COLUMBUS METROPOLITAN LIBRARY FOUN… - 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

1999

Legal Domicile

Principal Officer

JENNIFER MASSANOVA

Phone

6148491053

Tax Period

2024-01-01 to 2024-12-31

COLUMBUS METROPOLITAN LIBRARY FOUNDATION, founded in 1999, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Net assets of $11.5M represent 44 months of operating reserves.

Mission

BUILDING RESOURCES FOR THE SOLE PURPOSE OF ADVANCING THE VISION OF COLUMBUS METROPOLITAN LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $2,965,816 Revenue: $0

COLUMBUS METROPOLITAN LIBRARY FOUNDATION PROVIDES FINANCIAL SUPPORT FOR COLUMBUS METROPOLITAN LIBRARY'S GREATEST NEEDS AND HIGHEST PRIORITIES THROUGH PHILANTHROPY. EVERY DAY, THE LIBRARY PROVIDES...

COLUMBUS METROPOLITAN LIBRARY FOUNDATION PROVIDES FINANCIAL SUPPORT FOR COLUMBUS METROPOLITAN LIBRARY'S GREATEST NEEDS AND HIGHEST PRIORITIES THROUGH PHILANTHROPY. EVERY DAY, THE LIBRARY PROVIDES VITAL SERVICES TO THE CENTRAL OHIO COMMUNITY LIKE SCHOOL HELP FOR STUDENTS, EARLY LITERACY TRAINING FOR CHILDREN AND RESUME SERVICES FOR JOBSEEKERS. ONE OF THE TOP PRIORITIES HAS AND CONTINUES TO BE INVESTING IN LIBRARY BRANCHES. THE NEED FOR THE LIBRARY HAS NEVER BEEN GREATER AND GIFTS TO THE FOUNDATION ENSURE THAT LIBRARY PROGRAMS AND SERVICES WILL NOT ONLY CONTINUE TO BE AVAILABLE, BUT REACH NEW HEIGHTS WITH DONOR SUPPORT.

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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 $3,380,367

Program Service Revenue $0

Investment Income $25,722

Other Revenue $-311,562

TOTAL REVENUE $3,094,527

Expense Breakdown

Grants Paid $2,749,416

Salaries & Benefits $0

Fundraising Expenses $166,449

Program Expenses $2,965,816

Other Expenses $570,472

TOTAL EXPENSES $3,319,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,094,527	$4,718,887	-0.3%
Expenses	$3,319,888	$7,434,111	-0.6%
Net Income	$-225,361	$-2,715,224	-0.9%

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
ALI HAQUE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA SIEMER	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHY STRAUSS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISSY HAND	BOARD MEMBER	1.00	Director	$0	$0	$0
CORDE WESTWATER ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
COREY FAVOR	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICA PIERCE TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN HILSHEIMER MEIER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARJORIE DUFFY	BOARD MEMBER	1.00	Director	$0	$0	$0
PEYMAN SALEHI	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TANISHA LYON BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM FABER	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER MASSANOVA	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES FRAAS	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
RENEE SHUMATE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL REMIAS	TREASURER	1.00	Officer Director	$0	$0	$0
RYAN SWINCICKI	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM MARTIN	CFO, CMLF	10.00	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
2025	No data	No data	No data	No data
2024	$3,094,527	$3,319,888	$12,646,267	$-225,361
2023	$4,718,887	$7,434,111	$11,473,517	$-2,715,224
2022	$2,523,674	$2,528,146	$14,459,758	$-4,472
2021	$3,074,597	$2,616,223	$16,369,672	$458,374
2020	$5,363,751	$5,319,610	$15,164,791	$44,141
2019	$5,576,744	$2,491,643	$11,817,498	$3,085,101
2018	$1,899,795	$1,811,295	$7,692,570	$88,500

COLUMBUS METROPOLITAN LIBRARY FOUNDATION