Springfield Library Foundation Inc (EIN 201207636) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

Patrick Markey

Phone

4132636828

Tax Period

2024-07-01 to 2025-06-30

Springfield Library Foundation Inc, founded in 2004, is a small nonprofit in the Education sector that reported $669K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $887K exceeded revenue, resulting in a 33% operating deficit.

Mission

To raise, receive, manage and distribute funds for the support, enhancement, maintenance and growth of library services in the city of Springfield, Massachusetts. To sustain, enrich and support the quality of library services, materials and programs in the city.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $275,725

Program Service Revenue $0

Investment Income $393,764

Other Revenue $0

TOTAL REVENUE $669,489

Expense Breakdown

Grants Paid $749,813

Salaries & Benefits $0

Fundraising Expenses $34,758

Program Expenses $793,615

Other Expenses $137,504

TOTAL EXPENSES $887,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$669,489	$1,000,942	-0.3%
Expenses	$887,317	$665,932	+0.3%
Net Income	$-217,828	$335,010	-1.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
John R Dailey	Director	0.50	Director	$0	$0	$0
Mary Ann G Maloney	Director	0.50	Director	$0	$0	$0
Steven Buonoconti	Director	0.50	Director	$0	$0	$0
Domenic Sarno	Director	0.50	Director	$0	$0	$0
Helen Caulton Harris	Director	0.50	Director	$0	$0	$0
Mary Costello	Director	0.50	Director	$0	$0	$0
Cheryl Coakley-Rivera	Director	0.50	Director	$0	$0	$0
James Puhala	Director	0.50	Director	$0	$0	$0
Crystal Senter Brown	Director	0.50	Director	$0	$0	$0
Keshawn Dodds	Director	0.50	Director	$0	$0	$0
Zaida Govan	Director	0.50	Director	$0	$0	$0
Ben Swan Jr	Director	0.50	Director	$0	$0	$0
Patrick Burns	Director	0.50	Director	$0	$0	$0
Cathy Buono	director	0.50	Director	$0	$0	$0
Patrick Markey	President	3.00	Officer Director	$0	$0	$0
Molly Fogarty	Clerk	2.00	Officer Director	$0	$0	$0
Hector Toledo Jr	Treasurer	2.00	Officer Director	$0	$0	$0
Stephen N Cary	Vice President	2.00	Officer Director	$0	$0	$0
David Maynard	Vice President	0.50	Officer 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	$669,489	$887,317	$15,293,617	$-217,828
2024	$1,000,942	$665,932	$14,495,729	$335,010
2023	$856,273	$612,011	$13,375,138	$244,262
2022	$1,245,314	$640,136	$12,492,850	$605,178
2021	$501,590	$643,458	$13,331,961	$-141,868
2020	$613,743	$924,860	$10,812,643	$-311,117
2019	$1,027,560	$1,056,999	$11,063,878	$-29,439
2018	$1,138,615	$970,511	$11,118,794	$168,104

Springfield Library Foundation Inc