Raising A Reader (EIN 943390149) - 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

1999

Legal Domicile

Phone

6504890550

Tax Period

2024-01-01 to 2024-12-31

Raising A Reader, founded in 1999, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

Raising a Reader supports families and inspires the development of literacy skills and a lifelong love for reading. We help children attain brighter futures in which they can thrive and contribute in school, the workforce and society.

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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 $1,905,167

Program Service Revenue $2,963,001

Investment Income $43,732

Other Revenue $0

TOTAL REVENUE $4,911,900

Expense Breakdown

Grants Paid $279,251

Salaries & Benefits $3,069,972

Fundraising Expenses $307,345

Program Expenses $4,246,554

Other Expenses $2,005,120

TOTAL EXPENSES $5,354,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,911,900	$5,700,015	-0.1%
Expenses	$5,354,343	$4,782,378	+0.1%
Net Income	$-442,443	$917,637	-1.5%

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

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

$355,717

Total Directors

$355,717

Key Employees

$189,376

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL EMIG	CHAIR	0.5	Officer Director	$0	$0	$0
ERICA K WOOD	TREASURER	0.5	Officer Director	$0	$0	$0
MICHELLE TORGERSON	DIRECTOR/PRESIDENT & CEO	40.0	Officer Director	$322,442	$33,275	$355,717
STERLING SPEIRN	SECRETARY	0.5	Officer Director	$0	$0	$0
GIHANI FERNANDO	DIRECTOR	0.5	Director	$0	$0	$0
JENNIFER BLATZ	DIRECTOR	0.5	Director	$0	$0	$0
KAREN CALLOO	DIRECTOR	0.5	Director	$0	$0	$0
KIRK LAW	DIRECTOR	0.5	Director	$0	$0	$0
KRIS PERRY	DIRECTOR	0.5	Director	$0	$0	$0
MEREDITH CROOKS	DIRECTOR	0.5	Director	$0	$0	$0
PORTIA KENNEL	DIRECTOR	0.5	Director	$0	$0	$0
JENNIFER FORD	VP, FINANCE & OPERATIONS	40.0	Key Emp	$177,807	$11,569	$189,376
JONATHAN THORNTON	VP, STRATEGIC GROWTH & REVENUE	40.0	Highest	$167,212	$39,410	$206,622
MICHELLE HYMAN	SVP, PROGRAMS & PARTNERSHIPS	40.0	Highest	$150,892	$53,276	$204,168
PATRICIA COGLEY	DEPUTY DIRECTOR, STRATEGIC INNOVATION & IMPACT (UNTIL DECEMBER 2024)	40.0	Highest	$100,115	$22,946	$123,061
REBECCA CHRYSTAL	MANAGING DIRECTOR, PROGRAMS & PARTNERSHIPS	40.0	Highest	$154,044	$45,204	$199,248
SHELECE DRAPER	DIRECTOR, BUSINESS OPERATIONS (UNTIL DECEMBER 2024)	40.0	Highest	$140,306	$25,411	$165,717

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
2024	$4,911,900	$5,354,343	$3,927,013	$-442,443
2023	$5,700,015	$4,782,378	$4,424,012	$917,637
2022	$4,999,126	$4,680,618	$3,326,192	$318,508
2021	$3,625,081	$3,882,062	$3,407,480	$-256,981
2020	$3,159,603	$3,186,643	$3,787,698	$-27,040
2019	$3,889,593	$3,392,917	$3,335,583	$496,676
2018	$3,386,464	$3,340,848	$2,954,426	$45,616

Raising A Reader