READING RECREATION COMMISSION

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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

2012

Legal Domicile

Principal Officer

DAPHNE E KLAHR

Phone

6106556201

Tax Period

2024-01-01 to 2024-12-31

READING RECREATION COMMISSION, founded in 2012, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2024.

Mission

TO PROVIDE QUALITY RECREATION PROGRAMS AND FACILITIES TO THE RESIDENTS OF THE CITY OF READING WITH AN EMPHASIS ON YOUTH PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $418,449 Revenue: $176,823

SCHLEGEL PARK POOL IS ONE OF THE LARGEST PUBLIC POOLS IN BERKS COUNTY. DAILY OR SEASONAL PASSES MAY BE PURCHASED. AMENITIES INCLUDE POOL, PICKLEBALL COURT, BASKETBALL COURT, PAVILION, PICNIC TABLES...

Program 2

Expenses: $303,314 Revenue: $128,171

PROVIDED TENNIS PROGRAM INTO MULTIPLE CITY LOCATIONS AND SCHOOLS; HELD SPECIAL TENNIS EVENTS AND CLINICS. ALSO PROVIDED VOLLEYBALL, BASKETBALL, & OTHER PROGRAMS.

Program 3

Expenses: $381,600 Revenue: $161,252

OPERATED MULTIPLE PLAYGROUND AND AFTERSCHOOL SITES ALONG WITH SPECIAL EVENTS LIKE WACKY WATER WEDNESDAY AND MOVIE NIGHTS.

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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 $974,712

Program Service Revenue $468,351

Investment Income $10,949

Other Revenue $72,058

TOTAL REVENUE $1,526,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,062,702

Fundraising Expenses $43,358

Program Expenses $1,273,182

Other Expenses $426,773

TOTAL EXPENSES $1,489,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,526,070	$1,541,631	0.0%
Expenses	$1,489,475	$1,424,025	+0.0%
Net Income	$36,595	$117,606	-0.7%

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

106

Volunteers

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

$109,096

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD TADDEI JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JESSE LEISAWITZ ESQ	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID MCCOY	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICIA WRIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
PAIGE BROOKINS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHAN THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS TORRES	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA VENTURA	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA CAMPOS	DIRECTOR	1.00	Director	$0	$0	$0
JOELIA WELMAKER	DIRECTOR	1.00	Director	$0	$0	$0
DAPHNE KLAHR	EXECUTIVE DIRECTOR	40.00	Officer	$102,641	$6,455	$109,096

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	$1,526,070	$1,489,475	$1,347,437	$36,595
2023	$1,541,631	$1,424,025	$1,338,938	$117,606
2022	$1,215,207	$1,276,769	$1,355,188	$-61,562
2021	$1,418,175	$1,093,226	$1,028,310	$324,949
2020	$2,090,457	$1,642,780	$692,024	$447,677
2019	$1,367,085	$1,531,071	$251,999	$-163,986
2018	$1,434,822	$1,407,990	$428,584	$26,832