BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)READWORKSINC, founded in 1990, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 35% operating deficit.
READWORKS IS AN EDUCATION-TECHNOLOGY NON-PROFIT FOCUSED ON IMPROVING READING COMPREHENSION THAT, THROUGH ITS DIGITAL PLATFORM, PROVIDES RESEARCH-BASED CONTENT, CURRICULAR SUPPORTS, AND OTHER FEATURES THAT INTEGRATE WITH CORE ENGLISH LANGUAGE ARTS (ELA) CURRICULA. IN THE 2020-2021 SCHOOL YEAR ALONE, READWORKS WAS USED BY MORE THAN 1 MILLION EDUCATORS AND THEIR MILLIONS OF STUDENTS, INCLUDING THOSE IN 93% OF THE HIGHEST-POVERTY K-8 SCHOOLS-THE POPULATION WE ARE MOST FOCUSED ON BASED ON OUR MISSION.
DRIVEN BY THE SCIENTIFIC STUDY OF READING, READWORKS CREATES PROVEN, HIGH-QUALITY CONTENT, TEACHER GUIDANCE, AND INTEGRATED TOOLS THAT IMPROVE TEACHER EFFECTIVENESS AND STUDENT ACHIEVEMENT...
DRIVEN BY THE SCIENTIFIC STUDY OF READING, READWORKS CREATES PROVEN, HIGH-QUALITY CONTENT, TEACHER GUIDANCE, AND INTEGRATED TOOLS THAT IMPROVE TEACHER EFFECTIVENESS AND STUDENT ACHIEVEMENT. READWORKS, A SUPPLEMENTAL RESOURCE SUPPORTING ALL READING CURRICULA, HELPS DEVELOP SUCCESSFUL, JOYFUL READING COMPREHENSION.READWORKS CONTINUES TO FOCUS ON GROWING AND IMPROVING OUR PRODUCT TO IMPACT THE MILLIONS OF USERS WE SERVE, BASED ON DATA, LEARNING SCIENCE, AND A DEEP UNDERSTANDING AND EMPATHY FOR THE PRACTICAL REALITIES FACED BY TEACHERS AND STUDENTS TODAY. WE HAVE EXPANDED OUR RESOURCES, GUIDANCE, AND RESEARCH OFFERING SIGNIFICANTLY, INCLUDING:- EARLY LEARNING DECODABLE TEXTS: RESEARCH SHOWS EARLY READERS NEED THE OPPORTUNITY TO BUILD BACKGROUND KNOWLEDGE WHILE PRACTICING THE LETTER-SOUND CODE THAT BRINGS READING TO LIFE. READWORKS HAS RELEASED NEW, RICH DECODABLE TEXTS FOR K-2 READERS TO PRACTICE THEIR WORD RECOGNITION SKILLS WHILE BUILDING KNOWLEDGE IN A COHESIVE, STRUCTURED MANNER. IN TODAY'S MARKETPLACE, READWORKS IS THE ONLY OPTION FOR FREE, KNOWLEDGE-BUILDING, NONFICTION DECODABLES. MANY COMPETITORS ARE FOR PURCHASE ONLY, LIMITING THE ACCESSIBILITY TO TEACHERS AND FAMILIES WHO CAN AFFORD THEM. ADDRESSING THIS IMBALANCE IN ACCESS TO HIGH-QUALITY, RESEARCH-BASED SUPPLEMENTAL MATERIALS IS ONE OF READWORKS' TOP PRIORITIES AND LIES AT THE HEART OF OUR MISSION.- SPANISH-ENGLISH PAIRED TEXTS: WHEN A STUDENT HAS AN OPPORTUNITY TO READ BOTH IN THEIR NATIVE LANGUAGE AND ENGLISH, THEY TAP INTO LINGUISTIC RESOURCES THAT MAY NOT OTHERWISE BE ACCESSIBLE. IN THE SUMMER OF 2024, READWORKS RELEASED 65 NEW SPANISH-ENGLISH PAIRED TEXT SETS, IN PARTNERSHIP WITH VANDERBILT UNIVERSITY, TO SUPPORT OUR SPANISH-SPEAKING STUDENTS' ENGLISH READING COMPREHENSION. WITHIN TWO MONTHS OF LAUNCH, OUR SPANISH-ENGLISH PAIRED TEXTS WERE ASSIGNED OR PRINTED NEARLY 62,000 TIMES.- TEACHER GUIDANCE: IN THE 2023-2024 SCHOOL YEAR, 314,797 EDUCATORS INCREASED THEIR KNOWLEDGE BY ACCESSING OUR NO-COST TEACHER GUIDES, NATIONAL WEBINARS, AND PROFESSIONAL DEVELOPMENT INTENSIVES. THROUGHOUT THIS SCHOOL YEAR, 2,280 PARTICIPATED IN OUR LIVE WEBINAR SERIES, A 6% INCREASE IN THE AVERAGE NUMBER OF LIVE ATTENDEES COMPARED TO THE 2022-2023 SCHOOL YEAR. IN ADDITION TO ATTENDING LIVE, OUR WEBINARS WERE PLAYED ON DEMAND 2,995 TIMES. AFTER ATTENDING A READWORKS WEBINAR, THE NUMBER OF EDUCATORS WHO USED OUR PRODUCTS WITH RESEARCH-BASED PRACTICES GREW BY 30%.- OUR RESEARCH TEAM RELEASED NEW, PUBLICLY AVAILABLE FINDINGS TO DEMONSTRATE READWORKS' IMPACT, INCLUDING: 1) AFTER A SIX-WEEK INTERVENTION, TEACHERS REPORTED GROWTH IN THEIR INSTRUCTIONAL PRACTICES AND STUDENTS' DECODING SKILLS AND READING CONFIDENCE. 