BOSTON LIBRARY CONSORTIUM INC (EIN 042605198) - 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

1970

Legal Domicile

Principal Officer

CHARLES BARLOW

Phone

6176690550

Tax Period

2023-06-01 to 2024-05-31

BOSTON LIBRARY CONSORTIUM INC, founded in 1970, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 3% surplus.

Mission

BOSTON LIBRARY CONSORTIUM, INC. (THE ORGANIZATION OR "BLC") WAS INCORPORATED IN 1977 AS A MASSACHUSETTS NOT-FOR-PROFIT CORPORATION. BLC IS A LIBRARY CONSORTIUM SERVING PUBLIC AND PRIVATE UNIVERSITIES, LIBERAL ARTS COLLEGES, STATE LIBRARIES, SPECIAL RESEARCH LIBRARIES, AND PUBLIC LIBRARIES PRIMARILY IN THE NORTHEASTERN UNITED STATES. AS OF MAY 31, 2024, BLC HAD TWENTY-FIVE MEMBER INSTITUTIONS IN MASSACHUSETTS, CONNECTICUT, NEW HAMPSHIRE, RHODE ISLAND, AND VERMONT, AS WELL AS ONE AFFILIATE INSTITUTION IN CALIFORNIA. EACH MEMBER, EXLUDING THE AFFILIATE INSTITUTION, IS REPRESENTED ON THE BOARD OF DIRECTORS BY THE CHIEF LIBRARIAN OF ITS PRINCIPAL LIBRARY. BLC EMPOWERS A COLLATION OF LIBRARIES TO SHARE KNOWLEDGE, INFRASTRUCTURE, AND RESOURCES AT SCALE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,503,725

Program Service Revenue $0

Investment Income $22,141

Other Revenue $5,801

TOTAL REVENUE $1,531,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,442

Fundraising Expenses $0

Program Expenses $1,182,898

Other Expenses $952,753

TOTAL EXPENSES $1,482,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,531,667	$1,260,000	+0.2%
Expenses	$1,482,195	$1,366,987	+0.1%
Net Income	$49,472	$-106,987	-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

450

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

$202,097

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW WHITE	DIRECTOR	2.00	Officer Director	$0	$0	$0
DOROTHY MEANEY	DIRECTOR	2.00	Officer Director	$0	$0	$0
MARY PIORUN	DIRECTOR	2.00	Officer Director	$0	$0	$0
JONATHAN MILLER	DIRECTOR	2.00	Director	$0	$0	$0
TARA LYNN FULTON	RESIGNED DECEMBER 2023	2.00	Director	$0	$0	$0
ALLISON ESTELL	DIRECTOR	2.00	Director	$0	$0	$0
MARK NEWTON	PRESIDENT - ELECT	2.00	Officer Director	$0	$0	$0
BRYN GEFFERT	PRESIDENT	2.00	Director	$0	$0	$0
ELIZABETH DILL	RESIGNED AUGUST 2023	2.00	Director	$0	$0	$0
DAVID LEONARD	DIRECTOR	2.00	Director	$0	$0	$0
JUDY FARRAR	RESIGNED AUGUST 2023	2.00	Director	$0	$0	$0
ANNE LANGLEY	DIRECTOR	2.00	Director	$0	$0	$0
DAN COHEN	DIRECTOR	2.00	Director	$0	$0	$0
HOPE HOUSTON	TREASURER	2.00	Officer Director	$0	$0	$0
LISA RAYMOND	RESIGNED DECEMBER 2023	2.00	Director	$0	$0	$0
TOM WALL	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW SHEEHY	DIRECTOR	2.00	Director	$0	$0	$0
JENIFER BARTLE	GOVERNANCE COMMITTEE CHAIR	2.00	Officer Director	$0	$0	$0
STACY DEBOLE	DIRECTOR	2.00	Director	$0	$0	$0
PETER LARSEN	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE WALKER	DIRECTOR	2.00	Director	$0	$0	$0
NANDITA MANI	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA BLEYER	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW GARDZINA	DIRECTOR	2.00	Director	$0	$0	$0
NANCY GODLESKI	DIRECTOR	2.00	Director	$0	$0	$0
ALICIA HANSEN	DIRECTOR	2.00	Director	$0	$0	$0
MIKE ROY	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY SWEETMAN	DIRECTOR	2.00	Director	$0	$0	$0
JEN WALTON	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES BARLOW	EXECUTIVE DIRECTOR	40.00	Officer	$177,065	$25,032	$202,097

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	No data	No data	No data	No data
2024	$1,531,667	$1,482,195	$1,316,335	$49,472
2023	$1,260,000	$1,366,987	$1,067,679	$-106,987
2022	$815,818	$762,730	$1,028,614	$53,088
2021	$772,450	$658,212	$1,068,356	$114,238
2020	$665,871	$610,409	$944,135	$55,462
2019	$613,991	$723,336	$969,271	$-109,345
2018	$672,981	$823,362	$1,436,991	$-150,381

BOSTON LIBRARY CONSORTIUM INC