READING TEAM INC (EIN 134125884) - 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

2000

Legal Domicile

Principal Officer

CHARON DARRIS

Phone

2122802042

Tax Period

2023-07-01 to 2024-06-30

READING TEAM INC, founded in 2000, is a small nonprofit in the Human Services sector that reported $603K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $926K exceeded revenue, resulting in a 54% operating deficit.

Mission

THE READING TEAM RUNS TWO EARLY LITERACY PROGRAMS: (1) PRESCHOOL - 2X/WEEK (2-HRS/SESSION) TEACHERS INSTRUCT 3 AND 4 YEAR OLD CHILDREN ON PHONEMIC AWARENESS, LETTER RECOGNITION, AND SOUND MANIPULATION. (2) AFTER-SCHOOL - 5X/WEEK (2.5-HRS/SESSION) TEACHERS INSTRUCT CHILDREN IN GRADES K-5 ON PHONEMIC AWARENESS, READING COMPREHENSION, LITERARY DEVICES, AND WRITING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $568,984

Program Service Revenue $0

Investment Income $34,304

Other Revenue $0

TOTAL REVENUE $603,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $580,889

Fundraising Expenses $96,669

Program Expenses $740,783

Other Expenses $345,437

TOTAL EXPENSES $926,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$603,288	$1,116,899	-0.5%
Expenses	$926,326	$860,244	+0.1%
Net Income	$-323,038	$256,655	-2.3%

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

$70,083

Total Directors

$70,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARON DARRIS	EXECUTIVE DI	40.00	Officer Director	$70,083	$0	$70,083
FUNKE AKINOLA	DIRECTOR	2.00	Director	$0	$0	$0
JUDITH DOBRZYNSKI	DIRECTOR	2.00	Director	$0	$0	$0
CAROLYN ELLIS	CHAIR	2.00	Officer Director	$0	$0	$0
ELIZABETH WILKINS EVERETT	DIRECTOR	2.00	Director	$0	$0	$0
EVELYN J HALPERT	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
EILEEN JUDELL	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL S LERNER	SECRETARY	2.00	Officer Director	$0	$0	$0
TYLER R LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
HELEN PENNOYER	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW SANG	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN SEIBOLDT	DIRECTOR	2.00	Director	$0	$0	$0
SEAN SMITH	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW WHITEHOUSE	TREASURER	2.00	Officer Director	$0	$0	$0
LANDON WICKHAM	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$603,288	$926,326	$633,037	$-323,038
2023	$1,116,899	$860,244	$1,113,101	$256,655
2022	$741,393	$780,511	$463,461	$-39,118
2021	$810,698	$707,220	$500,822	$103,478
2020	$794,160	$754,927	$474,557	$39,233
2019	$886,137	$694,623	$373,398	$191,514

READING TEAM INC