READING SCIENCE CENTER

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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

2018

Legal Domicile

Principal Officer

JAMES P CINELLI

Phone

4848782112

Tax Period

2024-01-01 to 2024-12-31

READING SCIENCE CENTER, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $480K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $426K left a modest 11% surplus.

Mission

THE READING SCIENCE CENTER EXISTS TO FOSTER A LOVE OF SCIENCE THROUGH EXCITING AND EXPERIENTIAL STEM EDUCATION FOR THE GREATER READING COMMUNITY, ESPECIALLY OUR YOUTH.

Program Service Accomplishments

Program 1

Expenses: $262,700 Revenue: $87,765

READING SCIENCE CENTER IS A SAFE AND VIBRANT LEARNING ENVIRONMENT FOR FAMILIES AND STUDENTS FROM BERKS COUNTY AND BEYOND. THE CENTER HOUSES OVER 50 HANDS-ON EXHIBITS ENCOURAGING CHILDREN TO DISCOVER THE WONDERS OF SCIENCE AT THEIR OWN PACE. ADDITIONALLY, FIELD TRIPS FOR SCHOOLS ARE HOSTED PROVIDING SCIENCE EXPLORATION THROUGH THEIR INTERACTIVE STATIONS AND EXHIBITS AS WELL AN HOUR LONG SCIENCE INVESTIGATION LED BY EDUCATORS ON TOPICS SUCH AS PH, ELECTRIC CIRCUITS, STATES OF MATTER, TOOLS OF A SCIENTIST, THE SCIENCE OF GLOW, BIOME HABITATS, VISCOSITY, ETC. STUDENTS LEARN THE VOCABULARY OF SCIENCE, AND THE SCIENTIFIC METHOD. THEY EACH PERFORM THEIR OWN INVESTIGATION AND TAKE HOME ELEMENTS OF THE LESSON FOR FURTHER INQUIRY. ALL LESSONS ARE ALIGNED WITH PENNSYLVANIA STATE SCIENCE CURRICULUM STANDARDS.IN ADDITION TO THEIR IN-HOUSE PROGRAMMING, READING SCIENCE CENTER TRAVELS TO READING SCHOOL DISTRICT CLASSROOMS FOR SUMMER PROGRAMMING, AS WELL AS AFTER SCHOOL PROGRAMMING DURING THE ACADEMIC YEAR. THE CENTER PRODUCES THEIR OWN SIGNATURE SISTERS IN STEM AFTER SCHOOL PROGRAM FOR GIRLS IN GRADES FOUR THROUGH SIX DESIGNED TO ENCOURAGE AND EMPOWER THESE FUTURE INNOVATORS TO PURSUE CAREERS IN STEM.THE CENTER ALSO HOSTS THEIR OWN ANNUAL COMMUNITY SCIENCE CELEBRATION CALLED CELEBRATE SCIENCE DAY". THIS EVENT BRINGS TOGETHER SCIENCE ACTIVITIES FROM A VARIETY OF INSTITUTIONS AND INDUSTRY PARTNERS TO SHOW THE APPLICATIONS OF SCIENCE IN SPACE, HEALTH, SAFETY, GEOLOGY, ANIMALS, PLANTS, ELECTRICITY AND MORE. THE EVENT IS OFFERED FREE TO THE PUBLIC.

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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 $374,618

Program Service Revenue $82,273

Investment Income $0

Other Revenue $22,990

TOTAL REVENUE $479,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $267,089

Fundraising Expenses $85,799

Program Expenses $262,700

Other Expenses $159,071

TOTAL EXPENSES $426,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$479,881	$291,453	+0.6%
Expenses	$426,160	$367,860	+0.2%
Net Income	$53,721	$-76,407	-1.7%

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

N/A

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
RICH STUMP	DIRECTOR	0.00	Director	$0	$0	$0
TOM MCMAHON	DIRECTOR	0.00	Director	$0	$0	$0
JIM ARENTZ	DIRECTOR	0.00	Director	$0	$0	$0
BRIAN J BUERKE PHD	DIRECTOR	0.00	Director	$0	$0	$0
JACQUELYNN DANEK	DIRECTOR	0.00	Director	$0	$0	$0
RUSSELL FARBIARZ	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL DEPAUL	DIRECTOR	0.00	Director	$0	$0	$0
JOHN GANTZ	DIRECTOR	0.00	Director	$0	$0	$0
MARCELLO PETACCI	DIRECTOR	0.00	Director	$0	$0	$0
JAMES KARLINSEY	DIRECTOR	0.00	Director	$0	$0	$0
DAVID SOLIVAN	DIRECTOR	0.00	Director	$0	$0	$0
NEHA MAJMUDAR MD	DIRECTOR	0.00	Director	$0	$0	$0
PATRICIA MEJABI	DIRECTOR	0.00	Director	$0	$0	$0
TAMI MYSLIWIEC	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT SMITH	DIRECTOR	0.00	Director	$0	$0	$0
JAMES P CINELLI	PRESIDENT	2.00	Officer	$0	$0	$0
MICHELLE CONWAY	VICE PRESIDENT	1.00	Officer	$0	$0	$0
CHARLES B HAWS	SECRETARY	1.00	Officer	$0	$0	$0
DANIELLE KAUFFMAN	TREASURER	2.00	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
2024	$479,881	$426,160	$258,899	$53,721
2023	$291,453	$367,860	$203,603	$-76,407
2022	$283,212	$320,053	$280,010	$-36,841
2021	$319,174	$218,256	$316,851	$100,918
2020	$229,457	$97,809	$217,002	$131,648