Ready Room Project

Nonprofit profile at a glance

EIN
882620039
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Dallas, TX, USA
Phone
3615225333
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$13,971
Expenses
$38,168
Assets
$70,817
Liabilities
$479

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Nicholas Saunders (President)

People named in this filing

  • Nicholas Saunders (President)
  • Angela Colombani (Director)
  • Nick Mongillo (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Ready Room Project aims to provide services and resources to service-connected spouses and dependents.

What it reported doing in 2024

In 2024, The Ready Room Project partnered with schools in Lemoore, California and Alexandria, Virginia serving large active duty student populations to provide funding for enrichment activities related to month of the Military Child. The Ready Room Project also facilitated a STEM camp experience at UC Berkeley for children of active-duty service members.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 82
  • Sustainability: 31
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.3%; rating input score 78
  • Program expense ratio: 28.6%; rating input score 29

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -173.2%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 1.86; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 9.9% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: -89.7% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -11.4% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 78.3% of revenue deployed · 28.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $11K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Program expense ratio scored 29/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.