READING MUSICAL FOUNDATION (EIN 231472487) - 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

1927

Legal Domicile

Principal Officer

KERI SHULTZ

Phone

6103763395

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

TO ADVANCE AND ADVOCATE FOR MUSIC EDUCATION AND APPRECIATION IN BERKS COUNTY.

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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 $799,161

Program Service Revenue $800

Investment Income $713,652

Other Revenue $5,937

TOTAL REVENUE $1,519,550

Expense Breakdown

Grants Paid $725,784

Salaries & Benefits $233,972

Fundraising Expenses $70,546

Program Expenses $944,747

Other Expenses $173,887

TOTAL EXPENSES $1,133,643

Year-over-Year Comparison

	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%

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

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

$117,818

Total Directors

Key Employees

Highest Compensated

reported

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

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	$1,519,550	$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

READING MUSICAL FOUNDATION