DURHAM, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)READDI INC, founded in 2020, is a small nonprofit in the Medical Research sector that reported $624K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 81% operating deficit.
THE RAPIDLY EMERGING ANTIVIRAL DRUG DEVELOPMENT INITIATIVE (READDI) IS A NONPROFIT BIOTECHNOLOGY ORGANIZATION DEDICATED TO PREVENTING GLOBAL CATASTROPHES CAUSED BY VIRUSES AND A LEADER IN THE THERAPEUTICS PILLAR OF THE 3-PRONGED PANDEMIC PREPAREDNESS AND RESPONSE STRUCTURE OF IPPS.
- READDI'S STANDING HAS RISEN IN THE GLOBAL PANDEMIC PREPAREDNESS COMMUNITY BY LEADING A NEWLY FORMED THERAPEUTICS DEVELOPMENT COALITION. READDI IS COLLABORATING WITH THE INTERNATIONAL PANDEMIC...
- READDI'S STANDING HAS RISEN IN THE GLOBAL PANDEMIC PREPAREDNESS COMMUNITY BY LEADING A NEWLY FORMED THERAPEUTICS DEVELOPMENT COALITION. READDI IS COLLABORATING WITH THE INTERNATIONAL PANDEMIC PREPAREDNESS COALITION, UNITAID, DRUGS FOR NEGLECTED DISEASES (DNDI) AND THE INTREPID ALLIANCE TO COORDINATE AND ACCELERATE THE DISCOVERY AND DEVELOPMENT OF ANTIVIRAL THERAPEUTICS FOR ACUTE AND ENDEMIC VIRAL DISEASES THAT HAVE THE POTENTIAL TO BECOME PANDEMICS.- IN CONJUNCTION WITH THE THERAPEUTICS DEVELOPMENT COALITION, READDI IS FOSTERING RELATIONSHIPS WITH GLOBAL HEALTHCARE LEADERS INTERESTED IN SUPPORTING DEVELOPMENT OF THERAPEUTICS FOR INFECTIOUS DISEASES.- READDI AUTHORED OR CO-AUTHORED SEVERAL PUBLISHED ARTICLES ON THE NECESSITY OF ANTIVIRAL DRUG DEVELOPMENT THAT WERE WELL RECEIVED BY THE GLOBAL COMMUNITY.- READDI'S GLOBAL NETWORK OF COLLABORATORS HAS GROWN FROM APPROXIMATELY 30 INSTITUTIONS TO APPROXIMATELY 65. - READDI'S POTENTIAL PIPELINE OF DRUG HITS, LEADS AND CANDIDATES HAS GROWN TO APPROXIMATELY 30 ACTIVE PROJECTS THAT WE ARE CLOSELY MONITORING FOR IN-LICENSING OPPORTUNITIES.
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 | $623,604 | $1,468,046 | -0.6% |
| Expenses | $1,125,752 | $553,289 | +1.0% |
| Net Income | $-502,148 | $914,757 | -1.5% |
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 |
|---|---|---|---|---|---|---|
| JOHN BAMFORTH | BOARD MEMBER | 0.50 |
Director
|
$0 | $48,419 | $448,540 |
| RICHARD BURR | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| J CHRISTOPHER CLEMENS | BOARD MEMBER THRU 6/10/25 | 0.50 |
Director
|
$0 | $65,904 | $604,650 |
| LAURENT FRAISSE | BOARD MEMBER | 0.30 |
Director
|
$0 | $0 | $0 |
| ANDY JOHNS | BOARD MEMBER | 0.50 |
Director
|
$0 | $104,963 | $443,422 |
| PERRIN JONES | BOARD MEMBER | 0.30 |
Director
|
$0 | $0 | $0 |
| NATHAN KNUFFMAN | BOARD MEMBER | 0.40 |
Director
|
$0 | $135,688 | $568,710 |
| LYDIA OGDEN | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| TOM SHANAHAN | BOARD MEMBER | 0.40 |
Director
|
$0 | $0 | $0 |
| BARBARA STEPHENSON | BOARD MEMBER | 0.50 |
Director
|
$0 | $80,580 | $411,327 |
| BRAD WILKEN | BOARD MEMBER THRU 6/10/25 | 0.30 |
Director
|
$0 | $0 | $0 |
| JAMES ROSEN | CEO | 40.00 |
Officer
|
$366,650 | $9,448 | $380,098 |
| WILLIAM FLETCHER FAIREY | EXECUTIVE VP OF BUSINESS | 40.00 |
Officer
|
$285,352 | $24,558 | $309,910 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $623,604 | $1,125,752 | $1,321,299 | $-502,148 |
| 2024 | $1,468,046 | $553,289 | $1,668,571 | $914,757 |
| 2023 | $800,515 | $140,909 | $667,606 | $659,606 |
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