ETHIOPIA READS (EIN 943283038) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

MALCOLM CLARK

Phone

6123542184

Tax Period

2024-07-01 to 2025-06-30

ETHIOPIA READS, founded in 1999, is a small nonprofit in the Education sector that reported $168K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

ETHIOPIA READS MISSION IS TO BUILD A READING CULTURE IN ETHIOPIA BY CONNECTING CHILDREN WITH BOOKS, LIBRARIES, AND TRAINED LIBRARIANS.

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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 $162,350

Program Service Revenue $858

Investment Income $4,772

Other Revenue $0

TOTAL REVENUE $167,980

Expense Breakdown

Grants Paid $97,073

Salaries & Benefits $30,249

Fundraising Expenses $2,697

Program Expenses $152,582

Other Expenses $38,669

TOTAL EXPENSES $165,991

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,980	$326,537	-0.5%
Expenses	$165,991	$388,786	-0.6%
Net Income	$1,989	$-62,249	-1.0%

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

Volunteers

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

$27,430

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT WOLF	OPERATIONS MANAGER	20.00	Officer	$27,130	$300	$27,430
MALCOLM CLARK	CHAIR	1.00	Officer Director	$0	$0	$0
ANN PORTER	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT ANDREA	DIRECTOR	1.00	Director	$0	$0	$0
LILY ASSEGID	DIRECTOR	1.00	Director	$0	$0	$0
LULIT BEZUAYEHU	DIRECTOR	1.00	Director	$0	$0	$0
DR LAURIE CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
SEMRA SEIFU	DIRECTOR	1.00	Director	$0	$0	$0
CAROL SETTGAST	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
TIDA VIOLANTE	DIRECTOR	1.00	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
2025	$167,980	$165,991	$300,851	$1,989
2024	$326,537	$388,786	$298,827	$-62,249
2023	$256,465	$208,712	$360,954	$47,753
2022	$312,408	$207,073	$317,589	$105,335
2021	$236,060	$194,900	$207,199	$41,160
2020	$250,203	$172,153	$171,849	$78,050
2019	$220,771	$209,707	$78,621	$11,064

ETHIOPIA READS