READING AND MATH INC

EIN: 472306902 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$90,167,661
Total Expenses
$90,589,982
Total Assets
$7,161,155
Net Assets
$3,314,319
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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
MN
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.

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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 $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

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Governance

Voting Members
10
Independent Members
10
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
5
$325,023
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
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
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