READY FOR SCHOOL INITIATIVE

EIN: 883339310 501(c)(3) Education

OLNEY, MD

Total Revenue
$255,514
Total Expenses
$72,020
Total Assets
$183,846
Net Assets
$183,494
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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
MD
Principal Officer
MATTHEW POST
Phone
3015692254
Tax Period
2022-07-01 to 2023-06-30

READY FOR SCHOOL INITIATIVE, founded in 2022, is a small nonprofit in the Education sector that reported $256K in total revenue in fiscal year 2022. The organization ran a surplus of $183K, a strong 72% operating margin.

Mission

THE READY FOR SCHOOL INITIATIVE WORKS TO BOOST SCHOOL FUNDING, IMPROVE DATA ON WHERE RESOURCES CAN GO THE FURTHEST, AND ENSURE EVERY STUDENT ARRIVES TO CLASS HUNGER-FREE AND READY TO LEARN.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $255,514
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $255,514

Expense Breakdown

Grants Paid $20,040
Salaries & Benefits $26,531
Fundraising Expenses $0
Program Expenses $54,481
Other Expenses $25,449
TOTAL EXPENSES $72,020

Year-over-Year Comparison

2022 2021 Change
Revenue $255,514 N/A N/A
Expenses $72,020 N/A N/A
Net Income $183,494 N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
5

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
2
$4,423
Total Directors
5
$4,423
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW POST PRESIDENT 17.00
Officer Director
$4,423 $0 $4,423
MICHAEL SOLOMON TREASURER 0.10
Officer Director
$0 $0 $0
JILL ORTMAN-FOUSE MEMBER 0.10
Director
$0 $0 $0
TABITHA ESCALANTE MEMBER 0.10
Director
$0 $0 $0
NATE TINBITE MEMBER 0.10
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
2023 $255,514 $72,020 $183,846 $183,494
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