HAMDEN, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FREEDOM READS INC, founded in 2021, is a community nonprofit in the Human Services sector that reported $3.6M in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $6.1M exceeded revenue, resulting in a 68% operating deficit.
FREEDOM READS' MISSION IS TO BRING JOY, INSPIRE HOPE, AND HELP THOSE INSIDE CONFRONT WHAT PRISON DOES TO THE SPIRIT. WE BRING BEAUTIFUL, HANDCRAFTED BOOKCASES INTO PRISONS, TRANSFORMING CELLBLOCKS INTO FREEDOM LIBRARIES. THE FREEDOM LIBRARY IS A PHYSICAL INTERVENTION INTO THE LANDSCAPE OF PLASTIC AND STEEL AND LONELINESS THAT CHARACTERIZES PRISON. IN AN ENVIRONMENT WHERE THE FREEDOM TO THINK, TO CONTRIBUTE TO A COMMUNITY, AND EVEN TO DREAM ABOUT WHAT IS POSSIBLE IS TOO OFTEN CURTAILED, FREEDOM READS REMINDS THOSE INSIDE THAT THEY HAVE NOT BEEN FORGOTTEN.
FREEDOM READS BUILDS FREEDOM LIBRARIES, CURATED 500-BOOK COLLECTIONS HOUSED IN HANDMADE WOODEN BOOKSHELVES OPENED IN PRISON CELLBLOCKS. THE FREEDOM LIBRARIES ARE IN PROXIMITY TO WHERE PEOPLE LIVE AND...
FREEDOM READS BUILDS FREEDOM LIBRARIES, CURATED 500-BOOK COLLECTIONS HOUSED IN HANDMADE WOODEN BOOKSHELVES OPENED IN PRISON CELLBLOCKS. THE FREEDOM LIBRARIES ARE IN PROXIMITY TO WHERE PEOPLE LIVE AND ARE AVAILABLE 24/7. FREEDOM LIBRARIES OPENINGS ARE LITERARY EVENTS, BRINGING WRITERS AND ARTISTS INTO PRISONS TO ENGAGE DIRECTLY WITH INCARCERATED READERS, CREATING SPACES FOR REFLECTION, JOY, AND IMAGINATION.
FREEDOM READS MARKETING & COMMUNICATIONS PROGRAM AMPLIFIES THE ORGANIZATIONS MISSION OF DELIVERING TRANSFORMATIVE LITERARY EXPERIENCES IN PRISON. THROUGH STORYTELLING, TARGETED OUTREACH, DIGITAL...
FREEDOM READS MARKETING & COMMUNICATIONS PROGRAM AMPLIFIES THE ORGANIZATIONS MISSION OF DELIVERING TRANSFORMATIVE LITERARY EXPERIENCES IN PRISON. THROUGH STORYTELLING, TARGETED OUTREACH, DIGITAL CONTENT, AND MEDIA ENGAGEMENT, FREEDOM READS RAISES PUBLIC AWARENESS ABOUT THE POWER OF LITERATURE TO CULTIVATE GROWTH, DIGNITY, AND REFLECTION BEHIND BARS. OUR WORK ALSO DEEPENS COMMUNITY UNDERSTANDING, HELPING TO BROADEN THE IMPACT AND REACH OF FREEDOM READS PROGRAMS ACROSS CORRECTIONAL SYSTEMS NATIONWIDE.
THE INSIDE LITERARY PRIZE IS THE FIRST-EVER NATIONAL LITERARY AWARD JUDGED BY PEOPLE CURRENTLY INCARCERATED. EACH YEAR, FREEDOM READS CONVENES 300 INCARCERATED READERS FROM 12-15 PRISONS TO READ...
THE INSIDE LITERARY PRIZE IS THE FIRST-EVER NATIONAL LITERARY AWARD JUDGED BY PEOPLE CURRENTLY INCARCERATED. EACH YEAR, FREEDOM READS CONVENES 300 INCARCERATED READERS FROM 12-15 PRISONS TO READ, DISCUSS, AND DEBATE FOUR TITLES DRAWN FROM THE MOST ACCLAIMED RECENT WORKS IN AMERICAN LITERATURE. OUR TEAM DISTRIBUTES COPIES OF THE BOOKS TO EACH JUDGE, FACILITATES VIRTUAL ORIENTATION AND DISCUSSION SESSIONS, AND THEN TRAVELS TO EVERY PARTICIPATING PRISON FOR IN-PERSON DELIBERATIONS AND BALLOTING. THE PRIZE OFFERS A SINGULAR OPPORTUNITY FOR INCARCERATED READERS TO SHAPE OUR NATIONAL LITERARY CONVERSATIONAND TO BE RECOGNIZED AS ESSENTIAL VOICES WITHIN IT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,608,736 | $14,531,468 | -0.8% |
| Expenses | $6,058,378 | $4,637,427 | +0.3% |
| Net Income | $-2,449,642 | $9,894,041 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TRACEY MEARES | BOARD CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| DEBORAH LEFF | VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE LEVITT | VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| HELENA HUANG | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| ALVA GREENBERG | BOARD DIRECT | 1.00 |
Director
|
$0 | $0 | $0 |
| DR CARLA HAYDEN | BOARD DIRECT | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY W MARX | BOARD DIRECT | 1.00 |
Director
|
$0 | $0 | $0 |
| ALEX DURAN | BOARD DIRECT | 1.00 |
Director
|
$0 | $0 | $0 |
| GARA LAMARCHE | BOARD DIRECT | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT SEMPLE | BOARD DIRECT | 1.00 |
Director
|
$0 | $0 | $0 |
| BRYAN STEVENSON | BOARD DIRECT | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT RABEN | BOARD DIRECT | 1.00 |
Director
|
$0 | $0 | $0 |
| REGINALD DWAYNE BETTS | FOUNDER & CE | 40.00 |
Officer
Director
|
$211,330 | $30,013 | $241,343 |
| IVAN DOMINGUEZ | CCO | 40.00 |
Officer
|
$155,170 | $17,081 | $172,251 |
| TYLER SPERRAZZA | CPO | 40.00 |
Officer
|
$128,953 | $13,462 | $142,415 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $3,608,736 | $6,058,378 | $13,192,974 | $-2,449,642 |
| 2023 | $14,531,468 | $4,637,427 | $15,645,672 | $9,894,041 |
| 2022 | $6,175,615 | $1,919,726 | $4,796,992 | $4,255,889 |
Compare FREEDOM READS INC with other nonprofits in Connecticut and across the country.