READING PUBLIC LIBRARY FOUNDATION INC (EIN 043335881) - 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

1996

Legal Domicile

Principal Officer

AMY COUMOUNDUROS

Phone

7819448886

Tax Period

2025-01-01 to 2025-12-31

READING PUBLIC LIBRARY FOUNDATION INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $147K in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. Expenses of $176K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE READING PUBLIC LIBRARY FOUNDATION WAS ESTABLISHED IN 1996 TO ENHANCE LIBRARY SERVICES AND COLLECTIONS IN THE TOWN OF READING, MASSACHUSETTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $27,590

Program Service Revenue $0

Investment Income $119,589

Other Revenue $0

TOTAL REVENUE $147,179

Expense Breakdown

Grants Paid $158,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,500

Other Expenses $17,780

TOTAL EXPENSES $176,280

Year-over-Year Comparison

	2025	2024	Change
Revenue	$147,179	$174,605	-0.2%
Expenses	$176,280	$19,074	+8.2%
Net Income	$-29,101	$155,531	-1.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK	EGAN, PRESIDENT	1.00	Officer	$0	$0	$0
ELISE	CIREGNA	1.00	Officer	$0	$0	$0
AMY	COUMOUNDUROS, TREASURER	1.00	Officer	$0	$0	$0
BRUCE	AUSTIN, SECRETARY	1.00	Officer	$0	$0	$0
LYNNE	CAMERON, DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE	FILIPSKI, DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE	FORD, DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH FINIGAN	DIRECTOR	N/A	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	$147,179	$176,280	$2,689,055	$-29,101
2024	$174,605	$19,074	$2,473,962	$155,531
2023	$350,929	$24,551	$2,249,145	$326,378
2022	$277,120	$106,624	$1,747,492	$170,496
2021	$206,322	$25,223	$2,047,855	$181,099
2020	$280,591	$10,032	$1,786,970	$270,559
2020	$116,351	$10,032	$1,786,970	$106,319
2019	$373,128	$30,664	$1,516,410	$342,464
2018	$-61,339	$31,792	$1,173,946	$-93,131

READING PUBLIC LIBRARY FOUNDATION INC