SIT STAY READ INC

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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.

Program Service Accomplishments

Program 1

Expenses: $279,447

THE PROGRAM PROVIDES LITERACY SERVICES TO CHILDREN FROM LOW-INCOME HOUSEHOLDS IN CHICAGO PUBLIC SCHOOLS AT NO COST TO THE PARENTS OR SCHOOLS. THE MISSION IS TO ADVANCE CHILDREN'S LITERACY SKILLS...

THE PROGRAM PROVIDES LITERACY SERVICES TO CHILDREN FROM LOW-INCOME HOUSEHOLDS IN CHICAGO PUBLIC SCHOOLS AT NO COST TO THE PARENTS OR SCHOOLS. THE MISSION IS TO ADVANCE CHILDREN'S LITERACY SKILLS USING AN ENGAGING CURRICULUM, CERTIFIED DOGS, AND DEDICATED VOLUNTEERS. DURING 2022-23, SITSTAYREAD'S 20TH YEAR, WITH THE HELP OF 75 HUMAN AND 25 CANINE VOLUNTEERS, SITSTAY READ SERVED 1,847 STUDENTS IN 116 CLASSROOMS ACROSS 18 CHICAGO PUBLIC SCHOOLS USING THREE DIFFERENT REMOTE LEARNING PROGRAMS DEVELOPED FOR STUDENTS IN KINDERGARTEN THROUGH THIRD GRADE. IN ADDITION TO THE REMOTE LEARNING CURRICULUM, SITSTAYREAD PROVIDED MORE THAN 20,000 BOOKS TO STUDENTS DURING THEIR PANDEMIC LEARNING YEAR. DOGS ENABLE THE ORGANIZATION TO TACKLE THE SERIOUS ISSUE OF CHILDHOOD LITERACY IN A FUN AND ENGAGING WAY. SSR'S DEFINING CHARACTERISTIC IS INCORPORATING THE THERAPEUTIC BENEFIT OF DOGS IN THE CLASSROOM. STUDENTS WHO READ OUT LOUD TO A DOG ARE LESS LIKELY TO FEEL WORRIED ABOUT MAKING MISTAKES, WHICH HELPS THEM BECOME MORE CONFIDENT READERS.

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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