THE CHILDRENS READING CENTER INC (EIN 593600088) - 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

2003

Legal Domicile

Principal Officer

GERALDINE M MELOSH

Phone

3863289990

Tax Period

2023-07-01 to 2024-06-30

THE CHILDRENS READING CENTER INC, founded in 2003, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

EDUCATION FOR GRADES K TO 6. PROMOTE HIGH LEVELS OF SCHOLASTIC ACHIEVEMENT FOR ALL STUDENTS IN A CARING, RESPECTFUL, AND DISCIPLINED ENVIRONMENT.

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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 $2,525,144

Program Service Revenue $0

Investment Income $382

Other Revenue $31,963

TOTAL REVENUE $2,557,489

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $2,126,243

Fundraising Expenses $1,290

Program Expenses $1,668,019

Other Expenses $468,379

TOTAL EXPENSES $2,614,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,557,489	$3,058,034	-0.2%
Expenses	$2,614,622	$2,438,005	+0.1%
Net Income	$-57,133	$620,029	-1.1%

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

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

$19,491

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVANS DETRA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MELOSH DR GERI	CEO	10.00	Officer	$19,491	$0	$19,491
EDWARDS MICHAEL JUSTIN	PRESIDENT	2.00	Officer	$0	$0	$0
GRIFFITH JAMES	DIRECTOR	2.00	Officer	$0	$0	$0
REYNOLDS MATT	TREASURER	2.00	Officer	$0	$0	$0
WRIGHT JARVIS	DIRECTOR	2.00	Director	$0	$0	$0
DALLAS TERRIE	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$2,557,489	$2,614,622	$4,783,078	$-57,133
2023	$3,058,034	$2,438,005	$4,837,943	$620,029
2022	No data	No data	$3,783,274	No data
2022	$2,712,062	$2,301,640	$4,218,628	$410,422
2021	$2,355,676	$2,527,560	$3,783,274	$-171,884
2020	$2,064,622	$2,042,796	$3,436,696	$21,826
2019	$2,169,184	$2,049,682	$3,564,669	$119,502

THE CHILDRENS READING CENTER INC