READING EDGE ACADEMY INC (EIN 593455253) - Form 990 Financial Analysis & Trantor Score

🔒

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

1997

Legal Domicile

Principal Officer

BEVERLY GILLESPIE

Phone

3866688911

Tax Period

2024-07-01 to 2025-06-30

READING EDGE ACADEMY INC, founded in 1997, is a community nonprofit in the Unknown sector that reported $5.1M in total revenue in fiscal year 2024.

Mission

THE SCHOOL IS A NOT FOR PROFIT PUBLIC CHARTER ELEMENTARY SCHOOL THAT EMPHASIZES READING EDUCATION.

🔒

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 $4,646,912

Program Service Revenue $275,149

Investment Income $13,881

Other Revenue $160,157

TOTAL REVENUE $5,096,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,224,165

Fundraising Expenses $3,912

Program Expenses $4,195,897

Other Expenses $1,781,194

TOTAL EXPENSES $5,005,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,096,099	$5,308,405	0.0%
Expenses	$5,005,359	$5,044,501	0.0%
Net Income	$90,740	$263,904	-0.7%

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

225

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON DIORIO	TREASURER	N/A	Officer Director	$0	$0	$0
STEPHANIE INGBERG	SECRETARY	N/A	Officer Director	$0	$0	$0
CARINE SANTIAGO	VICE CHAIR	N/A	Officer Director	$0	$0	$0
YVETTE WILLIAMS	CHAIR	N/A	Officer Director	$0	$0	$0
BEVERLY GILLESPIE	EXECUTIVE DI	N/A	Officer	$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	$5,096,099	$5,005,359	$5,584,226	$90,740
2024	$5,308,405	$5,044,501	$5,558,470	$263,904
2023	$4,316,985	$4,868,283	$5,475,124	$-551,298
2022	$4,846,330	$4,787,844	$6,200,470	$58,486
2021	$4,347,791	$4,475,014	$6,194,209	$-127,223
2020	$4,086,904	$4,294,169	$6,432,623	$-207,265
2019	$4,537,015	$4,463,107	$6,844,746	$73,908
2018	$4,660,186	$4,335,367	$6,816,241	$324,819

READING EDGE ACADEMY INC