READING IS FUNDAMENTAL INC (EIN 520976257) - 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

1973

Legal Domicile

Principal Officer

ALICIA LEVI

Phone

2025363400

Tax Period

2024-10-01 to 2025-09-30

READING IS FUNDAMENTAL INC, founded in 1973, is a mid-sized nonprofit in the Education sector that reported $18.7M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 16% operating margin.

Mission

MOTIVATING CHILDREN TO READ BY MAKING READING A FUN AND BENEFICIAL PART OF EVERYDAY LIFE.

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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 $14,236,395

Program Service Revenue $3,226,140

Investment Income $1,187,965

Other Revenue $47,226

TOTAL REVENUE $18,697,726

Expense Breakdown

Grants Paid $4,254,588

Salaries & Benefits $4,695,615

Fundraising Expenses $2,682,341

Program Expenses $10,859,515

Other Expenses $5,817,250

TOTAL EXPENSES $15,678,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,697,726	$12,796,167	+0.5%
Expenses	$15,678,781	$13,536,780	+0.2%
Net Income	$3,018,945	$-740,613	-5.1%

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

30000

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

$715,593

Total Directors

$457,080

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA LEVI	PRESIDENT AND CEO	40.00	Officer Director	$430,208	$26,872	$457,080
JOHN REMONDI	CHAIRMAN	4.50	Officer Director	$0	$0	$0
THOMAS PLATH	VICE CHAIRMAN	1.50	Officer Director	$0	$0	$0
JJ JOHNSON	SECRETARY	1.50	Officer Director	$0	$0	$0
MARC WALBY	TREASURER	1.50	Officer Director	$0	$0	$0
ANGELA Y JONES	DIRECTOR	1.50	Director	$0	$0	$0
MICHELLE MESACK	DIRECTOR	1.50	Director	$0	$0	$0
MICHELLE MURPHY	DIRECTOR	1.50	Director	$0	$0	$0
KEVIN SMITHSON	DIRECTOR	1.50	Director	$0	$0	$0
JOE THORNTON	DIRECTOR	1.50	Director	$0	$0	$0
SIMONE WU	DIRECTOR	1.50	Director	$0	$0	$0
MOLLY VANDERLOO	CFO UNTIL 06/25	40.00	Officer	$235,268	$23,245	$258,513
JODI RUBIN	SVP, MARKETING & PARTNERSHIP	40.00	Highest	$214,528	$50,023	$264,551
RACHEL MADEWELL	SVP, DEVELOPMENT	40.00	Highest	$169,380	$3,846	$173,226
LAURA RAHMAN	VP, ANNUAL GIVING	40.00	Highest	$147,950	$31,119	$179,069
WILLIAM GAUSMAN	SR. MANAGER, ENGINEERING	40.00	Highest	$137,712	$12,214	$149,926
CHRISTOPHER BOYKIN	SR. ASSOCIATE, ENGINEERING	40.00	Highest	$148,655	$11,146	$159,801

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	$18,697,726	$15,678,781	$28,242,855	$3,018,945
2024	$12,796,167	$13,536,780	$24,400,317	$-740,613
2023	$11,218,497	$11,451,500	$23,642,815	$-233,003
2022	$16,088,590	$9,207,334	$22,372,600	$6,881,256
2021	$9,974,937	$7,583,670	$18,008,233	$2,391,267
2020	$6,662,859	$8,682,559	$15,864,759	$-2,019,700
2019	$11,675,652	$8,911,585	$16,836,002	$2,764,067
2018	$11,152,480	$7,753,028	$13,390,600	$3,399,452

READING IS FUNDAMENTAL INC