READING PARTNERS (EIN 770568469) - 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

2001

Legal Domicile

Principal Officer

ADEOLA WHITNEY

Phone

5104449800

Tax Period

2024-07-01 to 2025-06-30

READING PARTNERS, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $30.9M in total revenue in fiscal year 2024. Expenses of $41.5M exceeded revenue, resulting in a 34% operating deficit.

Mission

HELPING CHILDREN BECOME LIFELONG READERS THROUGH COMMUNITY-POWERED, INDIVIDUALIZED INSTRUCTION.

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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 $26,969,695

Program Service Revenue $3,867,253

Investment Income $461,261

Other Revenue $-422,789

TOTAL REVENUE $30,875,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,690,886

Fundraising Expenses $3,063,158

Program Expenses $34,498,708

Other Expenses $6,701,918

TOTAL EXPENSES $41,475,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,875,420	$31,876,364	0.0%
Expenses	$41,475,804	$41,910,311	0.0%
Net Income	$-10,600,384	$-10,033,947	+0.1%

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

905

Volunteers

7680

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

$2,257,277

Total Directors

Key Employees

$2,251,665

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IAN O CAMERON	CHAIR	4.00	Officer Director	$0	$0	$0
BRAD CRESWELL	VICE CHAIR & TREASURER	4.00	Officer Director	$0	$0	$0
TRACY HOOVER	SECRETARY	4.00	Officer Director	$0	$0	$0
HILAH SCHUTT	MEMBER	4.00	Director	$0	$0	$0
RICHARD STAR	MEMBER	4.00	Director	$0	$0	$0
DAN CARROLL	MEMBER	4.00	Director	$0	$0	$0
PATTI STEPHEN	MEMBER	4.00	Director	$0	$0	$0
TIFFANY TAYLOR	MEMBER	4.00	Director	$0	$0	$0
RACHEL HUTTON MCKENZIE	MEMBER	4.00	Director	$0	$0	$0
DANIELLE TOUSSAINT	MEMBER	4.00	Director	$0	$0	$0
HARRIS LARNEY	MEMBER	4.00	Director	$0	$0	$0
SALLY ANN ZOLL	MEMBER	4.00	Director	$0	$0	$0
BARBARA LOGAN SMITH	MEMBER	4.00	Director	$0	$0	$0
ADEOLA WHITNEY	CEO	40.00	Officer	$541,324	$23,745	$565,069
ROSA J GUTIERREZ	CFOO	40.00	Officer	$349,067	$31,094	$380,161
KELLI DOSS	CHIEF TALENT AND EQUITY OFFICER	40.00	Officer	$273,623	$17,445	$291,068
PHILLIP ROBINSON JR	CHIEF REGIONAL OFF. (ENDED 2/14/25)	40.00	Officer	$264,180	$7,018	$271,198
PAUL NEHRING	CHIEF OF STAFF	40.00	Officer	$226,550	$37,152	$263,702
DEAN ELSON	CHIEF KNOWLEDGE OFFICER	40.00	Officer	$220,891	$37,129	$258,020
DENISE BLAKE	CHIEF REGIONAL OFFICER	40.00	Officer	$210,722	$17,337	$228,059
JEFFREY MANAS	IT DIRECTOR	40.00	Key Emp	$196,651	$13,942	$210,593
JOYCE MACEK	MANAGING DIR. OF PARTNERSHIPS/GROWTH	40.00	Key Emp	$161,761	$35,950	$197,711
JENNIFER JOYCE	VICE PRESIDENT, NATIONAL PROGRAMS	40.00	Key Emp	$159,042	$35,976	$195,018
PRIMO LASANA	EXECUTIVE DIRECTOR	40.00	Key Emp	$161,001	$33,124	$194,125
CHLOE A OLIVERAS	EXECUTIVE DIRECTOR	40.00	Key Emp	$153,185	$35,490	$188,675
ZENOBIA JUDD-WILLIAMS	EXECUTIVE DIRECTOR	40.00	Key Emp	$162,837	$24,798	$187,635
HECTOR SALAZAR	EXECUTIVE DIRECTOR	40.00	Key Emp	$178,917	$6,401	$185,318
FELICIA WEBB	EXECUTIVE DIRECTOR (ENDED 9/13/24)	40.00	Key Emp	$171,031	$12,401	$183,432
CHARLEY RYDER	VICE PRESIDENT, REGIONAL OPEATIONS	40.00	Key Emp	$155,068	$25,908	$180,976
BARRY BRINKLEY	MANAGING DIR. OF DC	40.00	Key Emp	$164,697	$13,224	$177,921
ALAN MIYAKAWA	MANAGING DIR., DATA STRATEGY & EVALUATION	40.00	Key Emp	$154,142	$21,341	$175,483
CHRISTOPHER JAY CAMPBELL	MANAGING DIR. OF FIN. PLANNING & ANALYSIS	40.00	Key Emp	$161,930	$12,848	$174,778
MANDEEP KAUR	CONTROLLER	40.00	Highest	$202,459	$23,123	$225,582
KIMBERLY RENEE BENAVIDES	VICE PRESIDENT OF REGIONS	40.00	Highest	$148,799	$35,412	$184,211
OLIVIA CELESTE MARTIN	EXECUTIVE DIRECTOR	40.00	Highest	$145,630	$22,917	$168,547
DYRELL DAVON CLARK	EXECUTIVE DIRECTOR	40.00	Highest	$149,943	$15,294	$165,237
MELISSA MONFORTI	EXECUTIVE DIRECTOR	40.00	Highest	$148,041	$15,636	$163,677
MERIDITH BURKUS	FORMER CHIEF GROWTH OFFICER	40.00		$137,339	$9,273	$146,612

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	$30,875,420	$41,475,804	$25,541,143	$-10,600,384
2024	$31,876,364	$41,910,311	$34,380,784	$-10,033,947
2023	$36,214,983	$35,642,772	$41,790,690	$572,211
2022	$49,953,069	$27,536,854	$38,809,028	$22,416,215
2021	$30,704,369	$26,619,096	$17,904,907	$4,085,273
2020	$25,171,962	$28,799,817	$15,075,534	$-3,627,855
2019	$30,265,658	$27,200,803	$15,738,566	$3,064,855

READING PARTNERS