WEST READING COMMUNITY REVITALIZATION FOUNDATION (EIN 232959713) - 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

1998

Legal Domicile

Principal Officer

MARK DOUGHERTY

Phone

6106858854

Tax Period

2024-01-01 to 2024-12-31

WEST READING COMMUNITY REVITALIZATION FOUNDATION, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $267K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $362K exceeded revenue, resulting in a 36% operating deficit.

Mission

THE WEST READING COMMUNITY REVITALIZATION FOUNDATION, A NONPROFIT COMMUNITY-BASED ORGANIZATION, IS A PARTNERSHIP OF RESIDENTS, GOVERNMENT OFFICIALS, AND BUSINESS LEADERS COMMITTED TO ADVANCE THE VITALITY IN OUR COMMERCIAL AREAS AND THE LIVABILITY OF RESIDENTIAL AREAS OF WEST READING.

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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 $69,703

Program Service Revenue $194,442

Investment Income $5,644

Other Revenue $-2,608

TOTAL REVENUE $267,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,527

Fundraising Expenses $3,590

Program Expenses $294,513

Other Expenses $274,866

TOTAL EXPENSES $362,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$267,181	$190,641	+0.4%
Expenses	$362,393	$187,354	+0.9%
Net Income	$-95,212	$3,287	-30.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW MOLETRESS	TREASURER	5.00	Officer Director	$0	$0	$0
MARK DOUGHERTY	PRESIDENT	5.00	Officer Director	$0	$0	$0
PHILIP WERT	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
NANCY CAMPBELL	SECRETARY	5.00	Officer Director	$0	$0	$0
KATE ALLEY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SHUTTLESWORTH	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM GAGE	DIRECTOR	1.00	Director	$0	$0	$0
TINA SHENK	DIRECTOR	1.00	Director	$0	$0	$0
RANDY MILLER	DIRECTOR	2.00	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
2024	$267,181	$362,393	$529,196	$-95,212
2023	$323,742	$208,763	$630,924	$114,979
2022	$190,641	$187,354	$522,141	$3,287
2021	$266,353	$187,997	$524,730	$78,356
2020	$200,105	$227,060	$463,542	$-26,955
2019	$293,501	$194,311	$484,164	$99,190
2018	$242,033	$203,746	$399,781	$38,287

WEST READING COMMUNITY REVITALIZATION FOUNDATION