READ-ALOUD DELAWARE INC

EIN: 510280486 501(c)(3)

WILMINGTON, DE

Total Revenue
$597,163
Total Expenses
$456,977
Total Assets
$580,099
Net Assets
$523,869
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
DE
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

OUR MISSION IS TO CREATE A LIFE-LONG IMPACT THROUGH EARLY CHILDHOOD LITERACY.OUR VISION IS THAT CHILDREN ACROSS DELAWARE WILL HAVE THE FOUNDATIONAL LITERACY SKILLS TO SUCCEED IN SCHOOL AND LIFE.

🔒

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%)

Sign In — Free (10 views/day)

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

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
7
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
5
$94,156
Total Directors
15
$94,156
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES SPADOLA EXECUTIVE DIRECTOR 40.00
Officer Director
$92,156 $2,000 $94,156
STEPHEN A SPENCE ESQ PRESIDENT (FROM 1/25); TREASURER (TO 1/25) 5.00
Officer Director
$0 $0 $0
JEANNE A BRENNAN PRESIDENT (TO 1/25); TRUSTEE (FROM 1/25) 5.00
Officer Director
$0 $0 $0
FELICIA HARRINGTON TREASURER (FROM 1/25); SECRETARY (TO 1/25) 5.00
Officer Director
$0 $0 $0
BETSY PLOWMAN SECRETARY (FROM 1/25); TRUSTEE (TO 1/25) 5.00
Officer Director
$0 $0 $0
KELLY BASILE TRUSTEE 5.00
Director
$0 $0 $0
KATHRYN BROWN EDD TRUSTEE 5.00
Director
$0 $0 $0
EDWARD DAWLEY PHD TRUSTEE 5.00
Director
$0 $0 $0
CARLOS DIPRES TRUSTEE 5.00
Director
$0 $0 $0
ROSHNI GUERRY MD TRUSTEE 5.00
Director
$0 $0 $0
JONATHAN JAFFE TRUSTEE 5.00
Director
$0 $0 $0
BRANDON JENNINGS MBA TRUSTEE 5.00
Director
$0 $0 $0
CHRISTINA KELLY TRUSTEE (FROM 1/25) 5.00
Director
$0 $0 $0
SHERRY LARSON-REESE TRUSTEE 5.00
Director
$0 $0 $0
TRACY L MCCARTHY MS TRUSTEE 5.00
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 $597,163 $456,977 $580,099 $140,186
2024 $585,065 $521,820 $475,151 $63,245
2023 $484,024 $476,877 $443,204 $7,147
2022 $454,090 $398,475 $319,599 $55,615
2021 $483,252 $363,414 $265,863 $119,838
2020 $439,293 $404,856 $161,242 $34,437
2019 $390,613 $434,002 $118,361 $-43,389
Explore More Nonprofits
Top 100 Nonprofits in Delaware Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare READ-ALOUD DELAWARE INC with other nonprofits in Delaware and across the country.