SIT STAY READ INC (EIN 200151074) - 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

2003

Legal Domicile

Principal Officer

LUCIANO DENISCO

Phone

7736619251

Tax Period

2024-07-01 to 2025-06-30

SIT STAY READ INC, founded in 2003, is a small nonprofit in the Education sector that reported $429K in total revenue in fiscal year 2024. Expenses of $497K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO ADVANCE CHILDREN'S LITERACY SKILLS USING AN ENGAGING CURRICULUM, CERTIFIED DOGS, AND DEDICATED VOLUNTEERS.

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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 $428,975

Program Service Revenue $0

Investment Income $0

Other Revenue $390

TOTAL REVENUE $429,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $413,180

Fundraising Expenses $90,764

Program Expenses $279,447

Other Expenses $83,975

TOTAL EXPENSES $497,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,365	$427,993	+0.0%
Expenses	$497,155	$561,399	-0.1%
Net Income	$-67,790	$-133,406	-0.5%

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

$148,186

Total Directors

$148,186

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
QIANA MCNARY	CO-PRESIDENT	1.15	Officer Director	$0	$0	$0
SARAH INCIONG	CO-PRESIDENT	0.23	Officer Director	$0	$0	$0
JEANNIE FOLK	TREASURER	0.46	Officer Director	$0	$0	$0
LUCIANO DENISCO	SECRETARY	0.54	Officer Director	$0	$0	$0
CAITLIN BOLINE	DIRECTOR	0.92	Director	$0	$0	$0
JAMILLAH DAVIS	DIRECTOR	0.00	Director	$0	$0	$0
CARMEN GONZALEZ	DIRECTOR	0.27	Director	$0	$0	$0
KEVIN KINNAMON	DIRECTOR	0.54	Director	$0	$0	$0
CHRISTINA HO	DIRECTOR	0.27	Director	$0	$0	$0
MARGARET WALDEN	DIRECTOR	0.23	Director	$0	$0	$0
ANDREW WEINER	DIRECTOR	0.00	Director	$0	$0	$0
REGINA MILLER	DIRECTOR	0.54	Director	$0	$0	$0
SAMANTHA ROMERO ZAVALA	DIRECTOR	0.00	Director	$0	$0	$0
DEIRDRE HARRISON	EXECUTIVE DIRECTOR	40.00	Officer Director	$140,350	$7,836	$148,186

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	$429,365	$497,155	$69,871	$-67,790
2024	No data	No data	No data	No data
2023	$449,553	$536,056	$265,025	$-86,503
2022	$435,258	$536,658	$344,395	$-101,400
2022	$435,260	$540,906	$344,396	$-105,646
2021	$636,685	$589,247	$443,320	$47,438
2020	$600,809	$620,988	$464,141	$-20,179
2019	$706,486	$586,870	$401,995	$119,616

SIT STAY READ INC