START THE ADVENTURE IN READING INC

EIN: 721178996 501(c)(3) Education

NEW ORLEANS, LA

Total Revenue
$381,593
Total Expenses
$289,039
Total Assets
$600,780
Net Assets
$600,224
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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
LA
Principal Officer
SAMANTHA FRAILEY HILL
Phone
5048990820
Tax Period
2024-07-01 to 2025-06-30

START THE ADVENTURE IN READING INC, founded in 1991, is a small nonprofit in the Education sector that reported $382K in total revenue in fiscal year 2024. The organization ran a surplus of $93K, a strong 24% operating margin.

Mission

START THE ADVENTURE IN READING (STAIR)'S MISSION IS TO INCREASE THE READING SKILLS AND SELF-ESTEEM OF LOWER ELEMENTARY SCHOOL STUDENTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $376,052
Program Service Revenue $0
Investment Income $5,541
Other Revenue $0
TOTAL REVENUE $381,593

Expense Breakdown

Grants Paid $0
Salaries & Benefits $183,563
Fundraising Expenses $67,381
Program Expenses $137,720
Other Expenses $105,476
TOTAL EXPENSES $289,039

Year-over-Year Comparison

2024 2023 Change
Revenue $381,593 $365,160 +0.0%
Expenses $289,039 $382,897 -0.2%
Net Income $92,554 $-17,737 -6.2%
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

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Governance

Voting Members
12
Independent Members
12
Employees
8
Volunteers
210

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
$72,362
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMANTHA HILL PRESIDENT 1.00
Officer Director
$0 $0 $0
REBECCA BRAVENDER BOARD MEMBER 1.00
Director
$0 $0 $0
SISSY BLEWSTER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
WENDY BURNS TREASURER 1.00
Officer Director
$0 $0 $0
TERESA VILLAFANA SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID NUSLOCH BOARD MEMBER 1.00
Director
$0 $0 $0
KATE BALART BOARD MEMBER 1.00
Director
$0 $0 $0
MONICA L'ESPERANCE BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA MOTLEY BOARD MEMBER 1.00
Director
$0 $0 $0
BART DORNIER BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH ARTIGUES BOARD MEMBER 1.00
Director
$0 $0 $0
MEERA SOSSAMON BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER M MERRILL EXECUTIVE DIRECTOR 40.00
Officer
$72,362 $0 $72,362
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 $381,593 $289,039 $600,780 $92,554
2024 No data No data No data No data
2023 $574,002 $431,971 $495,396 $142,031
2022 $485,531 $425,388 $345,461 $60,143
2021 $448,766 $325,400 $288,022 $123,366
2020 $364,033 $301,508 $208,216 $62,525
2019 $380,740 $353,820 $108,871 $26,920
2018 $390,170 $421,580 $70,676 $-31,410
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