DANVILLE LIBRARY FOUNDATION

EIN: 371266099 501(c)(3)

DANVILLE, IL

Total Revenue
$435,630
Total Expenses
$405,605
Total Assets
$6,271,243
Net Assets
$6,236,211
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
IL
Principal Officer
PATRICK HALLORAN
Phone
2174775220
Tax Period
2024-05-01 to 2025-04-30

DANVILLE LIBRARY FOUNDATION, founded in 1990, is a small nonprofit that reported $436K in total revenue in fiscal year 2024. Expenses of $406K left a modest 7% surplus.

Mission

TO BENEFIT THE COMMUNITY BY RAISING, MANAGING, AND DISTRIBUTING FUNDS TO ENHANCE THE SERVICES AND COLLECTIONS OF THE DANVILLE PUBLIC LIBRARY AND TO INCREASE PUBLIC AWARENESS OF THE LIBRARY'S NEEDS AND SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $43,626
Program Service Revenue $0
Investment Income $391,423
Other Revenue $581
TOTAL REVENUE $435,630

Expense Breakdown

Grants Paid $264,816
Salaries & Benefits $55,357
Fundraising Expenses $23,020
Program Expenses $286,475
Other Expenses $85,432
TOTAL EXPENSES $405,605

Year-over-Year Comparison

2024 2023 Change
Revenue $435,630 $449,729 0.0%
Expenses $405,605 $614,261 -0.3%
Net Income $30,025 $-164,532 -1.2%
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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Governance

Voting Members
16
Independent Members
16
Employees
2
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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK GOODWIN TREASURER N/A
Officer Director
$0 $0 $0
TERRI CUMMINGS MEMBER N/A
Director
$0 $0 $0
NICK HILL MEMBER N/A
Director
$0 $0 $0
TONI TOWNE BOARD MEMBER N/A
Director
$0 $0 $0
MILLIE WILSON BOARD MEMBER N/A
Director
$0 $0 $0
JACLYN VINSON BOARD MEMBER N/A
Director
$0 $0 $0
JASON WHALING BOARD MEMBER N/A
Director
$0 $0 $0
TOM HERRMANN BOARD MEMBER N/A
Director
$0 $0 $0
JARED TRIGG BOARD MEMBER N/A
Director
$0 $0 $0
LIZ MELLEN-IRLE BOARD MEMBER N/A
Director
$0 $0 $0
MARLA BAURLE-HILL BOARD MEMBER N/A
Director
$0 $0 $0
CAROLINE HARBY VICE PRESIDE N/A
Officer Director
$0 $0 $0
PATRICK HALLORAN PRESIDENT N/A
Officer Director
$0 $0 $0
JAMI GREENLEE SECRETARY N/A
Officer Director
$0 $0 $0
MARK DENMAN EX-OFFICIO B N/A
Director
$0 $0 $0
RUEY SANDUSKY EX-OFFICIO B N/A
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 $435,630 $405,605 $6,271,243 $30,025
2024 $449,729 $614,804 $6,137,411 $-165,075
2023 $279,050 $234,003 $5,764,796 $45,047
2022 $701,457 $289,899 $5,793,349 $411,558
2021 $592,751 $198,563 $5,871,430 $394,188
2020 $340,224 $210,741 $4,657,258 $129,483
2019 $396,904 $467,039 $4,669,469 $-70,135
2018 $306,486 $163,976 $4,667,619 $142,510
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