READING CONNECTIONS INC (EIN 561726754) - 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

1991

Legal Domicile

Principal Officer

ANNE TUBAUGH

Phone

3362302223

Tax Period

2023-07-01 to 2024-06-30

READING CONNECTIONS INC, founded in 1991, is a small nonprofit that reported $967K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

READING CONNECTIONS TRANSFORMS OUR COMMUNITY BY IMPROVING LITERACY AND PROMOTING EDUCATIONAL EQUITY FOR PEOPLE OF ALL AGES, EMPOWERING THEM TO NAVIGATE CHANGES IN AN INCREASINGLY COMPLEX WORLD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $965,848

Program Service Revenue $0

Investment Income $1,970

Other Revenue $-1,037

TOTAL REVENUE $966,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $883,297

Fundraising Expenses $33,079

Program Expenses $1,044,760

Other Expenses $299,236

TOTAL EXPENSES $1,182,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$966,781	$858,970	+0.1%
Expenses	$1,182,533	$872,509	+0.4%
Net Income	$-215,752	$-13,539	+14.9%

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

203

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

$44,575

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDELL CALHOUN	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
BETH SHEFFIELD	PRESIDENT AND CHAIR	2.00	Officer Director	$0	$0	$0
TRIPP MILLER	SECRETARY	2.00	Officer Director	$0	$0	$0
JIM KENNEDY	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER FORD	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
LISA GARRETT	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH GRANT	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH ALVERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
JONETTA SHEELEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA TEARRY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE TUBAUGH	EXECUTIVE DIRECTOR	37.50	Officer	$44,575	$0	$44,575

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	No data	No data	No data	No data
2024	$966,781	$1,182,533	$736,533	$-215,752
2023	$858,970	$872,509	$709,958	$-13,539
2022	$876,169	$806,333	$686,561	$69,836
2021	$760,969	$839,136	$775,714	$-78,167
2020	$809,974	$835,805	$820,416	$-25,831
2019	$848,006	$788,725	$706,970	$59,281

READING CONNECTIONS INC