READING RECOVERY COUNCIL OF NORTH AMERICA INC (EIN 311429018) - 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

1996

Legal Domicile

Principal Officer

BILLY MOLASSO

Phone

6143107323

Tax Period

2023-07-01 to 2024-06-30

READING RECOVERY COUNCIL OF NORTH AMERICA INC, founded in 1996, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

WE ENSURE THAT CHILDREN WHO STRUGGLE IN LEARNING TO READ AND WRITE GAIN THE SKILLS FOR A LITERATE AND PRODUCTIVE FUTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $413,223

Program Service Revenue $1,152,258

Investment Income $7,186

Other Revenue $91,426

TOTAL REVENUE $1,664,093

Expense Breakdown

Grants Paid $4,835

Salaries & Benefits $666,746

Fundraising Expenses $28,211

Program Expenses $944,160

Other Expenses $1,084,332

TOTAL EXPENSES $1,755,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,664,093	$1,277,377	+0.3%
Expenses	$1,755,913	$1,860,042	-0.1%
Net Income	$-91,820	$-582,665	-0.8%

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

120

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

$165,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLYSON MATCZUK	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTOINETTE MIRANDA	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN LIPSCOMB	DIRECTOR	1.00	Director	$0	$0	$0
CAROL ANN G GITTENS PHD	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG CARSON	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA RICH	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH KAYE	DIRECTOR	1.00	Director	$0	$0	$0
GAY SU PINNELL	DIRECTOR	1.00	Director	$0	$0	$0
HELEN PROULX	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE LIPP	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
K JOURNEY J SWAFFORD	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN BROWN	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTINE GRIFFOR	DIRECTOR	1.00	Director	$0	$0	$0
LISA PINKERTON	DIRECTOR	1.00	Director	$0	$0	$0
LORI LYON	DIRECTOR	1.00	Director	$0	$0	$0
NINA FERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
RACHAEL GABRIEL	DIRECTOR	1.00	Director	$0	$0	$0
WENDA E DICKENS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WILLIAMS	TREASURER	1.00	Officer Director	$0	$0	$0
BILLY MOLASSO	EXECUTIVE DIRECTOR	40.00	Officer	$165,000	$0	$165,000

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	No data	No data	No data	No data
2024	$1,664,093	$1,755,913	$1,097,507	$-91,820
2023	$1,277,377	$1,860,042	$1,402,560	$-582,665
2022	$1,197,918	$1,908,324	$1,777,303	$-710,406
2021	$2,492,526	$1,740,650	$2,360,784	$751,876
2020	$1,814,686	$2,037,072	$1,607,305	$-222,386
2019	$2,188,349	$2,224,978	$1,808,982	$-36,629

READING RECOVERY COUNCIL OF NORTH AMERICA INC