THE CHILDREN'S READING FOUNDATION (EIN 911731315) - 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

1996

Legal Domicile

Principal Officer

KRISTIN NORELL

Phone

5097359405

Tax Period

2023-07-01 to 2024-06-30

THE CHILDREN'S READING FOUNDATION, founded in 1996, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

EARLY CHILDHOOD LITERACY

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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 $1,959

Program Service Revenue $0

Investment Income $49,071

Other Revenue $959,359

TOTAL REVENUE $1,010,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,238

Fundraising Expenses $0

Program Expenses $1,131,536

Other Expenses $973,133

TOTAL EXPENSES $1,255,371

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,010,389	$1,245,542	-0.2%
Expenses	$1,255,371	$1,176,612	+0.1%
Net Income	$-244,982	$68,930	-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

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

$154,451

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN NORELL	EXECUTIVE DI	40.00	Officer	$154,451	$0	$154,451
NANCY KERR	PRESIDENT	3.00	Officer Director	$0	$0	$0
BAILEY WEISS	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
CHERYL DELL	TREASURER	3.00	Officer Director	$0	$0	$0
JANICE FOX	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
SALLY KIM	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
RUFUS FRIDAY	BOARD MEMBER	1.00	Officer 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	$1,010,389	$1,255,371	$2,358,070	$-244,982
2023	$1,245,542	$1,176,612	$2,586,325	$68,930
2022	$1,421,943	$1,241,305	$2,541,979	$180,638
2021	$1,709,523	$987,226	$2,355,809	$722,297
2020	$500,832	$555,483	$1,716,766	$-54,651
2019	$1,001,796	$704,705	$1,753,524	$297,091
2018	$701,703	$990,603	$1,470,339	$-288,900

THE CHILDREN'S READING FOUNDATION