY	Officer Director	$0	$0	$0
ASIF ANSARI	DIRECTOR AND TREASURER	Officer Director	$0	$0	$0
JAHANGEER AKHTAR	DIRECTOR AND CHAIR OF THE BOA	Officer Director	$0	$0	$0
HINA IBADAT	DIRECTOR AND SECRETARY		$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	No data	No data	No data	No data
2023	$451,802	$378,622	$148,425	$73,180

READ FOUNDATION USA