Start the Adventure in Reading (STAIR) - Annapolis Inc (EIN 464769978) - 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

2014

Legal Domicile

Principal Officer

LINDA EGGBEER

Phone

4102678705

Tax Period

2024-07-01 to 2025-06-30

Start the Adventure in Reading (STAIR) - Annapolis Inc, founded in 2014, is a small nonprofit in the Education sector that reported $511K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $89K, a strong 17% operating margin.

Mission

TO INCREASE THE READING LEVEL OF SECOND GRADERS READING BELOW GRADE LEVEL, TO INCREASE STUDENTS SENSE OF SELF-ESTEEM AND SELF-CONFIDENCE, AND TO PROVIDE A CARING ENVIRONMENT WHERE READING IS FUN

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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 $493,290

Program Service Revenue $0

Investment Income $17,701

Other Revenue $0

TOTAL REVENUE $510,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $314,848

Fundraising Expenses $43,509

Program Expenses $354,712

Other Expenses $107,618

TOTAL EXPENSES $422,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,991	$401,022	+0.3%
Expenses	$422,466	$385,528	+0.1%
Net Income	$88,525	$15,494	+4.7%

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

Volunteers

200

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

$109,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JO ANN MATTSON	EXECUTIVE DIRECTOR	040.00	Officer	$109,500	$0	$109,500
LINDA EGGBEER	PRESIDENT	015.00	Officer Director	$0	$0	$0
KEVIN SIMMONS	VICE PRESIDENT	010.00	Officer Director	$0	$0	$0
EILEEN CORTESE	SECRETARY	010.00	Officer Director	$0	$0	$0
MICHAEL VISCARDI JR	TREASURER	010.00	Officer Director	$0	$0	$0
DOUG SMITH	IMMEDIATE PAST CHAIR	010.00	Officer Director	$0	$0	$0
ELIZABETH BUCKMAN	BOARD MEMBER	001.00	Director	$0	$0	$0
BERYLE DOWNS	BOARD MEMBER	001.00	Director	$0	$0	$0
JANET HUANG	BOARD MEMBER	001.00	Director	$0	$0	$0
TERRI HUSSMAN	BOARD MEMBER	001.00	Director	$0	$0	$0
MIHEE KIM-KORT	BOARD MEMBER	001.00	Director	$0	$0	$0
HUTCH ROBBINS	BOARD MEMBER	001.00	Director	$0	$0	$0
ANDRE DILLARD	BOARD MEMBER	001.00	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
2025	$510,991	$422,466	$431,517	$88,525
2024	$401,022	$385,528	$342,992	$15,494
2023	$370,915	$304,606	$327,498	$66,309
2022	$272,763	$199,348	$282,619	$73,415
2021	$218,825	$199,198	$182,776	$19,627
2020	$213,744	$146,056	$163,148	$67,688

Start the Adventure in Reading (STAIR) - Annapolis Inc