NEW YORK, NY
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Sign In — Free (10 views/day)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.
READ ALLIANCE, INC (READ ALLIANCE) WORKS 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. READ IMPACTS TWO POPULATIONS SIMULTANEOUSLY, AND THROUGH A HIGHLY STRUCTURED, RESEARCH-BASED CURRICULUM, STUDENTS AVERAGE A FULL YEAR'S GROWTH IN READING AND THEIR TEEN TUTORS DEVELOP COLLEGE, CAREER, AND LIFE SKILLS. EARLY INTERVENTION PREVENTS READING DIFFICULTIES FROM BECOMING BARRIERS TO FUTURE SUCCESS, WHILE TEENS HAVE A POSITIVE DIRECT IMPACT ON THE LIVES OF CHILDREN IN THEIR COMMUNITIES THROUGH MEANINGFUL SERVICE AND JOBS.
TEEN LEADERSHIP PROGRAM- TEEN LEADERS ARE ENGAGED IN MEANINGFUL AFTER SCHOOL EMPLOYMENT FOR 90 MINUTES A DAY, FOR A MINIMUM OF THREE DAYS A WEEK, AT A NEARBY ELEMENTARY SCHOOL, EARNING AN AVERAGE OF...
TEEN LEADERSHIP PROGRAM- TEEN LEADERS ARE ENGAGED IN MEANINGFUL AFTER SCHOOL EMPLOYMENT FOR 90 MINUTES A DAY, FOR A MINIMUM OF THREE DAYS A WEEK, AT A NEARBY ELEMENTARY SCHOOL, EARNING AN AVERAGE OF BETWEEN $600-$1,000 OVER 45 SESSIONS. TEEN LEADERS ARE NOT ONLY TRAINED TO DELIVER THE RESEARCH-BASED READING CURRICULUM ONE-ON-ONE TO YOUNG CHILDREN, BUT THEY ARE ALSO TRAINED IN BEHAVIOR MANAGEMENT AND DATA COLLECTION THAT IS CRUCIAL TO PROGRAM IMPLEMENTATION, REFLECTION AND ANALYSIS. TEEN LEADERS HAVE THE OPPORTUNITY TO ADVANCE TO SENIOR TEEN LEADER, A POSITION WITH ADDITIONAL RESPONSIBILITY PROVIDING SUPPORT AND GUIDANCE FOR THE TEEN LEADERS, PEER TO PEER DEVELOPMENT, AND SUPERVISION. AS PART OF THE TEEN LEADERSHIP PROGRAM READ ALLIANCE OFFERS COMPLEMENTARY PROGRAMMING FOR TEEN LEADERS THAT PROMOTES THEIR POSTSECONDARY SUCCESS INCLUDING FINANCIAL LITERACY TRAINING, LEADERSHIP DEVELOPMENT, NETWORKING AND CAREER EXPOSURE, COLLEGE READINESS, AND SOCIAL AND EMOTIONAL LEARNING. READ ALLIANCE LAUNCHED A PATHWAYS TO EDUCATION INITIATIVE IN FY 23 TO SUPPORT TEEN LEADERS' PURSUIT OF HIGHER EDUCATION AND TO CREATE A PIPELINE TO TEACHING CAREERS. IN AN EFFORT TO SUPPORT EXPANSION, READ ADDED THE ROLE OF SUMMER ENRICHMENT PROGRAM ASSISTANT DURING THE SUMMER OF FY22 SPECIFICALLY FOR EXPERIENCED TEEN LEADERS WHO WERE HOME FROM COLLEGE TO PROVIDE OVERSIGHT AND SUPPORT TO PROGRAM SITES IF A PROGRAM MANAGER WAS UNABLE TO BE THERE IN PERSON EVERY DAY.
EARLY LITERACY PROGRAM- READ ALLIANCE'S UNIQUE EARLY LITERACY PROGRAM IS 45 SESSIONS, AND PROVIDES 90 MINUTES OF PROGRAMMING PER DAY IN TWO PARTS: 1) A 45-MINUTE SESSION OF ONE-TO-ONE, INDIVIDUALIZED...
EARLY LITERACY PROGRAM- READ ALLIANCE'S UNIQUE EARLY LITERACY PROGRAM IS 45 SESSIONS, AND PROVIDES 90 MINUTES OF PROGRAMMING PER DAY IN TWO PARTS: 1) A 45-MINUTE SESSION OF ONE-TO-ONE, INDIVIDUALIZED LITERACY INTERVENTION USING A STRUCTURED, PHONICS-BASED CURRICULUM DELIVERED TO THE YOUNGER READ ALLIANCE STUDENTS BY PAID READ ALLIANCE TEEN LEADERS, AND 2) A 45-MINUTE GROUP WORK SESSION LED BY A READ TEACHER, EITHER HOMEWORK HELP OR COMPLEMENTARY LITERACY ACTIVITIES. DURING THE ONE-TO-ONE TUTORING SESSION, STUDENTS READ OUT LOUD TO THEIR TEEN LEADERS A BOOK THEY HAVE ALREADY MASTERED, AND THEN THE TEEN LEADER PROVIDES EXPLICIT ONE-TO-ONE READING INSTRUCTION AND PRACTICE. AT THE END OF EACH SESSION, STUDENTS ARE GIVEN A BOOK FROM OUR LENDING LIBRARY FOR CONTINUED PRACTICE AT HOME. READ ALLIANCE TARGETS ITS EARLY LITERACY PROGRAM TO KINDERGARTEN, FIRST AND SECOND GRADERS WHO ARE READING AT LEAST HALF A GRADE LEVEL BEHIND. THE INDIVIDUALIZED, PHONICS- BASED INSTRUCTION USES A STRUCTURED CURRICULUM TO ADVANCE READING SKILL IMPROVEMENT OF AN AVERAGE OF AT LEAST ONE READING LEVEL IN JUST 30 SESSIONS. MORE THAN 85 PERCENT OF PARTICIPANTS WHO COMPLETE THE READ ALLIANCE PROGRAM ADVANCE THEIR READING SKILL IMPROVEMENT AN AVERAGE OF AT LEAST ONE READING LEVEL. IN FY24 READ ALLIANCE SERVED 1,256 UNDUPLICATED READERS IN 1,560 SEATS, AND EMPLOYED 1,046 UNDUPLICATED TEEN LEADERS IN 1,373 POSITIONS IN 3 STATES.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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