GENESIS READING ACADEMY

EIN: 933890222 501(c)(3) Education

EUGENE, OR

Total Revenue
$602,522
Total Expenses
$527,001
Total Assets
$214,640
Net Assets
$84,640
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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
2023
Legal Domicile
OR
Principal Officer
WILLIAM FERRARI
Phone
5418449318
Tax Period
2024-07-01 to 2025-06-30

GENESIS READING ACADEMY, founded in 2023, is a small nonprofit in the Education sector that reported $603K in total revenue in fiscal year 2024. Revenue surged 3444% from the prior year, signaling strong growth momentum. Expenses of $527K left a modest 13% surplus.

Mission

THE GENESIS READING ACADEMY EQUIPS AND EMPOWERS STUDENTS FROM TRADITIONALLY UNDERSERVED COMMUNITIES TO OVERCOME BARRIERS THAT PREVENT MEANINGFUL ACADEMIC ACHIEVEMENT. THROUGH THEIR DYNAMIC INTERACTION WITH OUR INNOVATIVE APPROACH TO READING INSTRUCTION AND LITERACY DEVELOPMENT, GENESIS STUDENTS BEGIN TO COMMAND THE SKILLS AND TOOLS NECESSARY TO CULTIVATE CURIOSITY AND ACCESS CULTURALLY RELEVANT KNOWLEDGE ACROSS ACADEMIC DISCIPLINES. THROUGH OUR INTENTIONAL SCHOOL-FAMILY PARTNERSHIPS, GENESIS STUDENTS LEARN HOW TO INCREASE THEIR EXECUTIVE FUNCTIONING, DEVELOP HEALTHY RELATIONSHIPS, AND BUILD RESILIENCY, ANIMATING THE GENESIS STUDENT'S EXCITEMENT TO GO TO SCHOOL WITH THE WILL TO LEARN.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $602,522
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $602,522

Expense Breakdown

Grants Paid $0
Salaries & Benefits $334,515
Fundraising Expenses $0
Program Expenses $512,048
Other Expenses $192,486
TOTAL EXPENSES $527,001

Year-over-Year Comparison

2024 2023 Change
Revenue $602,522 $17,000 +34.4%
Expenses $527,001 $7,881 +65.9%
Net Income $75,521 $9,119 +7.3%
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

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Governance

Voting Members
8
Independent Members
N/A
Employees
17
Volunteers
35

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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MCKENZIE MELINE PRESIDENT 1.00
Director
$0 $0 $0
STACEY BAKER SECRETARY 1.00
Director
$0 $0 $0
CYNTHIA SARAS BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG WILSON BOARD MEMBER 1.00
Director
$0 $0 $0
AARON PINA BOARD MEMBER 1.00
Director
$0 $0 $0
LAUREN BERRY BOARD MEMBER 1.00
Director
$0 $0 $0
ELLA PARTIDA BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE FERRARI BOARD MEMBER 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
2025 $602,522 $527,001 $214,640 $75,521
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