READING PUBLIC LIBRARY FOUNDATION (EIN 232903846) - 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

1997

Legal Domicile

Principal Officer

KENNETH HAUPT

Phone

6106556365

Tax Period

2024-01-01 to 2024-12-31

READING PUBLIC LIBRARY FOUNDATION, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $599K in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 25% operating margin.

Mission

TO SUSTAIN, INCREASE, AND EXTEND THE OPERATIONS OF THE READING PUBLIC LIBRARY

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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 $446,097

Program Service Revenue $0

Investment Income $152,696

Other Revenue $0

TOTAL REVENUE $598,793

Expense Breakdown

Grants Paid $352,582

Salaries & Benefits $0

Fundraising Expenses $350

Program Expenses $446,908

Other Expenses $98,097

TOTAL EXPENSES $450,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$598,793	$289,740	+1.1%
Expenses	$450,679	$392,006	+0.1%
Net Income	$148,114	$-102,266	-2.4%

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
KENNETH HAUPT	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALAN CARMAN	TREASURER	1.00	Officer Director	$0	$0	$0
MELISSA ADAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
CRAIG PERROTTY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
RENEE DIETRICH	BOARD MEMBER	1.00	Director	$0	$0	$0
KELSEY FRANKOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY CAMPBELL	BOARD MEMBER	1.00	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
2024	$598,793	$450,679	$676,745	$148,114
2023	$289,740	$392,006	$664,473	$-102,266
2022	$563,906	$404,600	$726,253	$159,306
2021	$330,251	$433,625	$695,475	$-103,374
2020	$300,665	$380,159	$752,973	$-79,494
2019	$159,412	$347,739	$844,693	$-188,327
2018	$575,237	$287,964	$945,247	$287,273

READING PUBLIC LIBRARY FOUNDATION