DYSLEXIA INSTITUTE OF MN INC

EIN: 411633734 501(c)(3) Education

ROCHESTER, MN

Total Revenue
$2,208,678
Total Expenses
$2,169,110
Total Assets
$5,265,165
Net Assets
$5,092,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
MN
Principal Officer
JOEL TRAVER
Phone
5072885271
Tax Period
2024-01-01 to 2024-12-31

DYSLEXIA INSTITUTE OF MN INC, founded in 1951, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $5.1M represent 28 months of operating reserves.

Mission

THE READING CENTER IS A NONPROFIT EDUCATIONAL ORGANIZATION THAT TEACHES CHILDREN AND INDIVIDUALS WITH DYSLEXIA HOW TO READ, WRITE, AND SPELL USING THE ORTON GILLINGHAM APPROACH, WHICH ALIGNS WITH THE SCIENCE OF READING

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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 $983,034
Program Service Revenue $1,166,309
Investment Income $57,122
Other Revenue $2,213
TOTAL REVENUE $2,208,678

Expense Breakdown

Grants Paid $0
Salaries & Benefits $824,642
Fundraising Expenses $135,520
Program Expenses $1,737,509
Other Expenses $1,344,468
TOTAL EXPENSES $2,169,110

Year-over-Year Comparison

2024 2023 Change
Revenue $2,208,678 $1,706,393 +0.3%
Expenses $2,169,110 $1,911,703 +0.1%
Net Income $39,568 $-205,310 -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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
54
Volunteers
40

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
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOEL TRAVER ED D CHAIR 1.00
Officer Director
$0 $0 $0
LEO STERN BOARD MEMBER 0.50
Director
$0 $0 $0
MARCIA HENRY PHD FOUNDING BOARD MEMBER 0.50
Director
$0 $0 $0
ELAINE BAUMAN BOARD MEMBER 0.50
Director
$0 $0 $0
MARLA BURKHART TREASURER 1.00
Officer Director
$0 $0 $0
ZEB DUDEK BOARD MEMBER 0.50
Director
$0 $0 $0
BRIAN MOSER VICE CHAIR 0.50
Officer Director
$0 $0 $0
JENNIFER GOWIN BOARD MEMBER 0.50
Director
$0 $0 $0
ANNA MARY PETERSON PAST CHAIR/BOARD MEMBER 1.00
Director
$0 $0 $0
JOSELYN RAYMUNDO PHARMD BOARD MEMBER 0.50
Director
$0 $0 $0
OPAL RICHARDS ESQUIRE BOARD MEMBER 0.50
Director
$0 $0 $0
JENNIFER YERHOT BOARD MEMBER 0.50
Director
$0 $0 $0
ERIN HEELAN SECRETARY 0.50
Officer Director
$0 $0 $0
NEAL SORENSON BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW WOOD BOARD MEMBER 1.00
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 $2,208,678 $2,169,110 $5,265,165 $39,568
2023 $1,706,393 $1,911,703 $5,151,266 $-205,310
2022 $2,030,699 $1,596,606 $5,283,094 $434,093
2021 $1,459,758 $1,465,856 $4,892,470 $-6,098
2020 $2,117,423 $1,326,191 $4,900,812 $791,232
2019 $2,371,904 $1,136,659 $4,597,639 $1,235,245
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