READ-ALOUD DELAWARE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

JAMES SPADOLA

Phone

3026565256

Tax Period

2024-07-01 to 2025-06-30

READ-ALOUD DELAWARE INC, founded in 1983, is a small nonprofit that reported $597K in total revenue in fiscal year 2024. The organization ran a surplus of $140K, a strong 23% operating margin.

Mission

READ ALOUD DELAWARE IS A STATEWIDE NON-PROFIT THAT PROMOTES LITERACY BY WORKING TO ENSURE THAT EACH PRESCHOOL CHILD IN DELAWARE IS REGULARLY READ TO ONE-ON-ONE, AND BY EDUCATING CAREGIVERS ON THE IMPORTANCE OF EARLY TALK.

Program Service Accomplishments

Program 1

Expenses: $335,510 Revenue: $10,750

READ ALOUD DELAWARE, INC. PROMOTES AND CARRIES OUT PROGRAMS AIMED AT ENSURING PRESCHOOL CHILDREN HAVE SOMEONE TO READ TO THEM ON A REGULAR BASIS. READ ALOUD PARTNERS WITH 88 CHILDCARE CENTERS, 2...

READ ALOUD DELAWARE, INC. PROMOTES AND CARRIES OUT PROGRAMS AIMED AT ENSURING PRESCHOOL CHILDREN HAVE SOMEONE TO READ TO THEM ON A REGULAR BASIS. READ ALOUD PARTNERS WITH 88 CHILDCARE CENTERS, 2 CLINICS AND 2 PRISONS. IN THE PAST YEAR, 500 VOLUNTEERS CONDUCTED APPROXIMATELY 70,000 INDIVIDUAL READING SESSIONS FOR DELAWARE'S CHILDREN.

Program 2

Expenses: $38,002

LENA START IS A PROGRAM IMPLEMENTED BY READ ALOUD DELAWARE, INC. THEPROGRAM CONSISTS OF 10 WEEKLY, ONE-HOUR SESSIONS AND USES REGULARFEEDBACK FROM LENA'S CORE "TALK PEDOMETER" TO IMPROVE TALK IN THE HOME.THE WEARABLE PEDOMETER LETS PARENTS KNOW HOW MUCH THEY'RE TALKING ANDHOW MANY BACK-AND-FORTH INTERACTIONS THEY ARE HAVING WITH THEIRCHILDREN. OVER THE 10-WEEK PROGRAM, PARENTS LEARN ABOUT THE IMPORTANCEOF INTERACTIVE TALK ALONG WITH WAYS TO INCORPORATE MORE TALK INTO THEIRDAILY ROUTINES. LENA START HELPS PARENTS IMPROVE COMMUNICATION IN THEHOME, AND IS GIVING THEM THE TOOLS TO CLOSE GAPS IN KEY SKILL SETS THATINCLUDE READING, COMPREHENSION, AND LANGUAGE DEVELOPMENT. THE LENASTART PROGRAM IMPACTED NEARLY 100 FAMILIES DURING FISCAL YEAR 2025.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $570,874

Program Service Revenue $10,750

Investment Income $15,539

Other Revenue $0

TOTAL REVENUE $597,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,736

Fundraising Expenses $28,863

Program Expenses $373,512

Other Expenses $140,241

TOTAL EXPENSES $456,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$597,163	$585,065	+0.0%
Expenses	$456,977	$521,820	-0.1%
Net Income	$140,186	$63,245	+1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

500

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

$94,156

Total Directors