Reading Specialists Education Association

EIN: 450463456 501(c)(3)

Reading, PA

Total Revenue
N/A
Total Expenses
N/A
Total Assets
N/A
Net Assets
N/A
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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
2000
Legal Domicile
PA
Principal Officer
Dr Vincent J LaSorsa
Phone
6103727960
Tax Period
2023-07-01 to 2024-06-30

Mission

To provide dedicated professional experience in the design and implementation of programs that will address the needs of children and adolescents who have been both victims and perpetrators of domestic violence and sexual abuse and have subsequently been placed in the foster care system.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $2,011 -1.0%
Expenses N/A $4,611 -1.0%
Net Income N/A $-2,600 N/A
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
N/A
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ryan D Smith Former President 0.00
$0 $20,114 $1,405,199
Dr Vincent J LaSorsa Former Director 0.00
$0 $22,999 $570,374
Jennifer P Gassen Former Secretary 0.00
$0 $34,395 $346,521
Cynthia Bertrando Former Treasurer 0.00
$0 $0 $305,000
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
2024 No data No data No data No data
2023 $2,011 $4,611 $49,288 $-2,600
2022 $1,377,461 $1,254,573 $51,888 $122,888
2021 $6,153,805 $4,936,444 $2,699,496 $1,217,361
2020 $5,527,474 $4,979,833 $1,904,585 $547,641
2019 $5,174,008 $4,944,694 $1,306,438 $229,314
2017 $870,424 $1,087,150 $1,452,859 $-216,726
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