THE RUSSELL LIBRARY COMPANY

EIN: 066002310 501(c)(3)

MIDDLETOWN, CT

Total Revenue
$185,785
Total Expenses
$153,950
Total Assets
$1,734,987
Net Assets
$1,677,976
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1875
Legal Domicile
CT
Principal Officer
RAMONA BURKEY
Phone
8603472528
Tax Period
2023-07-01 to 2024-06-30

THE RUSSELL LIBRARY COMPANY, founded in 1875, is a small nonprofit that reported $186K in total revenue in fiscal year 2023. The organization ran a surplus of $32K, a strong 17% operating margin.

Mission

TO OPERATE A FREE PUBLIC LIBRARY IN THE CITY OF MIDDLETOWN, CT; TO PROMOTE LITERACY AND EDUCATIONAL ACTIVITIES IN CONNECTION WITH THE LIBRARY FOR THE PERPETUAL BETTERMENT AND ENJOYMENT OF ITS INHABITANTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $101,343
Program Service Revenue $13,336
Investment Income $57,556
Other Revenue $13,550
TOTAL REVENUE $185,785

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99,503
Other Expenses $153,950
TOTAL EXPENSES $153,950

Year-over-Year Comparison

2023 2022 Change
Revenue $185,785 N/A N/A
Expenses $153,950 N/A N/A
Net Income $31,835 $0 N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
A STEPHEN NELSON TRUSTEE 0.50
Director
$0 $0 $0
EAMONN WISNESKI PRESIDENT 0.50
Officer Director
$0 $0 $0
SARAH SCHULENBERG SECRETARY 0.50
Officer Director
$0 $0 $0
ANDREW BECKER TREASURER 0.50
Officer Director
$0 $0 $0
JENNIFER HADLEY TRUSTEE 0.50
Director
$0 $0 $0
THOMAS RUSSELL IV TRUSTEE 0.50
Director
$0 $0 $0
GREG HARRIS TRUSTEE 0.50
Director
$0 $0 $0
KELLIN ATHERTON TRUSTEE 0.50
Director
$0 $0 $0
RAMONA BURKEY DIRECTOR 40.00
Officer Director
$0 $0 $0
SHANAY FULTON VICE-PRESIDENT 0.50
Officer Director
$0 $0 $0
CINDY HARRISON TRUSTEE 0.50
Director
$0 $0 $0
ANN PERCIVAL TRUSTEE 0.50
Director
$0 $0 $0
ANDREW WHITE TRUSTEE 0.50
Director
$0 $0 $0
LAURI DOUGLAS TRUSTEE 0.50
Director
$0 $0 $0
JAMES BELIN TRUSTEE 0.50
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 No data No data No data No data
2024 $185,785 $153,950 $1,734,987 $31,835
2023 $131,455 $212,394 $1,593,889 $-80,939
2022 $245,238 $226,150 $1,600,822 $19,088
2021 $202,070 $189,769 $1,876,967 $12,301
2020 $155,204 $155,227 $1,671,235 $-23
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