Read Northwest

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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

Phone

3607987564

Tax Period

2025-01-01 to 2025-12-31

Read Northwest, founded in 2022, is a small nonprofit in the Education sector that reported $387K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $118K, a strong 31% operating margin.

Mission

Read Northwest exists to elevate Early Childhood Literacy in Southwest Washington.

Program Service Accomplishments

Program 1

Expenses: $176,771

In collaboration with local schools, our dedicated and enthusiastic members of the community strive to develop positive and impactful connections with local youth, thereby creating inspiration and...

In collaboration with local schools, our dedicated and enthusiastic members of the community strive to develop positive and impactful connections with local youth, thereby creating inspiration and encouragement in literacy.

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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 (2025)

Revenue Breakdown

Contributions & Grants $383,339

Program Service Revenue $0

Investment Income $4,066

Other Revenue $0

TOTAL REVENUE $387,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,780

Fundraising Expenses $67,780

Program Expenses $176,771

Other Expenses $97,427

TOTAL EXPENSES $269,207

Year-over-Year Comparison

	2025	2024	Change
Revenue	$387,405	$335,120	+0.2%
Expenses	$269,207	$216,757	+0.2%
Net Income	$118,198	$118,363	0.0%

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

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
Dave Perry	Treasurer	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
2025	$387,405	$269,207	$268,223	$118,198
2024	$335,120	$216,757	$145,856	$118,363