BOOKS INC'S READING BRIDGE

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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

2023

Legal Domicile

Principal Officer

JESSICA HAHL

Phone

4156433400

Tax Period

2024-01-01 to 2024-12-31

BOOKS INC'S READING BRIDGE, founded in 2023, is a small nonprofit in the Education sector that reported $245K in total revenue in fiscal year 2024. Revenue surged 144% from the prior year, signaling strong growth momentum. Expenses of $336K exceeded revenue, resulting in a 37% operating deficit.

Mission

OUR MISSION IS TO ENSURE STUDENTS ACROSS THE SAN FRANCISCO BAY AREA CAN CHOOSE FROM NEW, DIVERSE, AND INCLUSIVE BOOKS REGARDLESS OF SOCIO-ECONOMIC STATUS.

Program Service Accomplishments

Program 1

Expenses: $295,802

AT READING BRIDGE, WE OFFER PROGRAMS TO FIT COMMUNITY NEEDS. WE WORK CLOSELY WITH SCHOOLS, PARENTS, AND COMMUNITY ORGANIZATIONS TO ENSURE THAT EVERY CHILD HAS THE OPPORTUNITY TO TAKE HOME A NEW BOOK OF THEIR OWN. READING BRIDGE IS PROUD TO SUPPORT TITLE 1 SCHOOLS THROUGH THE BRIDGE FAIR PROGRAM. ADDITIONALLY, IN ORDER TO PROMOTE A CULTURE OF LITERACY, READING BRIDGE WORKS CLOSELY WITH SCHOOL PARTNERS TO SELECT BOOKS REFLECTIVE OF THEIR STUDENT BODY IN OUR BOOK FAIRS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $70,255

Program Service Revenue $0

Investment Income $0

Other Revenue $175,070

TOTAL REVENUE $245,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,643

Fundraising Expenses $245

Program Expenses $295,802

Other Expenses $144,162

TOTAL EXPENSES $335,805

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,325	$100,711	+1.4%
Expenses	$335,805	$138,469	+1.4%
Net Income	$-90,480	$-37,758	+1.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$73,323

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALVIN CROSBY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CASSIE PERHAM	SECRETARY	1.00	Officer Director	$0	$0	$0
DANDY CONWAY	TREASURER	1.00	Officer Director	$0	$0	$0
HANNAH WALCHER	EXECUTIVE DIRECTOR (PART YEAR)	40.00	Officer	$0	$3,219	$26,656
VANESSAH LIU	EXECUTIVE DIRECTOR (PART YEAR)	40.00	Officer	$0	$0	$46,667

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	$245,325	$335,805	$42,170	$-90,480
2023	$100,711	$138,469	$51,955	$-37,758