KENSINGTON, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MARYLAND READS INC, founded in 2022, is a small nonprofit in the Education sector that reported $355K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $451K exceeded revenue, resulting in a 27% operating deficit.
To foster a transformative culture that dramatically improves reading proficiency across Maryland by empowering stakeholders and amplifying their collective voices to drive meaningful change in policy and practice within their communities and our state.
Develop a catalog of Tools and Resources for our network including the Producing the annual State of Reading Report to update and provide current insights into the core areas of reading instruction...
Develop a catalog of Tools and Resources for our network including the Producing the annual State of Reading Report to update and provide current insights into the core areas of reading instruction. Creation of monthly newsletter and monthly on-line happy hour of learning and the annual state wide convening.
Maryland READS Expert Advisory Delegation: Established a panel of experts to inform our work in specific content areas including providing feedback on the draft of the Pre-K to 3 Literacy Policy and...
Maryland READS Expert Advisory Delegation: Established a panel of experts to inform our work in specific content areas including providing feedback on the draft of the Pre-K to 3 Literacy Policy and hosting a summit on the Digital Dilemma
Build the Read Strong Network: Create local thriving reading ecosystems using a county by county approach within Maryland.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $355,083 | $290,000 | +0.2% |
| Expenses | $451,391 | $125,917 | +2.6% |
| Net Income | $-96,308 | $164,083 | -1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Patricia Brennan-Gac | Executive Director | 25.00 |
Director
Key Emp
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$126,300 | $0 | $126,300 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $355,083 | $451,391 | $67,775 | $-96,308 |
| 2023 | $290,000 | $125,917 | $164,083 | $164,083 |
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