READING TERMINAL MARKET CORPORATION

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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

1995

Legal Domicile

Principal Officer

EUGENE LEFEVRE

Phone

2159222317

Tax Period

2024-07-01 to 2025-06-30

READING TERMINAL MARKET CORPORATION, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.9M in total revenue in fiscal year 2024.

Mission

TO PRESERVE THE ARCHITECTURAL AND HISTORICAL CHARACTER, AND FUNCTION, OF THE READING TERMINAL MARKET AS AN URBAN FARMERS' MARKET. TO PROVIDE A WIDE VARIETY OF PRODUCE, MEAT, FISH, BAKERY AND DAIRY PRODUCTS, AND OTHER RAW AND PREPARED FOOD, BROUGHT TO A PUBLIC MARKET.

Program Service Accomplishments

Program 1

Expenses: $6,495,929 Revenue: $6,207,751

THE ORGANIZATION WAS CREATED EXCLUSIVELY TO PRESERVE AND MAINTAIN THE HISTORIC CHARACTER AND OVERSEE THE OPERATIONS OF THE READING TERMINAL MARKET.

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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 $550,976

Program Service Revenue $6,207,751

Investment Income $35,832

Other Revenue $126,244

TOTAL REVENUE $6,920,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,431,245

Fundraising Expenses $278,686

Program Expenses $6,495,929

Other Expenses $5,769,525

TOTAL EXPENSES $7,200,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,920,803	$6,821,558	+0.0%
Expenses	$7,200,770	$6,582,773	+0.1%
Net Income	$-279,967	$238,785	-2.2%

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

$253,105

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT A COSSROW	CHAIRMAN	2.00	Officer Director	$0	$0	$0
EUGENE LEFEVRE	TREASURER	1.00	Officer Director	$0	$0	$0
KERI WHITE	SECRETARY (TILL 07/2024), VICE-CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
ANUJ GUPTA	DIRECTOR	1.00	Director	$0	$0	$0
ANNE KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN J MCNICHOL	DIRECTOR	1.00	Director	$0	$0	$0
MARK SQUILLA	DIRECTOR	1.00	Director	$0	$0	$0
DAWN SUMMERVILLE	DIRECTOR	1.00	Director	$0	$0	$0
HELEN A ALLMAN	GENERAL MANAGER & CEO	50.00	Officer	$216,175	$36,930	$253,105
MIGUEL SERVELLON	ASSISTANT GENERAL MANAGER	40.00	Highest	$111,077	$28,232	$139,309

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	$6,920,803	$7,200,770	$11,464,332	$-279,967
2024	$6,821,558	$6,582,773	$12,835,044	$238,785
2023	$6,497,861	$6,247,225	$10,696,044	$250,636
2022	$5,282,473	$5,195,033	$10,552,612	$87,440
2021	$5,939,517	$4,546,570	$9,060,638	$1,392,947
2020	$5,072,905	$5,970,281	$7,145,013	$-897,376
2019	$5,779,232	$5,201,389	$7,764,050	$577,843
2018	$5,402,902	$5,022,574	$7,427,614	$380,328