BE READY INC (EIN 880627862) - 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

SHENNELL MCCLOUD

Phone

9739439740

Tax Period

2024-07-01 to 2025-06-30

BE READY INC, founded in 2022, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $1K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $84K exceeded revenue, resulting in a 6548% operating deficit.

Mission

BE READY ENDEAVORS TO CREATE A WORLD WITH EQUITABLE REPRESENTATION OF BLACK WOMEN IN POSITIONS OF POWER AND INFLUENCE ACROSS THE NATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,261

Other Revenue $0

TOTAL REVENUE $1,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,266

Fundraising Expenses $0

Other Expenses $70,562

TOTAL EXPENSES $83,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,261	$51,681	-1.0%
Expenses	$83,828	$58,592	+0.4%
Net Income	$-82,567	$-6,911	+10.9%

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

Employees

N/A

Volunteers

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

$367,156

Total Directors

$367,156

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHENNELL MCCLOUD	EXECUTIVE DIRECTOR	10.00	Officer Director	$0	$41,105	$277,299
KARIN GERALD	TREASURER/COO	0.17	Officer Director	$0	$18,029	$89,857
JAZZ CLAYTON-HUNT	CHAIR	0.25	Officer Director	$0	$0	$0
DANIELLE WEST-AUGUSTIN	SECRETARY	0.17	Officer Director	$0	$0	$0
GILLIAN FRANCIS	BOARD TRUSTEE	0.17	Director	$0	$0	$0
JACELYN MATTHEWS	BOARD TRUSTEE	0.17	Director	$0	$0	$0
NICOLE HARRIS	BOARD TRUSTEE	0.17	Director	$0	$0	$0
TAI COOPER	BOARD TRUSTEE	0.17	Director	$0	$0	$0
TANYA JOHNSON	BOARD TRUSTEE	0.17	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
2025	$1,261	$83,828	$103,454	$-82,567
2024	$51,681	$58,592	$151,204	$-6,911
2023	$1,440	$183,048	$202,086	$-181,608
2022	$500,429	$167,189	$450,312	$333,240

BE READY INC