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. IT PLAYS A CLEAR, SPECIFIC AND CENTRAL ROLE IN THE WIDELY ACCEPTED THREE-PRONGED PANDEMIC PREPAREDNESS APPROACH INVOLVING DIAGNOSTICS, THERAPEUTICS AND VACCINES. READDI DEVELOPS THERAPEUTICS.
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 |
Compare READDI INC with other nonprofits in North Carolina and across the country.