PRIME TIME FAMILY READING

EIN: 200960673 501(c)(3) Education

NEW ORLEANS, LA

Total Revenue
$10,706,352
Total Expenses
$10,374,006
Total Assets
$4,442,540
Net Assets
$3,287,459
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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
1991
Legal Domicile
LA
Principal Officer
MIRANDA RESTOVIC
Phone
5045234352
Tax Period
2023-11-01 to 2024-10-31

PRIME TIME FAMILY READING, founded in 1991, is a mid-sized nonprofit in the Education sector that reported $10.7M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $10.4M left a modest 3% surplus.

Mission

THE MISSION OF PRIME TIME FAMILY READING IS TO CREATE THE PRECONDITION FOR FUTURE LEARNING AMONG ECONOMICALLY AND EDUCATIONALLY VULNERABLE FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,697,329
Program Service Revenue $0
Investment Income $23
Other Revenue $9,000
TOTAL REVENUE $10,706,352

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,655,021
Fundraising Expenses $0
Program Expenses $9,452,587
Other Expenses $3,718,985
TOTAL EXPENSES $10,374,006

Year-over-Year Comparison

2023 2022 Change
Revenue $10,706,352 $12,713,625 -0.2%
Expenses $10,374,006 $14,530,187 -0.3%
Net Income $332,346 $-1,816,562 -1.2%
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
13
Independent Members
13
Employees
272
Volunteers
127

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
6
$283,400
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELINDA MINTZ IMMEDIATE PAST-CHAIR 0.50
Officer Director
$0 $0 $0
RANDY HAYNIE CHAIR - BOARD OF DIRECTORS 0.50
Officer Director
$0 $0 $0
SHARONDA WILLIAMS BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
SHARLENE SINEGAL-DECUIR BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
LINDA HOLYFIELD VICE CHAIR - BOARD OF DIRECTORS 0.50
Officer Director
$0 $0 $0
MARK GREMILLION TREASURER - BOARD OF DIREC 0.50
Officer Director
$0 $0 $0
MIMI MOYSE SCHLESINGER BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
REBECCA COLLINS BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
KELLEN MATHEWS SECRETARY- BOARD OF DIREC 0.50
Officer Director
$0 $0 $0
FAYE FLANAGAN BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
TY BROMELL BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
HOLLY WILSON BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
WENDELL RILEY BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
MIRANDA RESTOVIC PRESIDENT/EXECUTIVE DIRECT 10.00
Officer
$0 $21,226 $283,400
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
2024 $10,706,352 $10,374,006 $4,442,540 $332,346
2023 $12,713,625 $14,530,187 $4,400,674 $-1,816,562
2022 $15,761,200 $15,080,563 $5,688,929 $680,637
2021 $14,981,313 $12,850,610 $4,996,096 $2,130,703
2020 $6,549,424 $6,104,965 $2,481,247 $444,459
2019 $5,963,211 $5,656,822 $2,014,896 $306,389
2018 $5,100,512 $5,006,567 $1,728,984 $93,945
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