REACH OUT AND READ RHODE ISLAND

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

KRYSTAL TADESSE

Phone

4013311967

Tax Period

2024-07-01 to 2025-06-30

REACH OUT AND READ RHODE ISLAND, founded in 2001, is a small nonprofit in the Education sector that reported $451K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $558K exceeded revenue, resulting in a 24% operating deficit.

Mission

REACH OUT AND READ PREPARES AMERICA'S YOUNGEST CHILDREN TO SUCCEED IN SCHOOL BY PARTNERING WITH DOCTORS TO PRESCRIBE BOOKS AND ENCOURAGE FAMILIES TO READ ALOUD TOGETHER.

Program Service Accomplishments

Program 1

Expenses: $428,132

PEDIATRIC HEALTHCARE PROVIDERS (INCLUDING PEDIATRICIANS, FAMILY PHYSICIANS, AND PEDIATRIC NURSE PRACTITIONERS) ARE TRAINED IN THE THREE-PART REACH AND READ MODEL TO PROMOTE EARLY LITERACY AND SCHOOL READINESS. THE PEDIATRIC PRIMARY CARE PROVIDER GIVES EACH CHILD BETWEEN 6 MONTHS AND 5 YEARS OF AGE A NEW DEVELOPMENTALLY APPROPRIATE CHILDREN'S BOOK.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $402,143

Program Service Revenue $0

Investment Income $20,555

Other Revenue $28,244

TOTAL REVENUE $450,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,921

Fundraising Expenses $57,569

Program Expenses $428,132

Other Expenses $320,123

TOTAL EXPENSES $558,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$450,942	$395,632	+0.1%
Expenses	$558,044	$654,365	-0.1%
Net Income	$-107,102	$-258,733	-0.6%

Key Indicators

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

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Financial Health Indicators

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRYSTAL TADESSE	CHAIR	2.00	Officer Director	$0	$0	$0
JOHN BENNETTS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NATHALIE VEGA CRESPO	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
HILARIUS STEPHEN	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA ARCE-FERRI	SECRETARY	1.00	Officer Director	$0	$0	$0
CORRIE ALVES	DIRECTOR	0.50	Director	$0	$0	$0
PAIGE COFFEY	DIRECTOR	0.50	Director	$0	$0	$0
MARIA CURVELO	DIRECTOR	0.50	Director	$0	$0	$0
KEYONDRA DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
CHIARA DELTITO-SHARROTT	DIRECTOR	0.50	Director	$0	$0	$0
DINUSHA DIETRICH MD	DIRECTOR	0.50	Director	$0	$0	$0
RACHEL GARFIELD	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD GLUCKSMAN ESQ	CHAIR EMERIT	0.50	Director	$0	$0	$0
PAMELA HIGH MD	VICE-CHAIR E	0.50	Director	$0	$0	$0
WILLIAM HOLLINSHEAD MD	DIRECTOR	0.50	Director	$0	$0	$0
SHUBA KAMATH MD	DIRECTOR	0.50	Director	$0	$0	$0
ALISON KELLY	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA PEPITONE	MEDICAL DIRE	0.50	Director	$0	$0	$0
AMBER ROSAS	DIRECTOR	0.50	Director	$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
2025	$450,942	$558,044	$308,526	$-107,102
2024	$395,632	$654,365	$413,876	$-258,733
2023	$548,792	$567,824	$651,391	$-19,032
2022	$548,574	$337,656	$654,723	$210,918
2021	$342,678	$284,278	$490,200	$58,400
2019	$376,298	$282,398	$330,086	$93,900
2018	$303,639	$306,224	$241,654	$-2,585