READING READY PITTSBURGH

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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

Mary Denison

Phone

4127211162

Tax Period

2023-07-01 to 2024-06-30

READING READY PITTSBURGH, founded in 2018, is a small nonprofit in the Youth Development sector that reported $702K in total revenue in fiscal year 2023. Revenue surged 135% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 19% operating margin.

Mission

Supporting healthy development of young children by increasing access to books and by encouraging significant family engagement through reading.

Program Service Accomplishments

Program 1

Expenses: $229,557 Revenue: $0

Provided the Raising a Reader program to 46 Head Start, Pre-K, childcare, Elementary School or Home visitor sites comparing 98 classrooms. Participating families also receive free books during the...

Provided the Raising a Reader program to 46 Head Start, Pre-K, childcare, Elementary School or Home visitor sites comparing 98 classrooms. Participating families also receive free books during the summer "Read With Me!" program. 585 children received 4680 books during the summer.

Program 2

Expenses: $211,032 Revenue: $0

Partnered with Dolly Parton's Imagination Library covering the cost of enrolling 4189 children in the City of Pittsburgh and 2965 Allegheny County outside of the City of Pittsburgh.

Program 3

Expenses: $86,327 Revenue: $0

Conducting literacy-based community outreach activities in targeted low-income communities, including summer community days, reading nooks in laundromats and other community spaces; distribution of over 29,179 gently used children's books through twelve Little Giveaway Libraries; and formation of an Early Literacy Council of parents, caregivers and leaders in the communities served; and Monview Heights Paint Day installing and painting literacy-focused signage and stencils on a playground space.

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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 $602,404

Program Service Revenue $97,866

Investment Income $51

Other Revenue $1,854

TOTAL REVENUE $702,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,434

Fundraising Expenses $4,179

Program Expenses $532,502

Other Expenses $349,250

TOTAL EXPENSES $571,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$702,175	$298,869	+1.3%
Expenses	$571,684	$306,409	+0.9%
Net Income	$130,491	$-7,540	-18.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Denison PhD	Executive Director	40	Director Key Emp	$0	$0	$0
Margaret Whitmer	President and Director	2	Officer Director	$0	$0	$0
Eugene OSullivan	Treasurer and Director	16	Officer Director	$0	$0	$0
Claudia Davidson	Secretary and Director	2	Officer Director	$0	$0	$0
Denise Demski	Director	2	Director	$0	$0	$0
Christopher Mark	Director	2	Officer Director	$0	$0	$0
Caren Ponty	Director	2	Director	$0	$0	$0
Chardae Jones	Director	2	Director	$0	$0	$0
Karen Lynn Williams	Director	2	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	$702,175	$571,684	$378,087	$130,491
2023	$298,869	$306,409	$201,254	$-7,540
2022	$248,925	$148,108	$203,706	$100,817