NEW YORK METROPOLITAN REFERENCE AN… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

NATHANIEL HILL

Phone

2122282320

Tax Period

2024-07-01 to 2025-06-30

NEW YORK METROPOLITAN REFERENCE AND RESEARCH LIBRARY AGENCY, founded in 1964, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Net assets of $5.9M represent 25 months of operating reserves.

Mission

METRO WORKS TO CREATE A SUSTAINABLE CULTURE OF CREATIVITY, COLLABORATION, AND OPEN EXCHANGE FOR LIBRARIES, ARCHIVES, MUSEUMS, AND CULTURAL INSTITUTIONS IN THE METROPOLITAN NEW YORK REGION AND AROUND THE WORLD.WE ACCOMPLISH OUR MISSION THROUGH LEADERSHIP, GRANTMAKING, RESOURCE SHARING, PROFESSIONAL LEARNING, RESEARCH, TECHNOLOGY SERVICES, CREATIVE PRACTICE, AND MORE.

Program Service Accomplishments

Program 1

Expenses: $2,289,384 Revenue: $615,959

METRO ASSISTS OVER 212 LIBRARIES (PUBLIC, ACADEMIC, HOSPITAL, MEDICAL CENTER, NON-PROFIT ORGANIZATIONS) IN NYC AND WESTCHESTER COUNTY BY: TRAINING LIBRARIANS; DISTRIBUTING GRANT FUNDING FOR...

METRO ASSISTS OVER 212 LIBRARIES (PUBLIC, ACADEMIC, HOSPITAL, MEDICAL CENTER, NON-PROFIT ORGANIZATIONS) IN NYC AND WESTCHESTER COUNTY BY: TRAINING LIBRARIANS; DISTRIBUTING GRANT FUNDING FOR TECHNOLOGY, DIGITIZATION, BUYING BOOKS AND ELECTRONIC DATABASES; PROVIDING COURIER/DELIVERY SERVICE; PROVIDING AN INTERACTIVE WEBSITE FOR COLLABORATION AND INFORMATION; AND SUPPORTING THE MISSIONS OF LIBRARIES AND THEIR PARENT INSTITUTIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,138,216

Program Service Revenue $615,959

Investment Income $83,569

Other Revenue $23,963

TOTAL REVENUE $2,861,707

Expense Breakdown

Grants Paid $320,252

Salaries & Benefits $1,706,404

Fundraising Expenses $26,114

Program Expenses $2,289,384

Other Expenses $849,241

TOTAL EXPENSES $2,875,897

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,861,707	$2,957,212	0.0%
Expenses	$2,875,897	$2,764,334	+0.0%
Net Income	$-14,190	$192,878	-1.1%

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

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

$251,657

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK BURON	PRESIDENT	2.00	Officer Director	$0	$0	$0
TERRY KIRCHNER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEPHEN BURY	TREASURER	2.00	Officer Director	$0	$0	$0
PATRICIA HSWE	SECRETARY	2.00	Officer Director	$0	$0	$0
H AUSTIN BOOTH	TRUSTEE THRU DEC 2024	2.00	Director	$0	$0	$0
KAREN FAIRBANKS	TRUSTEE	2.00	Director	$0	$0	$0
NICHOLAS HIGGINS	TRUSTEE THRU OCT 2025	2.00	Director	$0	$0	$0
MELISSA JACOBS	TRUSTEE	2.00	Director	$0	$0	$0
SHANNON MATTERN	TRUSTEE THRU MAY 2024	2.00	Director	$0	$0	$0
CARYL MATUTE	TRUSTEE	2.00	Director	$0	$0	$0
EDWIN MAXWELL	TRUSTEE	2.00	Director	$0	$0	$0
LEAH MEISTERLIN	TRUSTEE	2.00	Director	$0	$0	$0
JESSE MONTERO	TRUSTEE	2.00	Director	$0	$0	$0
JAMES G NEAL	TRUSTEE THRU APR 2025	2.00	Director	$0	$0	$0
MARIE OSTERGARD	TRUSTEE	2.00	Director	$0	$0	$0
KAMEELAH RASHEED	TRUSTEE	2.00	Director	$0	$0	$0
KRISTINA ROSE	TRUSTEE	2.00	Director	$0	$0	$0
SHAWNTA SMITH-CRUZ	TRUSTEE	2.00	Director	$0	$0	$0
NATHANIEL HILL	EXECUTIVE DIRECTOR	35.00	Officer	$205,937	$45,720	$251,657
DIEGO A PINO NAVARRO	DIRECTOR, DIGITAL STRATEGY	35.00	Highest	$157,712	$14,557	$172,269
SHELLY MOHAMMED	CONTROLLER	35.00	Highest	$135,381	$7,235	$142,616
COLIN RHINESMITH	FOUNDER & DIRECTOR, DERC	35.00	Highest	$120,867	$43,498	$164,365
ANNE KARLE ZENNITH	ASST. DIRECTOR, FINANCE & ADMIN.	35.00	Highest	$111,053	$18,516	$129,569
KYLE BROWN	CHIEF ADMINISTRATIVE OFFICER	35.00	Highest	$104,231	$2,369	$106,600

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	$2,861,707	$2,875,897	$6,147,524	$-14,190
2024	$2,957,212	$2,764,334	$5,814,209	$192,878
2023	$2,694,279	$2,925,646	$5,177,961	$-231,367
2022	$4,301,165	$3,690,956	$5,197,926	$610,209
2021	$3,131,720	$2,312,473	$4,950,433	$819,247
2020	$2,571,189	$2,481,527	$4,901,674	$89,662
2019	$2,825,556	$3,152,851	$4,665,091	$-327,295
2018	$3,183,812	$2,860,039	$5,003,532	$323,773

NEW YORK METROPOLITAN REFERENCE AND RESEARCH LIBRARY AGENCY