Team Read (EIN 010852888) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

Ebony Pattenaude

Phone

2062520069

Tax Period

2023-09-01 to 2024-08-31

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.

Mission

Propel young students to become inspired readers and teens to become impactful leaders.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $765,137

Program Service Revenue $0

Investment Income $40,143

Other Revenue $-37,379

TOTAL REVENUE $767,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $548,894

Fundraising Expenses $214,131

Program Expenses $546,781

Other Expenses $313,970

TOTAL EXPENSES $880,027

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$137,937

Total Directors

Key Employees

Highest Compensated

reported

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

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
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

Team Read