READING EMERGENCY UNIT INC

EIN: 382415274 501(c)(3) Health Care

HILLSDALE, MI

Total Revenue
$2,627,745
Total Expenses
$2,654,182
Total Assets
$1,820,741
Net Assets
$1,071,340
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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
1971
Principal Officer
TERRY ESTERLINE
Phone
5172832856
Tax Period
2024-01-01 to 2024-12-31

READING EMERGENCY UNIT INC, founded in 1971, is a community nonprofit in the Health Care sector that reported $2.6M in total revenue in fiscal year 2024.

Mission

PROVIDE AMBULATORY CARE AND RESCUE SERVICES IN CASES OF ACCIDENT, ILLNESSES, OR OTHER EMERGENCIES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $991,041
Program Service Revenue $1,628,113
Investment Income $5,341
Other Revenue $3,250
TOTAL REVENUE $2,627,745

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,688,718
Fundraising Expenses $0
Program Expenses $2,060,183
Other Expenses $965,464
TOTAL EXPENSES $2,654,182

Year-over-Year Comparison

2024 2023 Change
Revenue $2,627,745 $2,456,040 +0.1%
Expenses $2,654,182 $2,313,031 +0.1%
Net Income $-26,437 $143,009 -1.2%
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

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Governance

Voting Members
6
Independent Members
6
Employees
46
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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY ESTERLINE PRESIDENT N/A
Officer
$0 $0 $0
JULIE GAMES VICE PRESIDE N/A
Officer
$0 $0 $0
BRENDA THOMAS SECRETARY N/A
Officer
$0 $0 $0
KATHY SMITH TREASURER N/A
Officer
$0 $0 $0
NAMRATA CAROLAN TRUSTEE N/A
Director
$0 $0 $0
STEVE MCDOWELL TRUSTEE N/A
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 $2,627,745 $2,654,182 $1,820,741 $-26,437
2023 $2,456,040 $2,313,031 $2,013,339 $143,009
2022 $2,165,344 $2,227,450 $1,714,247 $-62,106
2021 $2,178,835 $2,177,949 $1,833,102 $886
2020 $2,412,014 $2,082,499 $1,488,467 $329,515
2019 $1,895,113 $1,896,740 $1,226,852 $-1,627
2018 $1,822,682 $1,831,594 $1,206,932 $-8,912
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