READING AND MATH INC

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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

SADIANN O'CONNOR

Phone

6122063030

Tax Period

2024-08-01 to 2025-07-31

READING AND MATH INC, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $90.2M in total revenue in fiscal year 2024.

Mission

TO TRANSFORM LIVES WHILE WORKING TO ENGAGE PEOPLE IN NATIONAL SERVICE, WE FOCUS ON REPLICATING AND EXPANDING EVIDENCE-BASED PROGRAMS TO ADDRESS CRITICAL GAPS IN EDUCATIONAL ACHIEVEMENT, ECONOMIC OPPORTUNITY AND OTHER EMERGENT SOCIAL ISSUES.

Program Service Accomplishments

Program 1

Expenses: $65,978,082 Revenue: $1,839,744

EDUCATION PROGRAMS - READING CORPS, MATH CORPS AND EARLY LEARNING CORPS ARE HIGH-DOSAGE TUTORING PROGRAMS DESIGNED TO HELP STUDENTS DEVELOP READING AND MATH PROFICIENCY. THESE NATIONAL PROGRAMS TRAIN AMERICORPS MEMBERS TO DELIVER EVIDENCE-BASED LITERACY AND MATH INTERVENTIONS TO STUDENTS IN PRE-KINDERGARTEN - 8TH GRADE. RIGOROUS THIRD-PARTY RESEARCH FOUND STRONG EVIDENCE THAT STUDENTS WHO RECEIVE TUTORING FROM READING CORPS, MATH CORPS AND EARLY LEARNING CORPS MAKE GREATER GAINS AND FASTER PROGRESS THAN THEIR PEERS WHO DO NOT RECEIVE TUTORING. DELIVERING HIGH-IMPACT TUTORING WITH THIS COST-EFFECTIVE AND SCALABLE MODEL, THESE PROVEN PROGRAMS SERVED 63,814 STUDENTS DURING THE 2024-25 PROGRAM YEAR.

Program 2

Expenses: $17,941,093 Revenue: $129,500

HEALTHY FUTURES PROGRAMS FOCUS ON STRENGTHENING COMMUNITIES AND IMPROVING FUTURE OUTCOMES. FOCUSED ON SUPPORTING EFFORTS TO ADDRESS SUBSTANCE USE DISORDER OR HOUSING INSECURITY, AMERICORPS MEMBERS...

HEALTHY FUTURES PROGRAMS FOCUS ON STRENGTHENING COMMUNITIES AND IMPROVING FUTURE OUTCOMES. FOCUSED ON SUPPORTING EFFORTS TO ADDRESS SUBSTANCE USE DISORDER OR HOUSING INSECURITY, AMERICORPS MEMBERS SERVING WITH HEALTHY FUTURES PROGRAMS MAKE AN INCREDIBLE IMPACT. DURING THE 2024-25 PROGRAM YEAR, OFFERINGS INCLUDED RECOVERY CORPS & HEADING HOME CORPS. TOGETHER, MEMBERS SUPPORTED 6,500 INDIVIDUALS AND PROVIDED CRITICAL CAPACITY BUILDING SERVICES FOR 180 ORGANIZATIONS LOCATED IN MINNESOTA, ILLINOIS, AND VIRGINIA.

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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 $87,691,488

Program Service Revenue $2,423,410

Investment Income $52,763

Other Revenue $0

TOTAL REVENUE $90,167,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,247,661

Fundraising Expenses $139,648

Program Expenses $84,385,700

Other Expenses $64,342,321

TOTAL EXPENSES $90,589,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,167,661	$94,657,595	0.0%
Expenses	$90,589,982	$94,536,868	0.0%
Net Income	$-422,321	$120,727	-4.5%

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

5044

Volunteers

265

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

$325,023

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SADIANN O'CONNOR	MANAGING DIRECTOR/PRESIDENT	40.00	Officer	$156,364	$18,751	$175,115
SHERENE JUDEH	CHIEF PROGRAM OFFICER	40.00	Highest	$129,839	$32,831	$162,670
ANNE SINCLAIR	CHIEF LEARNING OFFICER	40.00	Highest	$117,895	$40,726	$158,621
VALERIE MCCULLOUGH	CHIEF OPERATING OFFICER/CHIEF FINANCIAL OFFICER	40.00	Officer	$130,448	$19,460	$149,908
CHRISTINE FANKHANEL	SEN DIR OF MN PROGRAMS	40.00	Highest	$113,483	$25,347	$138,830
ITZEL GALINDO	EXEC DIR OF WI PROGRAMS	40.00	Highest	$108,297	$25,695	$133,992
AUDREY MILLER	SEN VP OF REGIONAL LEADERSHIP	40.00	Highest	$116,406	$7,134	$123,540
KIM PLAHN	CHAIR (BEG 10/24)	2.00	Officer Director	$0	$0	$0
ROBERT RUMPZA	CHAIR (END 10/24)/DIRECTOR	1.00	Officer Director	$0	$0	$0
LINDA GILLIGAN	TREASURER	1.00	Officer Director	$0	$0	$0
MARY BETH BRODY	DIRECTOR	1.00	Director	$0	$0	$0
KATE KELLY	DIRECTOR	1.00	Director	$0	$0	$0
MARY KURTH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MCKOSKEY	DIRECTOR	1.00	Director	$0	$0	$0
CHESTER SPELLMAN	DIRECTOR	1.00	Director	$0	$0	$0
MONTE AMUNDSON	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLE DUNN	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER GIBBS	DIRECTOR (END 1/25)	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
2025	$90,167,661	$90,589,982	$7,161,155	$-422,321
2024	$94,657,595	$94,536,868	$9,110,910	$120,727
2023	$65,962,045	$65,458,575	$8,024,234	$503,470
2022	$50,180,193	$49,209,170	$4,709,118	$971,023
2021	$39,670,906	$38,885,721	$3,810,758	$785,185
2020	$29,580,023	$29,652,346	$2,678,491	$-72,323
2019	$29,726,730	$28,994,753	$3,191,030	$731,977
2018	$30,244,505	$30,049,379	$2,372,332	$195,126