READING POWER INC (EIN 202916846) - 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

2005

Legal Domicile

Principal Officer

LISA BULZONI

Phone

8474368060

Tax Period

2024-07-01 to 2025-06-30

READING POWER INC, founded in 2005, is a community nonprofit in the Youth Development sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

READING POWER, INC IS A NOT FOR PROFIT LITERACY TUTORING PROGRAM SERVING LOW-ACHIEVING CHILDREN ATTENDING ELEMENTARY SCHOOLS. THEIR MISSION IS TO ACCELERATE CHILDREN'S LITERACY LEARNING AND TO DEVELOP IN THEM A LOVE OF READING AND WRITING. THIS GOAL IS ACCOMPLISHED THROUGH AN INDEPENDENT TUTORING PROGRAM WORKING IN PARTNERSHIP WITH THE SCHOOLS. THE BELIEF IS THAT ALL CHILDREN DESERVE TO REACH THEIR ACADEMIC POTENTIAL.

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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 $1,394,736

Program Service Revenue $0

Investment Income $554

Other Revenue $280,859

TOTAL REVENUE $1,676,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,536,816

Fundraising Expenses $295,684

Program Expenses $1,343,611

Other Expenses $311,925

TOTAL EXPENSES $1,848,741

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,676,149	$1,917,784	-0.1%
Expenses	$1,848,741	$1,597,424	+0.2%
Net Income	$-172,592	$320,360	-1.5%

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

823

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

$158,451

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA BULZONI	CEO	50.00	Officer	$158,451	$0	$158,451
JOANIE ALLEY	DIRECTOR	N/A	Director	$0	$0	$0
ANN BATES	SECRETARY	N/A	Officer Director	$0	$0	$0
GRAHAM BAYLY	DIRECTOR	N/A	Director	$0	$0	$0
RACHEL BLAND	DIRECTOR	N/A	Director	$0	$0	$0
KATHLEEN COWIE	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL GOLD	DIRECTOR	N/A	Director	$0	$0	$0
MARY JANE HENDER	DIRECTOR	N/A	Director	$0	$0	$0
TODD LITZSINGER	DIRECTOR	N/A	Director	$0	$0	$0
BETSY MATTHEWS	DIRECTOR	N/A	Director	$0	$0	$0
KATHY MCFARLAND	CHARIMAN	N/A	Officer Director	$0	$0	$0
JONATHAN MCGEE	DIRECTOR	N/A	Director	$0	$0	$0
PRATIK PATEL	DIRECTOR	N/A	Director	$0	$0	$0
SARA POTICHA	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
JUSTIN SCHIFFMAN	DIRECTOR	N/A	Director	$0	$0	$0
BONNIE SHLENSKY	DIRECTOR	N/A	Director	$0	$0	$0
PETER TING	DIRECTOR	N/A	Director	$0	$0	$0
ARTHUR TURNER	DIRECTOR	N/A	Director	$0	$0	$0
MARY WEBER	DIRECTOR	N/A	Director	$0	$0	$0
MAGGIE WEHMER	DIRECTOR	N/A	Director	$0	$0	$0
KEITH WRIGHT	DIRECTOR	N/A	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	$1,676,149	$1,848,741	$1,213,854	$-172,592
2024	$1,917,784	$1,597,424	$1,359,797	$320,360
2024	$1,917,784	$1,597,424	$1,359,797	$320,360
2023	$1,242,929	$1,396,059	$1,182,434	$-153,130
2023	$1,242,929	$1,396,059	$1,182,434	$-153,130
2022	$1,035,570	$1,024,729	$984,195	$10,841
2021	$863,663	$757,136	$927,019	$106,527
2020	$652,171	$646,944	$907,456	$5,227
2019	$840,216	$600,682	$809,758	$239,534

READING POWER INC