READING SCHOLARSHIP FOUNDATION INC (EIN 237365813) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Phone

7818203472

Tax Period

2024-10-01 to 2025-09-30

READING SCHOLARSHIP FOUNDATION INC, founded in 1969, is a small nonprofit that reported $539K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $294K, a strong 55% operating margin.

Mission

AWARDING EDUCATIONAL SCHOLARSHIPS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $138,974

Program Service Revenue $0

Investment Income $399,600

Other Revenue $0

TOTAL REVENUE $538,574

Expense Breakdown

Grants Paid $228,517

Salaries & Benefits $0

Fundraising Expenses $10,205

Program Expenses $228,517

Other Expenses $15,824

TOTAL EXPENSES $244,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$538,574	$306,074	+0.8%
Expenses	$244,341	$223,025	+0.1%
Net Income	$294,233	$83,049	+2.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
MARY HAGSTROM	Director	0.50	Director	$0	$0	$0
PATTY WHITE	President	2.00	Officer Director	$0	$0	$0
THOMAS FRATTO	Treasurer	2.00	Officer Director	$0	$0	$0
SUSAN SCHWARTZ	ASSIST TREASURE	2.00	Officer Director	$0	$0	$0
JANE DARVEAU	Director	2.00	Director	$0	$0	$0
DINA DUFFY	Director	0.00	Director	$0	$0	$0
KAREN BURKE	CLERK	0.50	Officer Director	$0	$0	$0
SUSAN COLELLA	Director	0.50	Director	$0	$0	$0
ELIZABETH DAVIDSON	Director	0.50	Director	$0	$0	$0
CHERYL DORENFELD	Director	0.50	Director	$0	$0	$0
JAY DUMAS	Director	0.50	Director	$0	$0	$0
PAULINE HAROOTIAN	Director	0.50	Director	$0	$0	$0
KAREN HERRICK	Director	0.50	Director	$0	$0	$0
THOMAS MEHARG	Director	0.50	Director	$0	$0	$0
REN O'CONNELL	Director	0.50	Director	$0	$0	$0
ROC O'CONNELL	Director	0.50	Director	$0	$0	$0
POOJA PARSONS	Director	0.50	Director	$0	$0	$0
ANNE SCHOFIELD	Director	0.50	Director	$0	$0	$0
ELAINE SMITH	Director	0.50	Director	$0	$0	$0
ELLEN TERRY	Director	0.50	Director	$0	$0	$0
JEANNE THOMASES	Director	0.50	Director	$0	$0	$0
MARCIA TOOMEY	Vice President	0.50	Director	$0	$0	$0
JOAN VAILLANCOURT	Director	0.50	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	$538,574	$244,341	$4,907,868	$294,233
2024	$306,074	$223,025	$4,536,197	$83,049
2023	$244,240	$228,751	$3,776,691	$15,489
2022	$1,564,306	$204,424	$3,431,312	$1,359,882
2021	$389,619	$208,809	$4,223,322	$180,810
2020	$241,214	$192,358	$3,641,336	$48,856
2019	$216,529	$208,851	$3,358,389	$7,678
2018	$398,940	$200,498	$3,286,847	$198,442

READING SCHOLARSHIP FOUNDATION INC