MADISON PUBLIC LIBRARY FOUNDATION … - 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

1993

Legal Domicile

Principal Officer

CONOR MORAN

Phone

6082666318

Tax Period

2023-01-01 to 2023-12-31

MADISON PUBLIC LIBRARY FOUNDATION INC, founded in 1993, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $451K, a strong 20% operating margin.

Mission

MOBILIZE THE MADISON COMMUNITY TO CONTINUOUSLY IMPROVE, PROMOTE, AND SUPPORT MADISON PUBLIC LIBRARY. THE VISION IS TO EQUIP MADISON PUBLIC LIBRARY WITH ROBUST RESOURCES TO DELIVER OUTSTANDING SERVICES, FACILITIES, AND PROGRAMS THAT MEET THE MADISON COMMUNITY'S NEEDS.

Program Service Accomplishments

Program 1

Expenses: $313,379

BOOK FESTIVAL: THE FOUNDATION ORGANIZES AN ANNUAL BOOK FESTIVAL IN MADISON.

Program 2

Expenses: $826,154

GRANTS AND LIBRARY PROGRAMMING: THE FOUNDATION PROVIDES GRANTS TO FUND LIBRARY PROGRAMS, SERVICES, COLLECTIONS, AND CAPITAL FACILITY IMPROVEMENTS. IT ALSO PRODUCES AND DISTRIBUTES QUARTERLY...

GRANTS AND LIBRARY PROGRAMMING: THE FOUNDATION PROVIDES GRANTS TO FUND LIBRARY PROGRAMS, SERVICES, COLLECTIONS, AND CAPITAL FACILITY IMPROVEMENTS. IT ALSO PRODUCES AND DISTRIBUTES QUARTERLY NEWSLETTERS, ASSISTS IN DEVELOPING LIBRARY PROGRAMS THAT THE FOUNDATION HELPS TO FUND, AND PUBLICIZES EDUCATIONAL PROGRAMS.

Program 3

Expenses: $108,212

CAPITAL CAMPAIGN FOR LIBRARIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,115,016

Program Service Revenue $0

Investment Income $210,794

Other Revenue $-19,088

TOTAL REVENUE $2,306,722

Expense Breakdown

Grants Paid $725,061

Salaries & Benefits $510,069

Fundraising Expenses $360,850

Program Expenses $1,247,745

Other Expenses $620,703

TOTAL EXPENSES $1,855,833

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,306,722	$1,919,410	+0.2%
Expenses	$1,855,833	$1,950,759	0.0%
Net Income	$450,889	$-31,349	-15.4%

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

Volunteers

163

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

$142,767

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALMAN TANYA	PRESIDENT	1.00	Officer Director	$0	$0	$0
HANNON JENNIFER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RODRIQUEZ FRANCESCA	SECRETARY	1.00	Officer Director	$0	$0	$0
BOTE RON	TREASURER	1.00	Officer Director	$0	$0	$0
ELLIOTT-BOGER BRIGID	ASST TREASURER	1.00	Officer Director	$0	$0	$0
BAUMANN LINDA	DIRECTOR	1.00	Director	$0	$0	$0
BIRD LAURA	DIRECTOR	1.00	Director	$0	$0	$0
BROWNE RYAN	DIRECTOR	1.00	Director	$0	$0	$0
CHAN BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
CROAKE JP	DIRECTOR	1.00	Director	$0	$0	$0
GERDS LIBBY	DIRECTOR	1.00	Director	$0	$0	$0
GOODWIN SUSAN	DIRECTOR	1.00	Director	$0	$0	$0
HANKEY JOE	DIRECTOR	1.00	Director	$0	$0	$0
HOUDEK NATHAN	DIRECTOR	1.00	Director	$0	$0	$0
KELLY JILLANA	DIRECTOR	1.00	Director	$0	$0	$0
KENNEY ALYSSA	DIRECTOR	1.00	Director	$0	$0	$0
KUPLIC TOM	DIRECTOR	1.00	Director	$0	$0	$0
MENDEZ RAY	DIRECTOR	1.00	Director	$0	$0	$0
MICKELLS GREG	DIRECTOR	1.00	Director	$0	$0	$0
MURRARY LAURA	DIRECTOR	1.00	Director	$0	$0	$0
OLVER AARON	DIRECTOR	1.00	Director	$0	$0	$0
PLOURD PHIL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAMS GENE	DIRECTOR	1.00	Director	$0	$0	$0
MORAN CONOR	EXECUTIVE DIRECTOR	40.00	Officer	$120,600	$22,167	$142,767

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	No data	No data	No data	No data
2023	$2,306,722	$1,855,833	$11,439,605	$450,889
2022	$1,919,410	$1,950,759	$10,470,363	$-31,349
2021	$1,461,067	$1,424,424	$11,522,406	$36,643
2020	$1,300,189	$1,678,345	$10,187,757	$-378,156
2019	$2,416,100	$2,235,526	$10,041,910	$180,574
2018	$2,770,540	$1,728,353	$8,997,565	$1,042,187

MADISON PUBLIC LIBRARY FOUNDATION INC