NEWARK, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
BE READY INVESTS IN BLACK WOMEN TO PREPARE THEM TO BE CIVICALLY ENGAGED, RUN FOR OFFICE, WIN SEATS OF POWER, DISRUPT INEQUITABLE SYSTEMS, AND IMPACT POLICIES AFFECTING BLACK AND BROWN COMMUNITIES.
NATIONAL STORYTELLING & CIVIC ENGAGEMENT:PROJECT READY, IN PARTNERSHIP WITH BE READY, SUPPORTED THE NATIONAL FILM TOUR FOR DEAR AMERICA, A LETTER FROM BLACK WOMEN, HOSTING SCREENINGS AND DISCUSSIONS...
NATIONAL STORYTELLING & CIVIC ENGAGEMENT:PROJECT READY, IN PARTNERSHIP WITH BE READY, SUPPORTED THE NATIONAL FILM TOUR FOR DEAR AMERICA, A LETTER FROM BLACK WOMEN, HOSTING SCREENINGS AND DISCUSSIONS ACROSS MULTIPLE CITIES TO ELEVATE CIVIC AWARENESS AND PARTICIPATION. THE INITIATIVE WAS FURTHER AMPLIFIED THROUGH NATIONAL MEDIA, INCLUDING AN IHEARTRADIO PODCAST FEATURE WITH CEO SHENNELL MCCLOUD.
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 | $1,261 | $51,681 | -1.0% |
| Expenses | $83,828 | $58,592 | +0.4% |
| Net Income | $-82,567 | $-6,911 | +10.9% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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