MADISON READING PROJECT INC (EIN 472077478) - 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

ROWAN CHILDS

Phone

6083477970

Tax Period

2024-01-01 to 2024-12-31

MADISON READING PROJECT INC, founded in 2014, is a small nonprofit in the Youth Development sector that reported $958K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 34% operating deficit.

Mission

THE ORGANIZATION ORGANIZES LITERACY PROGRAMS DIRECTED AT VULNERABLE CHILDREN THAT SUPPLEMENTS SCHOOL LEARNING.

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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 $946,887

Program Service Revenue $50,313

Investment Income $8,602

Other Revenue $-47,886

TOTAL REVENUE $957,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $608,619

Fundraising Expenses $219,263

Program Expenses $907,836

Other Expenses $675,419

TOTAL EXPENSES $1,284,038

Year-over-Year Comparison

	2024	2023	Change
Revenue	$957,916	$1,015,106	-0.1%
Expenses	$1,284,038	$1,057,857	+0.2%
Net Income	$-326,122	$-42,751	+6.6%

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

257

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

$193,574

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORINDA RAINEY MOORE	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
KENT LAWSON	BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH BRENDEN	BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
VICTORIA THAYER	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTINA ALVAREZ	BOARD SECRETARY	0.50	Director	$0	$0	$0
JACLYN VITELA JACQMIN	BOARD MEMBER	0.50	Director	$0	$0	$0
RICK PETERSHACK	BOARD MEMBER	0.50	Director	$0	$0	$0
TAMMY ROZEK	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER HATLEN	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID O'CONNOR	BOARD MEMBER	0.50	Director	$0	$0	$0
LA TASHA FIELDS	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNI PETERS	BOARD MEMBER	0.50	Director	$0	$0	$0
ROWAN CHILDS	CO-EXECUTIVE DIRECTOR	40.00	Officer	$100,514	$4,440	$104,954
DEIRDRE STEINMETZ	CO-EXECUTIVE DIRECTOR	40.00	Officer	$84,400	$4,220	$88,620

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	$957,916	$1,284,038	$1,143,460	$-326,122
2023	$1,015,106	$1,057,857	$1,517,262	$-42,751
2022	$1,392,855	$706,936	$1,493,816	$685,919
2021	$746,724	$402,492	$653,764	$344,232
2020	$353,109	$260,569	$298,730	$92,540
2019	$358,122	$235,355	$203,518	$122,767

MADISON READING PROJECT INC