READ ALLIANCE INC (EIN 134091062) - Form 990 Financial Analysis & Trantor Score

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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

DANIELLE GUINDO

Phone

6468676101

Tax Period

2024-09-01 to 2025-08-31

READ ALLIANCE INC, founded in 1999, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

WORK TO ACCELERATE THE EDUCATIONAL TRAJECTORY OF EARLY ELEMENTARY STUDENTS THROUGH THE POWER OF TEENS WHO PROVIDE ONE-TO-ONE LITERACY TUTORING IN UNDER-RESOURCED COMMUNITIES.

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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 $3,941,002

Program Service Revenue $523,784

Investment Income $112,269

Other Revenue $-176,079

TOTAL REVENUE $4,400,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,531,411

Fundraising Expenses $531,241

Program Expenses $3,843,807

Other Expenses $1,257,202

TOTAL EXPENSES $4,788,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,400,976	$5,005,986	-0.1%
Expenses	$4,788,613	$4,351,566	+0.1%
Net Income	$-387,637	$654,420	-1.6%

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

955

Volunteers

142

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

$497,431

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK A HEMENETZ	CHAIR	4.00	Officer Director	$0	$0	$0
ROBERT BROWN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL LUBOWITZ	SECRETARY	2.00	Officer Director	$0	$0	$0
JASON TEETERS	TREASURER	2.00	Officer Director	$0	$0	$0
DEBJANI BAGCHI THRU JUL 25	DIRECTOR	1.00	Director	$0	$0	$0
ADAM BAXTER	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA CANTARELLA	DIRECTOR	1.00	Director	$0	$0	$0
MARIANA DE LA VEGA THRU OCT 25	DIRECTOR	1.00	Director	$0	$0	$0
KATE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
JENNA GOUDREAU	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL GRADESS	DIRECTOR	1.00	Director	$0	$0	$0
KATY KNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
MARK MOORE	DIRECTOR	1.00	Director	$0	$0	$0
ZOE MOUNTROUKAS	DIRECTOR	1.00	Director	$0	$0	$0
CARIN MUHLBAUM STARTED JAN 25	DIRECTOR	1.00	Director	$0	$0	$0
PETER NKONGHO	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
JULIE STERLING	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER VOLPE	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE GUINDO	EXECUTIVE DIRECTOR	40.00	Officer	$253,000	$30,559	$283,559
YVETTE RUSSELL	CHIEF STRATEGY OFFIC	40.00	Officer	$191,000	$22,872	$213,872
MARCOS CLANDER	SNR DIRECTOR OF PROG	40.00	Highest	$120,750	$8,560	$129,310
PATRICIA MACLEAN	DIRECTOR OF DEVELOPM	40.00	Highest	$110,250	$3,562	$113,812
VALERIE BURGOS	DIRECTOR OF IMPLEMENTATION	40.00	Highest	$105,000	$14,262	$119,262

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	$4,400,976	$4,788,613	$4,442,907	$-387,637
2024	$5,005,986	$4,351,566	$4,960,211	$654,420
2023	$3,924,971	$3,840,647	$4,373,475	$84,324
2022	$3,674,607	$2,743,438	$3,368,825	$931,169
2021	$3,501,733	$2,157,284	$2,391,231	$1,344,449
2020	$1,835,874	$2,254,164	$2,122,085	$-418,290
2019	$2,209,875	$2,243,111	$1,576,057	$-33,236
2018	$2,057,980	$1,951,662	$1,410,585	$106,318

READ ALLIANCE INC