READING ALLOWED (EIN 841834946) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

ANGELA MARKS

Phone

6106086617

Tax Period

2023-01-01 to 2023-12-31

READING ALLOWED, founded in 2019, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023.

Mission

PROVIDE SPECIALIZED, STRUCTURED LITERACY TUTORING TO CHILDREN AND ADULTS IN THE PHILADELPHIA AREA WHO STRUGGLE TO READ, WRITE AND SPELL AND WHO DO NOT HAVE THE MEANS TO ACCESS HIGH QUALITY TUTORING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $639,209

Program Service Revenue $715,823

Investment Income $402

Other Revenue $0

TOTAL REVENUE $1,355,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $376,418

Fundraising Expenses $38,998

Program Expenses $1,322,317

Other Expenses $1,085,754

TOTAL EXPENSES $1,462,172

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,355,434	$1,406,342	0.0%
Expenses	$1,462,172	$1,025,264	+0.4%
Net Income	$-106,738	$381,078	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$54,999

Total Directors

$54,999

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA MARKS MED	EXECUTIVE DIRECTOR	40.00	Officer Director	$54,999	$0	$54,999
VALERIE BRAND PIPANO	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN SANTANGELO	TREASURER	1.00	Officer Director	$0	$0	$0
MEGHAN FOTOPOULOS	DIRECTOR	1.00	Director	$0	$0	$0
CATHRYN KAUFMAN	DIRECTOR	10.00	Director	$0	$0	$0
ZELL KRAVINSKY	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE WILTSHIRE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GARY	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH JERMANN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE GAMBONE	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$1,355,434	$1,462,172	$586,210	$-106,738
2022	$1,406,342	$1,025,264	$676,423	$381,078
2021	$730,708	$522,720	$280,845	$207,988
2020	$288,714	$237,390	$69,013	$51,324

READING ALLOWED