FOUNDATION FOR READING AREA COMMUN… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

RYAN HOTTENSTEIN

Phone

6106076239

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR READING AREA COMMUNITY COLLEGE, founded in 1981, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Expenses of $3.6M left a modest 13% surplus.

Mission

THE MISSION OF THE FOUNDATION FOR READING AREA COMMUNITY COLLEGE IS TO AUGMENT AND ENHANCE THE COLLEGE'S ABILITY TO OFFER AFFORDABLE, QUALITY EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,446,302

TO MAINTAIN AND DEVELOP THE EDUCATIONAL FACILITIES AND PROGRAMS OF READING AREA COMMUNITY COLLEGE

Program 2

Expenses: $2,031,720

TO AWARD SCHOLARSHIPS AND/OR GRANTS TO FUTURE, PRESENT, AND FORMER STUDENTS OF THE READING AREA COMMUNITY COLLEGE

Program 3

Expenses: $89,489

TO PROVIDE BOOKS AND EQUIPMENT FOR READING AREA COMMUNITY COLLEGE

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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 $3,762,420

Program Service Revenue $0

Investment Income $380,800

Other Revenue $-33,887

TOTAL REVENUE $4,109,333

Expense Breakdown

Grants Paid $3,377,516

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,567,511

Other Expenses $189,995

TOTAL EXPENSES $3,567,511

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,109,333	$4,212,353	0.0%
Expenses	$3,567,511	$2,988,127	+0.2%
Net Income	$541,822	$1,224,226	-0.6%

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

N/A

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

$225,076

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY M MOYER	CHAIR	1.00	Officer Director	$0	$0	$0
MARY M PALMER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
RYAN P HOTTENSTEIN	TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA A IANNELLI	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
CRAIG M PERROTTY	SECRETARY	1.00	Officer Director	$0	$0	$0
DR CHARLES BARBERA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM F BENDER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC G BURKEY	DIRECTOR	1.00	Director	$0	$0	$0
PETER T EDELMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN A EHRLICH	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES FRIES	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA FOCHT	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY FRANKOWSKI ESQ	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI GAGE-LINDERMAN	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
DR JILL HACKMAN	DIRECTOR	1.00	Director	$0	$0	$0
KATIE B HANNON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL B LAWS JR	DIRECTOR	1.00	Director	$0	$0	$0
DR SUSAN D LOONEY	DIRECTOR	1.00	Director	$0	$0	$0
DR JEROME I MARCUS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL J NOON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL G OXHOLM	DIRECTOR	1.00	Director	$0	$0	$0
MARYANNE POST BELL	DIRECTOR	1.00	Director	$0	$0	$0
GARY W RIGHTMIRE	DIRECTOR	1.00	Director	$0	$0	$0
PETER ROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA RUSH	DIRECTOR	1.00	Director	$0	$0	$0
BECKY SHEMANSKI	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN L STOCK ESQ	DIRECTOR	1.00	Director	$0	$0	$0
SHARON WHITE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL E NAGEL	VICE PRESIDENT EMERITUS-NON-VOTING	1.00	Director	$0	$0	$0
ANTHONY DEMARCO	EXECUTIVE DIRECTOR	15.00	Officer	$0	$68,773	$225,076

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	$4,109,333	$3,567,511	$31,986,764	$541,822
2024	$4,212,353	$2,988,127	$28,950,000	$1,224,226
2023	$1,876,136	$1,902,741	$25,439,059	$-26,605
2022	$2,074,074	$1,889,449	$24,638,373	$184,625
2021	$1,932,063	$1,633,591	$26,927,388	$298,472
2020	$1,257,241	$1,539,184	$21,281,888	$-281,943
2019	$1,547,276	$1,951,787	$21,438,462	$-404,511

FOUNDATION FOR READING AREA COMMUNITY COLLEGE