Seattle, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Team Read, founded in 2005, is a small nonprofit in the Education sector that reported $768K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $880K exceeded revenue, resulting in a 15% operating deficit.
Year-round, one-to-one tutoring program provided at Title 1 schools to students not at grade-level proficiency in reading. Tutors are area teens recruited and trained to deliver reading support.
During the 2023-2024 school year, Team Read supported 453 elementary school students strengthen their reading skills and grow in confidence. 440 high school students were trained as reading coaches...
During the 2023-2024 school year, Team Read supported 453 elementary school students strengthen their reading skills and grow in confidence. 440 high school students were trained as reading coaches and made a difference in their community by supporting early literacy. On average, each reader learned 370 sight words, read 49 books, and improved 4 reading levels. 100% of elementary school principals agreed, or strongly agreed, that Team Read is a quality program. 93% of parents said that Team Read helped improve their child's reading skills.Team Read is committed to supporting young students to become inspired, joyful readers and teens to become impactful leaders, ready to succeed in school and life, building stronger communities for all.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $767,901 | $1,119,686 | -0.3% |
| Expenses | $880,027 | $714,344 | +0.2% |
| Net Income | $-112,126 | $405,342 | -1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Matt Hrdlicka | President | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Ingrid Stegemoeller | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Meli Gass | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Veronica Cook | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Rachell Gulanes | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Seana Hayden | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Donna Lou | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Binu Mathew | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jennifer Wong | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Anjali Bhagat | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Matt Kostecka | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Karen Lonergan | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Adrienne Voermans | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Yolanda Eng | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Shubha Jayaram | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Lindsay O'Conner | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Melissa Pailthorp | Former Executive Director | 40.00 |
Officer
|
$133,919 | $4,018 | $137,937 |
| Ebony Pattenaude | Executive Director | 40.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $767,901 | $880,027 | $1,930,623 | $-112,126 |
| 2023 | $1,119,686 | $714,344 | $2,046,664 | $405,342 |
| 2022 | $1,385,285 | $748,835 | $1,603,192 | $636,450 |
| 2021 | $1,014,853 | $656,635 | $1,046,049 | $358,218 |
| 2020 | $737,994 | $581,657 | $614,716 | $156,337 |
| 2019 | $613,117 | $653,005 | $489,897 | $-39,888 |
| 2018 | $689,637 | $797,782 | $477,737 | $-108,145 |
Compare Team Read with other nonprofits in Washington and across the country.