READ ALOUD AMERICA INC

EIN: 990323798 501(c)(3) Education

HONOLULU, HI

Total Revenue
$15,520
Total Expenses
$46,596
Total Assets
$34,677
Net Assets
$34,677
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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
1995
Legal Domicile
HI
Principal Officer
JED GAINES
Phone
8085311985
Tax Period
2022-07-01 to 2023-06-30

READ ALOUD AMERICA INC, founded in 1995, is a micro nonprofit in the Education sector that reported $16K in total revenue in fiscal year 2022. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $47K exceeded revenue, resulting in a 200% operating deficit.

Mission

BUILDING FAMILIES OF LIFETIME READERS

Program Service Accomplishments

Program 1
Expenses: $42,757

THROUGH THE FUN OF READING AND BEING READ TO, READ ALOUD AMERICA PROMOTES LITERACY, BONDS FAMILIES, AND BUILDS COMMUNITIES OF LIFETIME READERS. 2,000 INDIVIDUALS BENEFITED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $15,520
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $15,520

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,525
Fundraising Expenses $0
Program Expenses $42,757
Other Expenses $28,071
TOTAL EXPENSES $46,596

Year-over-Year Comparison

2022 2021 Change
Revenue $15,520 $45,173 -0.7%
Expenses $46,596 $71,497 -0.3%
Net Income $-31,076 $-26,324 +0.2%
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
3
Independent Members
3
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
3
$9,325
Total Directors
3
$9,325
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JED GAINES FOUNDER/PRES 40.00
Officer Director
$0 $0 $0
LARRY LAIRD VICE-PRESIDE 1.00
Officer Director
$9,325 $0 $9,325
NATALIE MUN-TAKATA SECRETARY/DI 1.00
Officer 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 No data No data No data No data
2024 No data No data No data No data
2023 $15,520 $46,596 $34,677 $-31,076
2022 $45,173 $71,497 $81,242 $-26,324
2021 $25,428 $75,364 $108,587 $-49,936
2020 $80,499 $116,909 $167,756 $-36,410
2019 $253,916 $173,108 $203,896 $80,808
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