BOSTON LIBRARY CONSORTIUM INC

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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 AMASSACHUSETTS NOT-FOR-PROFIT CORPORATION. BLC IS A LIBRARY CONSORTIUM SERVING PUBLIC AND PRIVATEUNIVERSITIES, LIBERAL ARTS COLLEGES, STATE LIBRARIES, SPECIAL RESEARCH LIBRARIES, AND PUBLIC LIBRARIESPRIMARILY IN THE NORTHEASTERN UNITED STATES. AS OF MAY 31, 2024, BLC HAD TWENTY-FIVE MEMBER INSTITUTIONS INMASSACHUSETTS, CONNECTICUT, NEW HAMPSHIRE, RHODE ISLAND, AND VERMONT, AS WELL AS ONE AFFILIATEINSTITUTION IN CALIFORNIA. EACH MEMBER, EXCLUDING THE AFFILIATE INSTITUTION, IS REPRESENTED ON THE BOARD OF DIRECTORS BY THE CHIEF LIBRARIAN OFITS PRINCIPAL LIBRARY. BLC EMPOWERS A COLLATION OF LIBRARIES TO SHARE KNOWLEDGE, INFRASTRUCTURE, ANDRESOURCES AT SCALE.

Program Service Accomplishments

Program 1

Expenses: $251,200 Revenue: $326,055

EFFECTIVE OCTOBER 1, 2023, BLC ENTERED INTO AN AGREEMENT WITH THE PROJECT RESHARE STEERING COMMITTEE TO BE THE FISCAL SPONSOR OF PROJECT RESHARE. PROJECT RESHARE IS A COLLABORATIVE EFFORT AMONG...

EFFECTIVE OCTOBER 1, 2023, BLC ENTERED INTO AN AGREEMENT WITH THE PROJECT RESHARE STEERING COMMITTEE TO BE THE FISCAL SPONSOR OF PROJECT RESHARE. PROJECT RESHARE IS A COLLABORATIVE EFFORT AMONG LIBRARIES, CONSORTIA, INFORMATIVE ORGANIZATIONS AND DEVELOPERS TO BUILD A USER-CENTERED, APP-BASED, COMMUNITY-OWNED RESOURCE SHARING PLATFORM. BLC'S BOARD OF DIRECTORS HAS FULL GOVERNING AUTHORITY OVER PROJECT RESHARE.

Program 2

Expenses: $258,766 Revenue: $276,295

PROFESSIONAL DEVELOPEMENT - BLC OFFERS REGULAR WEBINARS AND WORKSHOPS DESIGNED TO FACILITATE SHARING EXPERTISE, HIGHLIGHTING THE WORK OF LIBRARIANS AND LIBRARY STAFF ACROSS THE BLC MEMBER...

PROFESSIONAL DEVELOPEMENT - BLC OFFERS REGULAR WEBINARS AND WORKSHOPS DESIGNED TO FACILITATE SHARING EXPERTISE, HIGHLIGHTING THE WORK OF LIBRARIANS AND LIBRARY STAFF ACROSS THE BLC MEMBER INSTITUTIONS. BLC COORDINATES THE ACTIVITIES OF MORE THAN 20 MEMBERSHIP COMMUNITIES ACROSS A WIDE RANGE OF LIBRARY PRACTICE AREAS. BLC COMMUNITIES INCLUDE REPRESENTATION FROM ACROSS THE BLC MEMBERSHIP AND RANGE FROM GROUPS FOCUSED PRIMARILY ON NETWORKING AND SHARING EXPERIENCES WITH COLLEAGUES TO THOSE THAT ARE INVOLVED IN A SPECIFIC INITIATIVE OR PROJECT. BLC ALSO MANAGES A SIGNATURE LEADERSHIP DEVELOPMENT PROGRAM, BLC LEADS. BLC LEADS BUILDS SHARED KNOWLEDGE THROUGH COLLABORATIVE INQUIRY AROUND A SERIES OF FOUNDATIONAL LEADERSHIP COMPETENCIES AND QUESTIONS EXPLORED IN WEEKLY VIRTUAL ACTIVITIES AND FOUR IN-PERSON EXPERIENCES OVER THE COURSE OF SIX MONTHS.

Program 3

Expenses: $366,244 Revenue: $398,815

RESOURCE SHARING - BLC WAS FOUNDED UPON A SHARED COMMITMENT TO PROMOTE COOPERATION IN MAKING RESOURCES MORE READILY AVAILABLE. TODAY, THE BLC REMAINS COMMITTED TO FACILITATING HIGH-QUALITY AND...

RESOURCE SHARING - BLC WAS FOUNDED UPON A SHARED COMMITMENT TO PROMOTE COOPERATION IN MAKING RESOURCES MORE READILY AVAILABLE. TODAY, THE BLC REMAINS COMMITTED TO FACILITATING HIGH-QUALITY AND COST-EFFECTIVE SHARING OF PRINT AND DIGITAL CONTENT THROUGH ITS RESOURCE SHARING PROGRAMS, INCLUDING INTERLIBRARY LOAN AND CONTROLLED DIGITAL LENDING. BLC MAINTAINS A GROUP SUBSCRIPTION TO RESOURCE SHARING TECHNOLOGIES ON BEHALF OF THE MEMBER INSTITUTIONS AND MANAGES A CONSORTIAL DELIVERY SERVICE TO FACILITATE PHYSICAL DELIVERY OF PRINT MATERIALS AMONG BLC'S NETWORK OF LIBRARIES. BLC'S HEADS OF RESOURCE SHARING COMMITTEE PROVIDES OVERSIGHT OF RESOURCE SHARING PROGRAMS.

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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