MEMORIAL LIBRARY OF RADNOR TWP

EIN: 231352225 501(c)(3)

WAYNE, PA

Total Revenue
$1,470,143
Total Expenses
$1,692,138
Total Assets
$12,481,288
Net Assets
$12,267,953
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1892
Legal Domicile
PA
Principal Officer
KATE RODRIGUEZ
Phone
6106871124
Tax Period
2023-01-01 to 2023-12-31

MEMORIAL LIBRARY OF RADNOR TWP, founded in 1892, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVIDE PUBLIC LIBRARY SERVICES TO THE RESIDENTS OF RADNOR TOWNSHIP, PA. THE LIBRARY IS A MEMBER OF THE DELAWARE COUNTY LIBRARY SYSTEM AND ACCESS PENNSYLVANIA STATEWIDE.

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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 $1,288,611
Program Service Revenue $15,733
Investment Income $149,151
Other Revenue $16,648
TOTAL REVENUE $1,470,143

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,076,297
Fundraising Expenses $25,787
Program Expenses $1,484,491
Other Expenses $615,841
TOTAL EXPENSES $1,692,138

Year-over-Year Comparison

2023 2022 Change
Revenue $1,470,143 $1,328,423 +0.1%
Expenses $1,692,138 $1,592,178 +0.1%
Net Income $-221,995 $-263,755 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
17
Independent Members
17
Employees
52
Volunteers
42

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
4
$0
Total Directors
14
$85,223
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOYCE PLATFOOT EXECUTIVE DI 40.00
Director
$85,223 $0 $85,223
CAITLIN AKINS BOARD OF TRU 1.00
Director
$0 $0 $0
LIBBY BERI BOARD OF TRU 1.00
Director
$0 $0 $0
SARA BYALA BOARD OF TRU 1.00
Director
$0 $0 $0
MISSY DECK BOARD OF TRU 1.00
Director
$0 $0 $0
JENNIFER HESLER BOARD OF TRU 1.00
Director
$0 $0 $0
PAM LEVIN BOARD OF TRU 1.00
Director
$0 $0 $0
JENNIFER LYNN BOARD OF TRU 1.00
Director
$0 $0 $0
KATHLEEN MARR BOARD OF TRU 1.00
Director
$0 $0 $0
LAWRENCE MOORE BOARD OF TRU 1.00
Director
$0 $0 $0
IMA PAYDAR BOARD OF TRU 1.00
Director
$0 $0 $0
BROOKE RECORD BOARD OF TRU 1.00
Director
$0 $0 $0
MICHELLE WETZEL BOARD OF TRU 1.00
Director
$0 $0 $0
JONATHAN YATES BOARD OF TRU 1.00
Director
$0 $0 $0
PHIL COOK TREASURER 1.00
Officer
$0 $0 $0
ERIN CROKE PRESIDENT 1.00
Officer
$0 $0 $0
BETSY MINNICH SECRETARY 1.00
Officer
$0 $0 $0
KATE RODRIGUEZ VICE PRESIDE 1.00
Officer
$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
2024 No data No data No data No data
2023 $1,470,143 $1,692,138 $12,481,288 $-221,995
2022 $1,328,423 $1,592,178 $12,015,748 $-263,755
2021 $1,581,370 $1,568,186 $13,331,982 $13,184
2020 $1,420,100 $1,422,275 $13,028,453 $-2,175
2019 $2,096,404 $1,521,697 $12,490,207 $574,707
2018 $1,445,571 $1,392,882 $11,379,670 $52,689
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