Readyone Industries Inc
98% goes to programs $0 to raise $100 Strong reserves
Readyone Industries Inc is a 501(c)(3) organization based in El Paso, Texas, registered in 1990, with $65,442,321 in FY2024 revenue. CharityIndex grades it A+, and it directs about 98% of spending to programs.
1414 Ability Dr, El Paso, TX, 79936 EIN 74-2544266 Since 1990
Revenue (FY2024)
$65.4M
▲ 39.6% vs prior year
Employment median: $367K
Expenses (FY2024)
$61.0M
Net assets
$54.7M
Employees
724
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating98% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Readyone Industries Inc: 98% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Readyone Industries Inc: 11 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Readyone Industries Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Readyone Industries Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To manufacture and deliver innovative and high-quality garments for the u.s. military while employing and empowering a disabled workforce in a competitively integrated employment environment, providing meaningful work opportunities for individuals of all abilities, ethnicities, and orientations. our mission emphasizes not only the empowerment of persons with disabilities but also extends our support to military veterans, ensuring pathways for self-determination and success in both personal and professional lives. with a commitment to skill development, we strive to enrich the lives of our workforce while attracting future support from granting organizations that recognize the profound impact of our programs on both the workforce and the broader community.
Contact & location
- Address
- 1414 Ability Dr, El Paso, TX, 79936
- City
- El Paso
- State
- Texas
- Category
- Employment
- Subcategory
- Vocational Rehabilitation
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $111.6M (FY2013) to $65.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $29.5MNet assets $54.7M
Operating margin
6.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$84.2M
Total liabilities
$29.5M
Net assets
$54.7M
Salaries & benefits
$15.1M
25% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $65,442,321▲39.6% | $61,001,544▲25.7% | $54,704,646▲8.8% | $84,173,812▲21.7% | 990 |
| 2023 | $46,888,319▼1.4% | $48,538,463▼3.0% | $50,263,869▼3.2% | $69,176,353▲22.9% | 990 |
| 2022 | $47,555,263▼35.4% | $50,037,001▼37.3% | $51,914,013▼4.6% | $56,295,886▼6.5% | 990 |
| 2021 | $73,579,392▼28.3% | $79,844,058▼22.5% | $54,395,751▼10.3% | $60,180,340▼26.9% | 990 |
| 2020 | $102,603,923▼22.5% | $103,061,758▼20.4% | $60,660,417▼0.7% | $82,380,053▲8.7% | 990 |
| 2019 | $132,351,795▲15.8% | $129,494,618▲16.8% | $61,118,252▲2.4% | $75,765,005▲4.9% | 990 |
| 2018 | $114,264,413▲103% | $110,834,151▲78.3% | $59,699,216▲6.1% | $72,217,623▲6.1% | 990 |
| 2017 | $56,317,038▼33.3% | $62,148,664▼27.7% | $56,268,954▼9.4% | $68,089,680▲2.4% | 990 |
| 2016 | $84,480,669▲25.9% | $85,951,504▲30.6% | $62,100,580▼2.3% | $66,478,972▼7.7% | 990 |
| 2015 | $67,075,119▼32.6% | $65,792,736▼35.0% | $63,571,415▲2.1% | $72,051,331▲3.7% | 990 |
| 2014 | $99,528,986▼10.8% | $101,222,652▼8.6% | $62,289,032▼2.6% | $69,498,686▼2.9% | 990 |
| 2013 | $111,606,922 | $110,731,876▲9.2% | $63,982,699▼3.1% | $71,605,954▼8.9% | 990 |
| 2011 | — | $101,408,757▼3.7% | $66,034,844▼4.3% | $78,613,525▼0.3% | 990 |
| 2010 | — | $105,340,991 | $68,984,826 | $78,840,753 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Wesley Wellons — $281,198 (0.46% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Wesley Wellons | President/coo | 60 | $281,198 |
| Maria G Soto | Chief Financial Officer | 60 | $176,272 |
| Mark Short | Vice President of Business Development | 50 | $163,884 |
| Geronimo Medina | Former - General Manager Garment | 60 | $143,077 |
| Macrina Rivera | Hr Director | 50 | $118,211 |
| Abel Jaquez | Assistant Director of Financial Planning | 50 | $115,416 |
| Maria I Meraz | Director of Contracts Admi | 50 | $107,879 |
| Carmen Arrieta- Candelaria | Chairman, Director | 21.5 | $49,940 |
| Bradley Davis | Director | 21.25 | $31,020 |
| Eduardo Monarez | Secretary, Director | 17.39 | $29,920 |
| Rene Pena | Director | 7.22 | $26,620 |
| Ltg Ret Larry Wyche | Director | 10.6 | $25,300 |
| Joyce A Wilson | Director | 6.98 | $24,200 |
| Thomas Robinson | Director | 5.89 | $22,092 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Efo LLC | Advertising | $183,650 |
| Focalpoint Business Coaching | Consulting | $164,690 |
| Mike Garcia Merchant Security LLC | Contract Labor | $158,257 |
| Pallets of El Paso | Supplier | $127,122 |
| Dc Holdings LLC | Consulting | $115,333 |
Grants received · $458K total
5 grants to Readyone Industries Inc totaling $458K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Sourceamerica | Training, compliance, & certification grant, strategic investment | 2024 | $418,828 |
| Sourceamerica | Training, compliance, & certification grant | 2023 | $8,417 |
| Sourceamerica | Training, compliance, & certification grant | 2022 | $6,996 |
| Sourceamerica | Ppe | 2020 | $11,685 |
| Sourceamerica | Ppe | 2020 | $11,685 |
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Compare Readyone Industries Inc
Frequently asked questions
- Is Readyone Industries Inc a legitimate nonprofit?
- Yes. Readyone Industries Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-2544266, based in El Paso, Texas. Donations are tax-deductible.
- What is Readyone Industries Inc's EIN?
- Readyone Industries Inc's Employer Identification Number (EIN) is 74-2544266.
- How much revenue does Readyone Industries Inc report?
- Readyone Industries Inc reported $65,442,321 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Readyone Industries Inc's spending goes to programs?
- Readyone Industries Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Readyone Industries Inc have?
- CharityIndex grades Readyone Industries Inc A+, based on program efficiency and fundraising cost.
- How much does Readyone Industries Inc's highest-paid employee make?
- The highest reported compensation on Readyone Industries Inc's latest Form 990 is $281,198, paid to Wesley Wellons (President/coo).
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Data for Readyone Industries Inc (EIN 74-2544266) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.