Ride for Reading Inc

Nonprofit profile at a glance

EIN
262127480
IRS 990-EZ coverage
2010–2019
Forms available
Form 990 2018, Form 990-EZ 2019, Form 990-N 2009
Location
Nashville, TN, USA
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Remedial Reading, Reading Encouragement

Official website

Reported finances

Revenue
$49,275
Expenses
$75,386
Assets
$49,164
Liabilities
$1,035

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

14 people listed

People named in this filing

  • GRAHAM GERDEMANN (BOARD MEMBER)
  • ED WILDERMUTH (BOARD CHAIR)
  • JEFF ECK (TREASURER)

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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ride for reading's mission is to promote literacy and healthy living through the distribution of books via bicycle to children from low-income neighborhoods.

What it reported doing in 2019

Book deliveries via bicycle - once per month we deliver books to children in title 1 schools. A representative from our organization talks to the children about the importance of literacy, helmet wearing, and a healthy lifestyle. Each child is able to choose 1 - 3 books to take to keep or pass along to a friend. As part of the book delivery, we also host book sorting events where volunteers come to our warehouse to help us clean and sort books by grade level for the upcoming delivery. Over 1,500 volunteer hours were used carrying out the book delivery process.

Operating model

Revenue model
Donor-supported. 63% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -53%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 0.65; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 54.1%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 13% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 2.5% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 12.4% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $75K in reported program spending
  • Leadership: top reported pay $0 · 14 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2010 to 2019
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 12/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.