READING IS FUNDAMENTAL OF SOUTHERN CALIFORNIA INC (EIN 237425712) - 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

1974

Legal Domicile

Principal Officer

CAROL HENAULT

Phone

3238900876

Tax Period

2024-07-01 to 2025-06-30

READING IS FUNDAMENTAL OF SOUTHERN CALIFORNIA INC, founded in 1974, is a small nonprofit in the Education sector that reported $532K in total revenue in fiscal year 2024. Expenses of $469K left a modest 12% surplus.

Mission

TO PROMOTE LITERACY AND MOTIVATE CHILDREN TO READ BY PROVIDING NEW BOOKS TO CREATE HOME LIBRARIES FOR UNDERSERVED CHILDREN IN SOUTHERN CALIFORNIA.

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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 $285,199

Program Service Revenue $165,266

Investment Income $81,203

Other Revenue $0

TOTAL REVENUE $531,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,754

Fundraising Expenses $51,951

Program Expenses $359,038

Other Expenses $262,832

TOTAL EXPENSES $468,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$531,668	$520,772	+0.0%
Expenses	$468,586	$493,286	-0.1%
Net Income	$63,082	$27,486	+1.3%

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
JENNIFER GRESENZ	TREASURER	001.00	Director	$0	$0	$0
ANGIE FLORES	BOARD MEMBER	001.00	Director	$0	$0	$0
ALVA SACHS	BOARD EMERITUS	001.00	Director	$0	$0	$0
ANDREW A MENESES JR	BOARD MEMBER	001.00	Director	$0	$0	$0
MICHAEL F CHAVEZ	PRESIDENT	001.00	Director	$0	$0	$0
TERESA VERDUZCO LOPEZ	BOARD MEMBER	001.00	Director	$0	$0	$0
BRIAN ALIMAN	SECRETARY	001.00	Director	$0	$0	$0
CYNTHIA KOSSAN	BOARD MEMBER	001.00	Director	$0	$0	$0
GEORGE KOSSAN	BOARD MEMBER	001.00	Director	$0	$0	$0
KENNETH HOO	BOARD MEMBER	001.00	Director	$0	$0	$0
CAROL HENAULT	EXECUTIVE DIRECTOR	040.00	Key Emp	$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	$531,668	$468,586	$1,216,383	$63,082
2024	$520,772	$493,286	$1,029,160	$27,486
2023	$482,049	$470,873	$1,016,507	$11,176
2022	$416,130	$541,414	$1,003,941	$-125,284
2021	$585,702	$404,094	$1,155,945	$181,608
2020	$405,800	$401,508	$974,023	$4,292
2019	$558,911	$454,868	$926,208	$104,043

READING IS FUNDAMENTAL OF SOUTHERN CALIFORNIA INC