READING, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)READING MUSICAL FOUNDATION, founded in 1927, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $386K, a strong 25% operating margin.
TO ADVANCE AND ADVOCATE FOR MUSIC EDUCATION AND APPRECIATION IN BERKS COUNTY.
STUDENT SCHOLARSHIPS - THE SCHOLARSHIP PROGRAM PROVIDES FINANCIAL ASSISTANCE TO COMMITTED BERKS COUNTY MUSIC STUDENTS WHO AUDITION ON MERIT OR DEMONSTRATE FINANCIAL NEED. SCHOLARSHIPS ARE AVAILABLE...
STUDENT SCHOLARSHIPS - THE SCHOLARSHIP PROGRAM PROVIDES FINANCIAL ASSISTANCE TO COMMITTED BERKS COUNTY MUSIC STUDENTS WHO AUDITION ON MERIT OR DEMONSTRATE FINANCIAL NEED. SCHOLARSHIPS ARE AVAILABLE FOR PIANO, ORGAN, WOODWIND, BRASS, PERCUSSION, STRING, HARP, GUITAR AND VOCAL STUDENTS, AS WELL AS AWARDS FOR COLLEGE TUITION. FINANCIAL NEED-BASED SCHOLARSHIPS SUPPORT SUMMER CAMP PARTICIPATION, PRIVATE MUSIC STUDY, AND INSTRUMENT UPGRADE REQUESTS.
RMF PROVIDES GRANTS TO MUSIC-PRESENTING ORGANIZATIONS AND SPECIAL PROJECTS THAT STRENGTHEN BERKS COUNTY'S CULTURAL LIFE. FUNDING IS AWARDED BASED ON EACH ORGANIZATION'S ABILITY TO ADVANCE RMF'S...
RMF PROVIDES GRANTS TO MUSIC-PRESENTING ORGANIZATIONS AND SPECIAL PROJECTS THAT STRENGTHEN BERKS COUNTY'S CULTURAL LIFE. FUNDING IS AWARDED BASED ON EACH ORGANIZATION'S ABILITY TO ADVANCE RMF'S MISSION OF INSPIRING, NURTURING, AND SUSTAINING A VIBRANT MUSICAL COMMUNITY. IN 2024, RMF SUPPORTED 24 LOCAL ENSEMBLES AND EDUCATIONAL INITIATIVES THROUGH PROGRAM GRANTS, UNDERWRITING PERFORMANCES, RESIDENCIES, AND MUSIC EDUCATION EXPERIENCES THROUGHOUT THE REGION.
RMF SHARES THE MUSICAL EXPERIENCE WITH MEMBERS OF THE COMMUNITY WHO MAY NOT OTHERWISE HAVE ACCESS TO MUSIC EDUCATION OR PERFORMANCE OPPORTUNITIES. PROGRAMS INCLUDE OPERATION REPLAY (INSTRUMENT...
RMF SHARES THE MUSICAL EXPERIENCE WITH MEMBERS OF THE COMMUNITY WHO MAY NOT OTHERWISE HAVE ACCESS TO MUSIC EDUCATION OR PERFORMANCE OPPORTUNITIES. PROGRAMS INCLUDE OPERATION REPLAY (INSTRUMENT RECYCLING AND LOAN PROGRAM), MUSIC IN THE SCHOOLS ASSEMBLIES, AFTER-SCHOOL MUSIC INSTRUCTION IN READING AND OLIVET BOYS & GIRLS CLUBS, THE LATIN MUSIC AFTER-SCHOOL PROGRAM, AND THE DIGITAL MUSIC LAB INITIATIVE. COLLECTIVELY, RMF PROVIDES MORE THAN 15 HOURS PER WEEK OF FREE AFTER-SCHOOL MUSIC EDUCATION AND WORKSHOPS FOR K-12 STUDENTS FROM SEPTEMBER THROUGH MAY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,519,550 | $1,523,675 | 0.0% |
| Expenses | $1,133,643 | $1,231,547 | -0.1% |
| Net Income | $385,907 | $292,128 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KERI M SHULTZ | PRESIDENT | 40.00 |
Officer
|
$89,543 | $28,275 | $117,818 |
| PAUL G OXHOLM | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRAN POST | VICE CHAIR OF DEVELOPMENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARTHA AYNARDI | VICE CHAIR OF FINANCE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SRIVIDYA RAMANATHAN | VICE CHAIR OF PROGRAMS | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEPHANIE KOCHER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIM HAYNES | ASSISTANT TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SANDY KERN | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIM SIMMONS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL ANDERSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KENT GUTZLER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KIM WEBSTER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| VIRGINIA DODGE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LEWIS FREEMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK TOMLINSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WANDA CRESPO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE D'ERRICO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN ERNESTO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DEBRA MICKA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,519,550 | $1,133,643 | $23,631,866 | $385,907 |
| 2024 | $1,523,675 | $1,231,547 | $21,639,152 | $292,128 |
| 2023 | $1,734,772 | $1,083,790 | $19,546,330 | $650,982 |
| 2022 | $3,531,006 | $939,991 | $17,638,151 | $2,591,015 |
| 2021 | $1,474,447 | $764,826 | $20,635,939 | $709,621 |
| 2020 | $1,406,641 | $1,050,205 | $16,252,909 | $356,436 |
| 2019 | $1,265,325 | $977,701 | $15,767,135 | $287,624 |
| 2018 | $1,292,808 | $827,284 | $15,463,965 | $465,524 |
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