READING AND WRITING VENTURES FOUNDATION INC

EIN: 834238543 501(c)(3) Philanthropy & Grantmaking

GREENFIELD, MA

Total Revenue
$431,207
Total Expenses
$257,506
Total Assets
$211,019
Net Assets
$211,019
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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
2019
Legal Domicile
MA
Principal Officer
PATRICK F MAHONEY
Phone
3107096348
Tax Period
2021-01-01 to 2021-12-31

READING AND WRITING VENTURES FOUNDATION INC, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $431K in total revenue in fiscal year 2021. Revenue surged 145% from the prior year, signaling strong growth momentum. The organization ran a surplus of $174K, a strong 40% operating margin.

Mission

TO HELP CHILDREN LEARN TO READ AND LOVE TO READ.

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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 (2021)

Revenue Breakdown

Contributions & Grants $431,206
Program Service Revenue $0
Investment Income $1
Other Revenue $0
TOTAL REVENUE $431,207

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $257,506
Other Expenses $257,506
TOTAL EXPENSES $257,506

Year-over-Year Comparison

2021 2020 Change
Revenue $431,207 $176,255 +1.4%
Expenses $257,506 $145,258 +0.8%
Net Income $173,701 $30,997 +4.6%
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
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK F MAHONEY PRESIDENT N/A
Officer
$0 $0 $0
WHEATON MAHONEY DIRECTOR N/A
Officer
$0 $0 $0
SHEA TATE-DIDONNA DIRECTOR N/A
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 No data No data No data No data
2021 $431,207 $257,506 $211,019 $173,701
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