PROVIDENCE PUBLIC LIBRARY FOUNDATION (EIN 342052912) - 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

2005

Legal Domicile

Principal Officer

AARON PETERMAN

Phone

4014558079

Tax Period

2024-07-01 to 2025-06-30

PROVIDENCE PUBLIC LIBRARY FOUNDATION, founded in 2005, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $4.0M exceeded revenue, resulting in a 40% operating deficit.

Mission

TO NURTURE AND SUPPORT THE PROVIDENCE PUBLIC LIBRARY'S GOALS AND PRIORITIES.

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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 $1,167

Program Service Revenue $0

Investment Income $2,876,830

Other Revenue $0

TOTAL REVENUE $2,877,997

Expense Breakdown

Grants Paid $3,825,428

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,825,428

Other Expenses $210,701

TOTAL EXPENSES $4,036,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,877,997	$2,395,473	+0.2%
Expenses	$4,036,129	$4,178,292	0.0%
Net Income	$-1,158,132	$-1,782,819	-0.4%

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

N/A

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

$425,592

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER M STEVENS	CHAIR	2.00	Officer Director	$0	$0	$0
RODNEY E LOPEZ	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DEREK FARIAS	TREASURER	2.00	Officer Director	$0	$0	$0
JUAN WILSON	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHLEEN HITTNER MD	TRUSTEE	2.00	Director	$0	$0	$0
SALLY P MCDONALD	TRUSTEE	2.00	Director	$0	$0	$0
HILLIAS J MARTIN JR	EXECUTIVE DIRECTOR	2.50	Officer	$0	$33,648	$188,493
AARON PETERMAN	CHIEF OPERATING OFFICER	2.50	Officer	$0	$22,563	$139,561
SHIRLEY FUERTES	CONTROLLER	2.50	Officer	$0	$19,237	$97,538

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	$2,877,997	$4,036,129	$29,913,990	$-1,158,132
2024	$2,395,473	$4,178,292	$30,962,785	$-1,782,819
2023	$1,605,588	$3,296,772	$31,738,917	$-1,691,184
2022	$3,076,683	$2,726,618	$32,290,022	$350,065
2021	$2,771,524	$3,843,750	$38,016,143	$-1,072,226
2020	$242,601	$2,850,441	$33,366,961	$-2,607,840
2019	$2,603,067	$2,490,035	$34,877,258	$113,032
2018	$2,209,151	$2,304,249	$35,857,974	$-95,098

PROVIDENCE PUBLIC LIBRARY FOUNDATION