THE READING FOUNDATION CRF OF THE

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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

Principal Officer

LEANNE PURCELL

Phone

5092227323

Tax Period

2024-07-01 to 2025-06-30

THE READING FOUNDATION CRF OF THE is a small nonprofit in the Education sector that reported $792K in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE CHILDREN'S READING FOUNDATION OF THE MID-COLUMBIA IS TO ENCOURAGE AND EDUCATE FAMILIES AND CARE GIVERS ABOUT THEIR IMPORTANT ROLE IN RAISING A READER, SUPPORT SCHOOLS IN ASSURING THAT CHILDREN READ ON GRADE LEVEL BY THE END OF THIRD GRADE, AND FACILITATE COMMUNITY INVOLVEMENT IN HELPING YOUNG READERS BE SUCCESSFUL.

Program Service Accomplishments

Program 1

Expenses: $676,594

READY FOR KINDERGARTEN - MANAGE PROGRAM THAT PROVIDES TOOLS AND INFORMATION TO PARENT-PARTICIPANTS, KENNEWICK CHILDCARE PROVIDERS, AND FAMILIES EACH YEAR IN ORDER TO PREPARE CHILDREN FOR KINDERGARTEN WITH AN EMPHASIS ON READING. RESEARCH SHOWS AN INCREASED PERCENTAGE OF KINDERGARTEN STUDENTS ENTERING SCHOOL WITH AGE-APPROPRIATED LANGUAGE AND LITERACY SKILLS FOLLOWING PARTICIPATION IN PARENT EDUCATION INITIATIVES. TEAM READ - WORKS WITH OVER STRUGGLING READERS THROUGH THE USE OF VOLUNTEER TUTORS. MORE THAN 6,600 TUTORING HOURS ARE PROVIDED EACH YEAR.

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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 $76,942

Program Service Revenue $431,700

Investment Income $24,213

Other Revenue $259,308

TOTAL REVENUE $792,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $444,946

Fundraising Expenses $0

Program Expenses $676,594

Other Expenses $372,690

TOTAL EXPENSES $817,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$792,163	$786,141	+0.0%
Expenses	$817,636	$754,686	+0.1%
Net Income	$-25,473	$31,455	-1.8%

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

151

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
RICK HOLMES	PRESIDENT	N/A	Director	$0	$0	$0
JOY HOLMES	VICE PRESIDE	N/A	Director	$0	$0	$0
KATIE CHARRON	SECRETARY	N/A	Director	$0	$0	$0
WALTER TIMMONS	TREASURER	N/A	Director	$0	$0	$0
JENNY JOHNSON	PAST PRESIDE	N/A	Director	$0	$0	$0
SUZANNE HEASTON	ADVISOR	N/A	Director	$0	$0	$0
NANCY KERR	DIRECTOR	N/A	Director	$0	$0	$0
JULIE NELSON	DIRECTOR	N/A	Director	$0	$0	$0
LUPE ROJAS	DIRECTOR	N/A	Director	$0	$0	$0
CATRIONA MILGATE	SECRETARY	N/A	Director	$0	$0	$0
CHRISTINA VIERA	DIRECTOR	N/A	Director	$0	$0	$0
NICOLETTE SPANNER	DIRECTOR	N/A	Director	$0	$0	$0
KATIE HATFIELD	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT VANCE	DIRECTOR	N/A	Director	$0	$0	$0
SUZI WADDILL-GOAD	DIRECTOR	N/A	Director	$0	$0	$0
EDISON VALERIO	DIRECTOR	N/A	Director	$0	$0	$0
SARA SCHWAN	DIRECTOR	N/A	Director	$0	$0	$0
JESSICA BLANKENSHIP	DIRECTOR	N/A	Director	$0	$0	$0
MARK PALAZZO	DIRECTOR	N/A	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	$792,163	$817,636	$631,003	$-25,473
2024	No data	No data	No data	No data
2023	$884,826	$686,576	$594,651	$198,250
2022	$847,268	$855,018	$447,426	$-7,750
2021	$841,516	$776,079	$442,946	$65,437
2020	$617,298	$638,897	$386,367	$-21,599
2019	$608,140	$610,995	$400,324	$-2,855
2018	$765,299	$686,247	$408,713	$79,052