The Children's Home of Reading

EIN: 231352080 501(c)(3) Human Services

Reading, PA

Total Revenue
$670,928
Total Expenses
$603,450
Total Assets
$17,170,926
Net Assets
$16,694,420
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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
1888
Legal Domicile
PA
Principal Officer
Dr Vincent J LaSorsa
Phone
6104788266
Tax Period
2022-07-01 to 2023-06-30

The Children's Home of Reading, founded in 1888, is a small nonprofit in the Human Services sector that reported $671K in total revenue in fiscal year 2022. Expenses of $603K left a modest 10% surplus.

Mission

To raise funds to help affiliate organizations fund programs that provide services to county youths, including community residential care, shelter care, foster care, and drug and alcohol programs.

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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 (2022)

Revenue Breakdown

Contributions & Grants $371,843
Program Service Revenue $85,561
Investment Income $180,524
Other Revenue $33,000
TOTAL REVENUE $670,928

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $410,675
Program Expenses $105,857
Other Expenses $603,450
TOTAL EXPENSES $603,450

Year-over-Year Comparison

2022 2021 Change
Revenue $670,928 $701,773 0.0%
Expenses $603,450 $497,694 +0.2%
Net Income $67,478 $204,079 -0.7%
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
15
Independent Members
12
Employees
N/A
Volunteers
12

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
5
$738,541
Total Directors
17
$1,908,416
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ryan D Smith Member 3.00
Director
$2,938 $10,605 $1,307,425
Mia Woods Member 3.00
Director
$0 $0 $0
Barbara Werner Member 3.00
Director
$0 $8,497 $118,977
Dr Christopher F Valente Member 3.00
Director
$0 $0 $0
Gary Twardowski Member 3.00
Director
$0 $0 $0
Dr Judith Parker Member 3.00
Director
$0 $0 $0
Cindy Pachuta Member 3.00
Director
$0 $0 $0
Keesha Moore Member, resigned 3.00
Director
$0 $0 $0
Linda Misterkiewicz Member 3.00
Director
$0 $0 $0
Cynthia Malick Member 3.00
Director
$0 $0 $0
Bruce D Kraft Member 3.00
Director
$0 $0 $0
Lou Kassa Member 3.00
Director
$0 $0 $0
Robert J Cagliola Treasurer 3.00
Officer Director
$0 $0 $0
Dr Louis D Mancano Vice Chairperson, resigned 3.00
Officer Director
$0 $0 $0
W Lee Prussman Chairperson 3.00
Officer Director
$0 $0 $0
Dr Vincent J LaSorsa President 3.00
Officer Director
$95,607 $13,404 $482,014
Mary Ann Zerkonwski Member 3.00
Director
$0 $0 $0
Jennifer P Gassen Secretary, non-voting 3.00
Officer
$0 $13,016 $256,527
Jeffrey Giovino Executive VP and COO 0.50
Highest
$3,109 $8,597 $972,604
Thomas H Bogovich VP, Referral Development 20.00
Highest
$0 $1,892 $272,010
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 No data No data No data No data
2023 $670,928 $603,450 $17,170,926 $67,478
2022 $701,773 $497,694 $19,018,465 $204,079
2021 $1,096,202 $541,680 $19,349,444 $554,522
2020 $1,214,055 $695,732 $18,707,040 $518,323
2019 $1,537,881 $1,208,285 $18,016,447 $329,596
2018 $671,085 $1,341,517 $10,381,091 $-670,432
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