Community Libraries of Providence (EIN 364640304) - 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

2008

Legal Domicile

Phone

4014672700

Tax Period

2024-07-01 to 2025-06-30

Community Libraries of Providence, founded in 2008, is a community nonprofit in the Education sector that reported $6.5M in total revenue in fiscal year 2024.

Mission

TO OPERATE A PUBLIC LIBRARY SYSTEM IN PROVIDENCE, RI. THE ORGANIZATION WAS FORMED TO OPERATE NINE NEIGHBORHOOD COMMUNITY LIBRARIES. PROVIDENCE COMMUNITY LIBRARY SERVES THE CULTURALLY RICH PEOPLE OF PROVIDENCE BY ADAPTING TO THEIR EVOLVING READING AND INFORMATION NEEDS WITH A DIVERSE STAFF THAT DELIVERS RELEVANT LIBRARY RESOURCES AND PROGRAMS, CULTIVATES MEANINGFUL PARTNERSHIPS AND PROMOTES VIBRANT NEIGHBORHOODS.

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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 $6,418,060

Program Service Revenue $37,837

Investment Income $34,487

Other Revenue $0

TOTAL REVENUE $6,490,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,534,525

Fundraising Expenses $188,977

Program Expenses $6,286,965

Other Expenses $2,287,509

TOTAL EXPENSES $6,822,034

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,490,384	$6,531,754	0.0%
Expenses	$6,822,034	$6,514,985	+0.0%
Net Income	$-331,650	$16,769	-20.8%

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

103

Volunteers

149

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

$115,681

Total Directors

$115,681

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cheryl Space	Executive Dir.	40.00	Officer Director	$104,113	$11,568	$115,681
Jordan Day	President	2.00	Officer Director	$0	$0	$0
Bob Medeiros	Vice President	2.00	Officer Director	$0	$0	$0
Andr Herrera	Secretary	2.00	Officer Director	$0	$0	$0
Gayle Gifford	Treasurer	2.00	Officer Director	$0	$0	$0
Walter Anthony Jr	Board Member	1.00	Director	$0	$0	$0
Ana Echevarria DeSaquic	Board Member	1.00	Director	$0	$0	$0
Nirva LaFortune	Board Member	1.00	Director	$0	$0	$0
Krystle Lindberg	Board Member	1.00	Director	$0	$0	$0
Michelle Freeman	Board Member	1.00	Director	$0	$0	$0
Sarah Morenon	Board Member	1.00	Director	$0	$0	$0
Patricia Raub	Board Member	1.00	Director	$0	$0	$0
Andrea Rojas	Board Member	1.00	Director	$0	$0	$0
Kathleen Stack	Board Member	1.00	Director	$0	$0	$0
Jake Heffern	Board Member	1.00	Director	$0	$0	$0
Shriram Krishnamurthi	Board Member	1.00	Director	$0	$0	$0
Lauri Lee	Board Member	1.00	Director	$0	$0	$0
W Parish Lentz	Board Membet	1.00	Director	$0	$0	$0
Bevan Linsley	Board Member	1.00	Director	$0	$0	$0
Benjamin Lueck	Board Member	1.00	Director	$0	$0	$0
Emily Markovitz	Board Member	1.00	Director	$0	$0	$0
Eloise Narrigan	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
2025	$6,490,384	$6,822,034	$3,307,726	$-331,650
2024	$6,531,754	$6,514,985	$3,414,368	$16,769
2023	$5,801,953	$6,383,529	$3,543,785	$-581,576
2022	$5,761,231	$5,706,115	$3,365,067	$55,116
2021	$6,105,940	$5,837,303	$3,536,568	$268,637

Community Libraries of Providence