READING RESULTS

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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

2005

Legal Domicile

Principal Officer

JOHN WENDLAND

Phone

5034778176

Tax Period

2023-07-01 to 2024-06-30

READING RESULTS, founded in 2005, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $362K, a strong 23% operating margin.

Mission

READING RESULTS (FORMERLY PORTLAND READING FOUNDATION) DELIVERS A PROVEN READING INTERVENTION PROGRAM FOCUSED ON PRIMARY GRADE, LOW-INCOME CHILDREN WHO ARE FAILING TO LEARN TO READ, ENSURING EVERY CHILD READS BY THE END OF THE THIRD GRADE.

Program Service Accomplishments

Program 1

Expenses: $1,068,697 Revenue: $252,100

READING RESULTS PARTNERS WITH SCHOOLS TO SUPPORT STUDENTS FROM SYSTEMICALLY EXCLUDED COMMUNITIES IN BECOMING SUCCESSFUL READERS. WE BELIEVE THAT LITERACY IS A BASIC HUMAN RIGHT, AND WE WORK TO...

READING RESULTS PARTNERS WITH SCHOOLS TO SUPPORT STUDENTS FROM SYSTEMICALLY EXCLUDED COMMUNITIES IN BECOMING SUCCESSFUL READERS. WE BELIEVE THAT LITERACY IS A BASIC HUMAN RIGHT, AND WE WORK TO INCREASE ACCESS AND BREAK DOWN BARRIERS THROUGH SUPPORTING STUDENTS WITH AN EFFECTIVE, INDIVIDUALIZED, CULTURALLY-RESPONSIVE READING INTERVENTION PROGRAM. READING RESULTS PARTNERS WITH SCHOOLS TO IDENTIFY EARLY-GRADE STUDENTS WHO ARE FALLING BEHIND IN READING AND PROVIDES STUDENT-CENTERED, INDIVIDUALIZED READING SUPPORT. OUR HIGHLY TRAINED TUTORS (RANGING FROM LICENSED TEACHERS TO PARENTS AND CAREGIVERS FROM THE SCHOOL COMMUNITIES WE SERVE) DELIVER A CULTURALLY-RESPONSIVE PROGRAM DESIGNED TO ACCELERATE LITERACY AND FOSTER AN ACADEMIC MINDSET. TUTORS MEET 1:1 OR 1:2 WITH STRUGGLING READERS FOR 30 MINUTES, THREE TIMES EACH WEEK FOR 30 WEEKS OF THE SCHOOL YEAR.

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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 $1,352,508

Program Service Revenue $252,100

Investment Income $17,795

Other Revenue $-14,535

TOTAL REVENUE $1,607,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,110,358

Fundraising Expenses $110,635

Program Expenses $1,068,697

Other Expenses $135,224

TOTAL EXPENSES $1,245,582

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,607,868	$861,345	+0.9%
Expenses	$1,245,582	$1,017,283	+0.2%
Net Income	$362,286	$-155,938	-3.3%

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

100

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

$93,549

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER SAMUELS	EXECUTIVE DI	40.00	Officer	$93,549	$0	$93,549
LUKE ATHERTON	DIRECTOR	1.00	Director	$0	$0	$0
MARK BERKOVITCH	DIRECTOR	1.00	Director	$0	$0	$0
YESSENIA CARLOS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE LUM	TREASURER	1.00	Officer Director	$0	$0	$0
EMILY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JESSIE PALMER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN RAMEY	DIRECTOR	1.00	Director	$0	$0	$0
MARGIE ROSENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WENDLAND	CHAIR	1.00	Officer 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	$1,607,868	$1,245,582	$1,005,766	$362,286
2023	$861,345	$1,017,283	$643,634	$-155,938
2022	$1,062,359	$815,118	$799,402	$247,241
2021	$619,787	$675,230	$653,847	$-55,443
2020	$702,452	$758,290	$599,057	$-55,838
2019	$873,628	$869,633	$653,805	$3,995
2018	$801,152	$825,427	$648,971	$-24,275