The Reading Group

Nonprofit profile at a glance

EIN
371232871
IRS 990-EZ coverage
2010–2022
Forms available
Form 990 2020, Form 990-EZ 2022
Location
Urbana, IL, USA
Phone
2173519144
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Remedial Reading, Reading Encouragement

Official website

Reported finances

Revenue
$167,146
Expenses
$190,775
Assets
$11,074
Liabilities
$36

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • TINA JOHNSON (PRESIDENT)
  • JEDD SWISHER (VICE PRESIDENT)
  • JAMES H JONES (EXECUTIVE DIRECTOR)

People named in this filing

  • TOPPER STEINMAN (MEMBER)
  • TINA JOHNSON (PRESIDENT)
  • JEDD SWISHER (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The reading group provides services for children and youth with unique learning needs and provides support and education for families and school personnel. Promotes awareness of the specific needs of children and youth who may need non-traditional approaches.

What it reported doing in 2022

Testing, instruction and related workshops for children and adults.

Operating model

Revenue model
Earned-program. 75% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 82
  • Sustainability: 16
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.3%; rating input score 82
  • Program expense ratio: 72.1%; rating input score 72

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -14.1%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 14.2%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 1.1% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: -1% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: -11.5% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 82.3% of revenue deployed · 72.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $138K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.