FAMILY READING PARTNERSHIP

EIN: 161594725 501(c)(3) Education

ITHACA, NY

Total Revenue
$238,113
Total Expenses
$263,539
Total Assets
$127,875
Net Assets
$78,676
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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
NY
Principal Officer
HEATHER PATEL
Phone
6072778602
Tax Period
2024-04-01 to 2025-03-31

FAMILY READING PARTNERSHIP, founded in 2000, is a small nonprofit in the Education sector that reported $238K in total revenue in fiscal year 2024. Expenses of $264K exceeded revenue, resulting in a 11% operating deficit.

Mission

FAMILY READING PARTNERSHIP CONNECTS FAMILIES WITH YOUNG CHILDREN TO THE JOY OF BOOKS AND READ-ALOUD EXPERIENCES TO EXPAND THEIR HORIZONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $236,924
Program Service Revenue $1,189
Investment Income $0
Other Revenue $0
TOTAL REVENUE $238,113

Expense Breakdown

Grants Paid $0
Salaries & Benefits $159,194
Fundraising Expenses $23,257
Program Expenses $93,259
Other Expenses $104,345
TOTAL EXPENSES $263,539

Year-over-Year Comparison

2024 2023 Change
Revenue $238,113 $232,136 +0.0%
Expenses $263,539 $291,258 -0.1%
Net Income $-25,426 $-59,122 -0.6%
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

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Governance

Voting Members
12
Independent Members
12
Employees
4
Volunteers
50

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
5
$64,934
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER PATEL PRESIDENT 1.50
Officer Director
$0 $0 $0
TRICIA MULLIN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
LEAH LABEN BOARD MEMBER 0.50
Director
$0 $0 $0
DERRICK BARRETT TREASURER 1.00
Officer Director
$0 $0 $0
ANNMARIE STREETER BOARD MEMBER 1.00
Director
$0 $0 $0
VICTORIA WHITE BOARD MEMBER 0.50
Director
$0 $0 $0
SUE ELLEN ALVAREZ ANCAYA BOARD MEMBER 0.50
Director
$0 $0 $0
MARY BERKELMAN BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN WHELAN SECRETARY 0.75
Officer Director
$0 $0 $0
MEGHAN GUERRA LYONS BOARD MEMBER 0.50
Director
$0 $0 $0
SARAH POWELL BOARD MEMBER 0.50
Director
$0 $0 $0
AMBER SMITH EXECUTIVE DIRECTOR 40.00
Officer
$64,934 $0 $64,934
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 $238,113 $263,539 $127,875 $-25,426
2024 $232,136 $291,258 $115,174 $-59,122
2023 $200,100 $292,379 $175,587 $-92,279
2022 $230,164 $249,590 $266,101 $-19,426
2021 $196,903 $235,640 $291,091 $-38,737
2020 $227,245 $255,950 $323,347 $-28,705
2019 $255,583 $310,727 $354,714 $-55,144
2018 $345,702 $327,320 $431,165 $18,382
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