READING IS FUNDAMENTAL PITTSBURGH

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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

1987

Legal Domicile

Principal Officer

FLORRI LADOV

Phone

4123218022

Tax Period

2024-06-01 to 2025-05-31

READING IS FUNDAMENTAL PITTSBURGH, founded in 1987, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 10% surplus.

Mission

TO PROVIDE CHILDREN WITH THE BOOKS, RESOURCES, MOTIVATION AND OPPORTUNITIES TO DEVELOP A LIFE-LONG LOVE OF READING.

Program Service Accomplishments

Program 1

Expenses: $440,568 Revenue: $37,057

BOOKS FOR KEEPS: FEATURES FUN, EDUCATIONAL READING CELEBRATIONS THAT COMBINE STORYTIMES, MOTIVATIONAL LITERACY ACTIVITIES, AND THE OPPORTUNITY TO SELECT A BOOK TO TAKE HOME AND KEEP. CHILDREN AT...

BOOKS FOR KEEPS: FEATURES FUN, EDUCATIONAL READING CELEBRATIONS THAT COMBINE STORYTIMES, MOTIVATIONAL LITERACY ACTIVITIES, AND THE OPPORTUNITY TO SELECT A BOOK TO TAKE HOME AND KEEP. CHILDREN AT SCHOOLS, EARLY CHILDHOOD CENTERS, AND AFTERSCHOOL PROGRAMS PARTICIPATE IN 3-5 INTERACTIVE READING CELEBRATIONS DESIGNED TO ENGAGE CHILDREN IN THE JOY OF READING AND LEARNING.

Program 2

Expenses: $740,975 Revenue: $23,180

STORYMOBILE: THESE LENDING LIBRARIES-ON-WHEELS TAKE BOOKS AND LITERACY RESOURCES TO EARLY CHILDHOOD CENTERS, PRE-K AND KINDERGARTEN CLASSROOMS, AFTERSCHOOL PROGRAMS, PUBLIC HOUSING COMMUNITIES, AND...

Program 3

Expenses: $172,273 Revenue: $0

EVERYBODY WINS!: EVERYBODY WINS! IS A LITERACY AND MENTORING PROGRAM THAT STRIVES TO BUILD LITERACY SKILLS AND A LOVE OF READING IN ELEMENTARY SCHOOL STUDENTS. THIS PROGRAM PAIRS PRE-K THROUGH THIRD GRADERS WITH VOLUNTEERS FROM LOCAL COMPANIES AND ORGANIZATIONS TO SHARE CONVERSATION AND GOOD BOOKS.

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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 $1,579,949

Program Service Revenue $60,237

Investment Income $160,454

Other Revenue $0

TOTAL REVENUE $1,800,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,079,256

Fundraising Expenses $183,026

Program Expenses $1,353,816

Other Expenses $544,588

TOTAL EXPENSES $1,623,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,800,640	$1,745,022	+0.0%
Expenses	$1,623,844	$1,551,558	+0.0%
Net Income	$176,796	$193,464	-0.1%

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

183

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

$247,494

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MACALUS V HOGAN MD MBA	BOARD MEMBER	0.30	Director	$0	$0	$0
KEVIN ACKLIN	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
JORDAN S BLASK	PRESIDENT	0.30	Officer Director	$0	$0	$0
SYLVIA OWUSU-ANSAH MD MPH FAAP	BOARD MEMBER	0.30	Director	$0	$0	$0
PATRICK DUFFY	TREASURER	0.30	Officer Director	$0	$0	$0
JOHN BRUNO	SECRETARY	0.30	Officer Director	$0	$0	$0
REBECCA BACHMAN	BOARD MEMBER	0.30	Director	$0	$0	$0
ALISON MCGEE	BOARD MEMBER	0.30	Director	$0	$0	$0
FLORRI LADOV	EXECUTIVE DIRECTOR	40.00	Officer	$229,100	$18,394	$247,494

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	$1,800,640	$1,623,844	$3,699,845	$176,796
2024	$1,745,022	$1,551,558	$3,560,876	$193,464
2023	$1,284,111	$1,381,766	$3,401,219	$-97,655
2022	$940,540	$1,121,275	$3,385,621	$-180,735
2021	$1,812,441	$985,021	$3,560,085	$827,420
2020	$1,070,375	$1,240,779	$2,858,017	$-170,404
2019	$1,301,095	$1,173,205	$2,892,855	$127,890
2018	$988,405	$1,121,081	$2,776,516	$-132,676