SMART READING (EIN 931051724) - 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

1991

Legal Domicile

Principal Officer

JESSICA BOWERSOX

Phone

9716341634

Tax Period

2024-07-01 to 2025-06-30

SMART READING, founded in 1991, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $4.6M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO SPARK JOY AND OPPORTUNITY THROUGH THE MAGIC OF A SHARED BOOK.

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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 $3,570,125

Program Service Revenue $0

Investment Income $0

Other Revenue $-19,389

TOTAL REVENUE $3,550,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,188,244

Fundraising Expenses $775,277

Program Expenses $3,274,955

Other Expenses $1,388,547

TOTAL EXPENSES $4,576,791

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,550,736	$4,247,120	-0.2%
Expenses	$4,576,791	$4,172,760	+0.1%
Net Income	$-1,026,055	$74,360	-14.8%

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

3449

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

$266,661

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH DANIELS	CHAIR	2.00	Officer Director	$0	$0	$0
MARITO DOMINGO	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
PHIL LONG	TREASURER	2.00	Officer Director	$0	$0	$0
KRISTA TAPPAN	SECRETARY	2.00	Officer Director	$0	$0	$0
DOUG POST	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
JASON HALSTEAD	MEMBER AT LARGE	2.00	Officer Director	$0	$0	$0
KATHERINE BACKUS	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS BAKER	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE CARSON	DIRECTOR	2.00	Director	$0	$0	$0
RON EISEMAN	DIRECTOR	2.00	Director	$0	$0	$0
WINSTON HALL	DIRECTOR	2.00	Director	$0	$0	$0
MOLLY ISHKANIAN	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN JUMAGO-SIMPSON	MEMBER AT LARGE	2.00	Officer Director	$0	$0	$0
ERIC LUKINGBEAL	DIRECTOR	2.00	Director	$0	$0	$0
JELANI MEMORY	DIRECTOR	2.00	Director	$0	$0	$0
KIRBY NEUMANN-RAE	DIRECTOR	2.00	Director	$0	$0	$0
SONYA TOMAS	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA BOWERSOX	EXECUTIVE DIRECTOR	40.00	Officer	$166,560	$10,282	$176,842
MARY ALAYNA HERR	DEVELOPMENT DIRECTOR	40.00	Officer	$81,841	$7,978	$89,819
SHARON BOSSERMAN-BENSON	SENIOR DEVELOPMENT OFFICER	40.00	Highest	$104,980	$12,520	$117,500

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	$3,550,736	$4,576,791	$5,960,854	$-1,026,055
2024	$4,247,120	$4,172,760	$6,853,609	$74,360
2023	$4,381,093	$4,729,799	$6,497,947	$-348,706
2022	$3,676,711	$3,749,438	$6,625,376	$-72,727
2021	$4,022,192	$3,730,013	$7,525,317	$292,179
2020	$3,281,592	$3,610,156	$5,970,181	$-328,564

SMART READING