REACH OUT AND READ OF GREATER NEW … - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

EMILY MARCHESE

Phone

6464536785

Tax Period

2024-07-01 to 2025-06-30

REACH OUT AND READ OF GREATER NEW YORK INC, founded in 1999, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 11% 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 TOGETHER. WE BUILD ON THE UNIQUE RELATIONSHIP BETWEEN PARENTS AND MEDICAL PROVIDERS TO DEVELOP ESSENTIAL EARLY LITERACY SKILLS IN YOUNG CHILDREN VIA THE EXISTING HEALTH INFRASTRUCTURE.

Program Service Accomplishments

Program 1

Expenses: $1,218,951 Revenue: $0

REACH OUT AND READ OF GREATER NEW YORK PREPARES NEW YORK'S YOUNGEST CHILDREN TO SUCCEED IN SCHOOL BY PARTNERING WITH DOCTORS TO PRESCRIBE BOOKS AND ENCOURAGE FAMILIES TO READ TOGETHER. MEDICAL...

REACH OUT AND READ OF GREATER NEW YORK PREPARES NEW YORK'S YOUNGEST CHILDREN TO SUCCEED IN SCHOOL BY PARTNERING WITH DOCTORS TO PRESCRIBE BOOKS AND ENCOURAGE FAMILIES TO READ TOGETHER. MEDICAL PROFESSIONALS INCORPORATE REACH OUT AND READ'S EVIDENCE-BASED MODEL INTO REGULAR PEDIATRIC CHECKUPS, BY ADVISING PARENTS ABOUT THE IMPORTANCE OF READING ALOUD AND GIVING FREE, DEVELOPMENTALLY APPROPRIATE BOOKS TO CHILDREN. THE PROGRAM BEGINS AT THE 6 MONTH CHECK UP AND CONTINUES THROUGH AGE 5, WITH A SPECIAL EMPHASIS ON CHILDREN GROWING UP IN LOW-INCOME COMMUNITIES. PRIMARILY SERVING NEW YORK CITY, WE ALSO HAVE PROGRAMS THROUGHOUT LONG ISLAND AND LOWER HUDSON VALLEY.

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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 $1,479,177

Program Service Revenue $0

Investment Income $7,688

Other Revenue $9,972

TOTAL REVENUE $1,496,837

Expense Breakdown

Grants Paid $513,799

Salaries & Benefits $895,438

Fundraising Expenses $266,450

Program Expenses $1,218,951

Other Expenses $237,980

TOTAL EXPENSES $1,664,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,496,837	$1,592,431	-0.1%
Expenses	$1,664,242	$1,580,212	+0.1%
Net Income	$-167,405	$12,219	-14.7%

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

N/A

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

$245,315

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA GREEN	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
LEORA MOGILNER MD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GOLDIE ALFASI-SIFFERT PHD	SECRETARY	2.00	Officer Director	$0	$0	$0
JANICELYNN PARK	TREASURER	2.00	Officer Director	$0	$0	$0
RITA BRAUSE	MEMBER	2.00	Director	$0	$0	$0
WENDY CHAN	MEMBER (THRU MAR 2025)	2.00	Director	$0	$0	$0
SUSAN ELBE	MEMBER	2.00	Director	$0	$0	$0
JENNY GILMORE	MEMBER	2.00	Director	$0	$0	$0
MATT GREGORY	MEMBER	2.00	Director	$0	$0	$0
FARHAN HUSAIN	MEMBER (THRU MAR 2025)	2.00	Director	$0	$0	$0
ADAM KAUFMAN	MEMBER	2.00	Director	$0	$0	$0
JOHN KING	MEMBER	2.00	Director	$0	$0	$0
JUDITH LEVINE	MEMBER	2.00	Director	$0	$0	$0
BIANCA MASON DELAUNEY	MEMBER	2.00	Director	$0	$0	$0
LISA NELSON	MEMBER	2.00	Director	$0	$0	$0
REGINA OLASIN	MEMBER	2.00	Director	$0	$0	$0
JACK PACE III	MEMBER	2.00	Director	$0	$0	$0
AMY SCHOLZ	MEMBER	2.00	Director	$0	$0	$0
IAN STERLING	MEMBER	2.00	Director	$0	$0	$0
ANJALI THADANI	MEMBER (THRU SEPT 2024)	2.00	Director	$0	$0	$0
SANDHYA RAWAL	MEMBER	2.00	Director	$0	$0	$0
EMILY MARCHESE	EXECUTIVE DIRECTOR	40.00	Officer	$222,356	$22,959	$245,315
JESSICA LIZZIO	DIRECTOR OF MEDICAL ENGAGEMENT	40.00	Highest	$100,322	$37,972	$138,294

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	$1,496,837	$1,664,242	$918,967	$-167,405
2024	$1,592,431	$1,580,212	$1,403,841	$12,219
2023	$1,758,637	$1,719,077	$1,416,028	$39,560
2022	$1,407,811	$1,152,378	$1,043,771	$255,433
2021	$978,302	$906,628	$1,056,540	$71,674
2020	$967,402	$1,062,656	$816,574	$-95,254
2019	$931,746	$1,090,913	$615,208	$-159,167
2018	$1,291,445	$1,145,966	$782,700	$145,479

REACH OUT AND READ OF GREATER NEW YORK INC