2) AFTER A NINE-WEEK INTERVENTION, STUDENTS IN THE EXPERIMENTAL GROUP IMPROVED 11% ON THE SCIENCE BACKGROUND KNOWLEDGE ASSESSMENT.IN THE 2023-2024 SCHOOL YEAR, READWORKS WELCOMED CAMERON AMSTATER TO THE BOARD OF DIRECTORS. CAMERON HAS BEEN THE CAREER DEVELOPMENT PROGRAM MANAGER FOR REEL WORKS FOR TWO YEARS, WHERE SHE OVERSEES TRAINING PROGRAMS THAT PREPARE INDIVIDUALS FROM UNDERREPRESENTED COMMUNITIES FOR CAREERS IN TV AND FILM PRODUCTION. BEFORE WORKING FOR REEL WORKS, SHE WORKED IN TV/FILM PRODUCTION FOR OVER 10 YEARS ON SHOWS LIKE BOARDWALK EMPIRE, MR. ROBOT, POSE, AND SUCCESSION. SHE WAS INTRODUCED TO READWORKS IN 2019 AND WAS THRILLED TO JOIN THE INAUGURAL YOUNG PROFESSIONAL COUNCIL. IN 2021, SHE VOLUNTEERED FOR THE READWORKS TUTORING PILOT PROGRAM AND WAS GRATEFUL FOR THE OPPORTUNITY TO GET TO KNOW BOTH HER TUTEE AND THE READWORKS PLATFORM IN THE PROCESS. SHE WAS CO-CHAIR OF THE YPC FROM 2021-2023.READWORKS IS PROUD TO HAVE PARTNERED WITH CULTURAL INSTITUTIONS LIKE THE INTERNATIONAL QUILT MUSEUM, THE GILDER LEHRMAN INSTITUTE OF AMERICAN HISTORY, THE NATIONAL FISH AND WILDLIFE FOUNDATION, THE PHILADELPHIA MUSEUM OF ART, THE NEW-YORK HISTORICAL SOCIETY, THE AMERICAN MUSEUM OF NATURAL HISTORY, AND MORE. THIS YEAR, WE LAUNCHED A NEW PARTNERSHIP WITH GOOGLE EDUCATION. AS WE CONTINUE SERVING STUDENTS AND EDUCATORS, WE LOOK FORWARD TO PARTNERING WITH MORE PRESTIGIOUS INSTITUTIONS AND GROWING OUR PORTFOLIO OF PARTNERS TO PROVIDE EVEN MORE OF THE HIGH-QUALITY, NONFICTION TEXTS FOR WHICH WE ARE KNOWN.OUR 2024 ANNUAL REPORT CAN BE FOUND HERE: HTTPS://HEYZINE.COM/FLIP-BOOK/EEAAD85E43.HTML#PAGE/1
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 | $2,706,987 | $4,603,761 | -0.4% |
| Expenses | $3,649,720 | $3,007,175 | +0.2% |
| Net Income | $-942,733 | $1,596,586 | -1.6% |
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 |
|---|---|---|---|---|---|---|
| DARIA L WALLACH | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILSON NEELY | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMIE BEARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GINA N CERVETTI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CATHY JAMES PAGLIA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MANDY CASAMASSIMA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KARIM KAM MOOLANI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLARD OVERLOCK JR | DIRECTOR (THROUGH 10/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| HOWARD SCHILLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CAMERON AMSTATER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRY BOWMAN | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$235,842 | $22,817 | $258,659 |
| CAMERON SWAIM | SENIOR DIRECTOR OF ENGINEERING | 40.00 |
Key Emp
|
$190,261 | $4,739 | $195,000 |
| SUSANNE NOBLES | CHIEF ACADEMIC OFFICER | 40.00 |
Key Emp
|
$189,133 | $5,867 | $195,000 |
| BENJAMIN NICHOLS | SENIOR BACK END ENGINEER | 40.00 |
Highest
|
$129,929 | $3,087 | $133,016 |
| JEFFREY FLEISHHACKER | SENIOR DIRECTOR PRODUCT DEVELOPMENT | 40.00 |
Highest
|
$126,907 | $5,240 | $132,147 |
| MELISSA CALDER | DIRECTOR OF MARKETING & ENGAGEMENT | 40.00 |
Highest
|
$115,088 | $2,230 | $117,318 |
| JACK WALTON | SENIOR DATA ENGINEER | 40.00 |
Highest
|
$114,740 | $2,260 | $117,000 |
| ANH HUA | SENIOR DATA ENGINEER | 40.00 |
Highest
|
$110,962 | $3,698 | $114,660 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $2,706,987 | $3,649,720 | $1,775,760 | $-942,733 |
| 2023 | $4,603,761 | $3,007,175 | $2,685,467 | $1,596,586 |
| 2022 | $1,891,149 | $2,618,134 | $1,139,705 | $-726,985 |
| 2021 | $3,023,849 | $2,416,061 | $1,803,741 | $607,788 |
| 2020 | $2,608,316 | $2,248,893 | $1,371,746 | $359,423 |
| 2019 | $1,986,262 | $2,204,695 | $843,342 | $-218,433 |
| 2018 | $2,134,448 | $2,208,178 | $1,053,947 | $-73,730 |
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