READING TERMINAL MARKET CORPORATION

EIN: 232754641 501(c)(3) Philanthropy & Grantmaking

PHILADELPHIA, PA

Total Revenue
$6,920,803
Total Expenses
$7,200,770
Total Assets
$11,464,332
Net Assets
$5,297,756
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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
PA
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

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%)

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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

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Governance

Voting Members
9
Independent Members
9
Employees
54
Volunteers
19

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
4
$253,105
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
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
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