URBANA FREE LIBRARY FOUNDATION

EIN: 371347187 501(c)(3) Philanthropy & Grantmaking

URBANA, IL

Total Revenue
$198,425
Total Expenses
$95,286
Total Assets
$947,501
Net Assets
$947,501
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
IL
Principal Officer
PATRICK HOEY
Phone
2173674057
Tax Period
2024-07-01 to 2025-06-30

URBANA FREE LIBRARY FOUNDATION, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $198K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103K, a strong 52% operating margin.

Mission

TO ASSIST IN DEVELOPING THE RESOURCES OF THE URBANA FREE LIBRARY, TO ADMINISTER GIFTS AND RESOURCES RECEIVED FOR THE LIBRARY, AND GENERALLY TO PROMOTE THE INTERESTS AND THE WELFARE OF THE URBANA FREE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $169,902
Program Service Revenue $0
Investment Income $28,523
Other Revenue $0
TOTAL REVENUE $198,425

Expense Breakdown

Grants Paid $73,277
Salaries & Benefits $0
Fundraising Expenses $18,867
Program Expenses $73,277
Other Expenses $21,824
TOTAL EXPENSES $95,286

Year-over-Year Comparison

2024 2023 Change
Revenue $198,425 $146,495 +0.4%
Expenses $95,286 $89,966 +0.1%
Net Income $103,139 $56,529 +0.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH ROCKMAN PRESIDENT 0.50
Officer Director
$0 $0 $0
KATIE BOYLE SECRETARY 0.50
Officer Director
$0 $0 $0
PATRICK HOEY TREASURER 0.50
Officer Director
$0 $0 $0
SHANNON MORBER DIRECTOR 0.50
Director
$0 $0 $0
ROBERT SWITZER DIRECTOR 0.50
Director
$0 $0 $0
KARA MCKINN DIRECTOR 0.50
Director
$0 $0 $0
JOE HOOD DIRECTOR 0.50
Director
$0 $0 $0
KATHERINE RYAN DIRECTOR 0.50
Director
$0 $0 $0
E BARBARA MEYER EX-OFFICIO MEMBER 0.50
Director
$0 $0 $0
NICK OLSEN EX-OFFICIO MEMBER 0.50
Director
$0 $0 $0
DANIEL URBAN EX-OFFICIO MEMBER 0.50
Director
$0 $0 $0
RACHEL FULLER EX-OFFICIO MEMBER 0.50
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 $198,425 $95,286 $947,501 $103,139
2024 $146,495 $89,966 $838,480 $56,529
2023 $112,229 $82,501 $777,471 $29,728
2022 $116,762 $53,926 $753,361 $62,836
2021 $483,966 $48,431 $718,876 $435,535
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