Readiness To Learn

EIN: 911864751 501(c)(3) Education

Langley, WA

Total Revenue
$518,982
Total Expenses
$602,144
Total Assets
$152,045
Net Assets
$100,506
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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
1996
Legal Domicile
WA
Principal Officer
Cailyn Murray
Phone
3602216808
Tax Period
2023-07-01 to 2024-06-30

Readiness To Learn, founded in 1996, is a small nonprofit in the Education sector that reported $519K in total revenue in fiscal year 2023. Expenses of $602K exceeded revenue, resulting in a 16% operating deficit.

Mission

Readiness To Learn creates opportunities for students and families to thrive.

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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 (2023)

Revenue Breakdown

Contributions & Grants $518,982
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $518,982

Expense Breakdown

Grants Paid $87,670
Salaries & Benefits $340,791
Fundraising Expenses $11,559
Program Expenses $453,015
Other Expenses $173,683
TOTAL EXPENSES $602,144

Year-over-Year Comparison

2023 2022 Change
Revenue $518,982 $537,891 0.0%
Expenses $602,144 $497,831 +0.2%
Net Income $-83,162 $40,060 -3.1%
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
4
Independent Members
4
Employees
11
Volunteers
100

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
6
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BJ Hoogerwerf President 1.00
Officer Director
$0 $0 $0
Harriet Arnold Vice President 1.00
Officer Director
$0 $0 $0
Alison McManus Secretary 1.00
Officer Director
$0 $0 $0
Darlene Baldwin Treasurer 1.00
Officer Director
$0 $0 $0
Ann Graham Board Member 1.00
Director
$0 $0 $0
Dianne Shriner Board Member 1.00
Director
$0 $0 $0
Sue Mills Board Member 1.00
Director
$0 $0 $0
Gail LaVassar Co-Director 10.00
Officer
$0 $0 $0
Cailyn Murray Co-Director 10.00
Officer
$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
2024 $518,982 $602,144 $152,045 $-83,162
2023 $537,891 $497,831 $213,632 $40,060
2022 $530,695 $515,047 $191,161 $15,648
2021 $488,837 $506,665 $178,642 $-17,828
2020 $490,641 $426,828 $168,395 $63,813
2019 $357,950 $333,922 $106,068 $24,028
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