ROCHESTER PUBLIC LIBRARY FOUNDATION

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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

1996

Legal Domicile

Principal Officer

JOANNE ROSENER

Phone

5073282387

Tax Period

2024-01-01 to 2024-12-31

ROCHESTER PUBLIC LIBRARY FOUNDATION, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $342K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 22% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO RAISE PRIVATE FUNDS FOR EDUCATIONAL AND INFORMATIONAL RESOURCES AND PROJECTS IN A MANNER THAT DOES NOT DIMINISH THE NEED FOR STRONG PUBLIC FUNDING, AND TO EDUCATE THE COMMUNITY ABOUT THE LIBRARY'S VITAL ROLE IN MEETING OUR COMMUNITY'S NEEDS.

Program Service Accomplishments

Program 1

Expenses: $143,450

GRANTS AND RELATED EXPENSES SUPPORTING THE ROCHESTER MINNESOTA PUBLIC 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $204,098

Program Service Revenue $0

Investment Income $134,402

Other Revenue $3,708

TOTAL REVENUE $342,208

Expense Breakdown

Grants Paid $118,703

Salaries & Benefits $102,647

Fundraising Expenses $68,957

Program Expenses $143,450

Other Expenses $46,568

TOTAL EXPENSES $267,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,208	$277,350	+0.2%
Expenses	$267,918	$266,357	+0.0%
Net Income	$74,290	$10,993	+5.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE ROSENER	PRESIDENT	2.00	Officer Director	$0	$0	$0
ERIN PAGEL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SHEILA RAINEY	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS HEBERT	TREASURER	2.00	Officer Director	$0	$0	$0
JULIE BROCK	DIRECTOR	1.00	Director	$0	$0	$0
ADAM DICKINSON	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA GE	DIRECTOR	1.00	Director	$0	$0	$0
BILL GRINDE	DIRECTOR	1.00	Director	$0	$0	$0
VAL KALISZEWSKI	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA LEIGHTNER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG WRUCK	DIRECTOR	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
2024	$342,208	$267,918	$4,274,745	$74,290
2024	$342,208	$267,918	$4,274,745	$74,290
2023	$277,350	$266,357	$3,859,862	$10,993
2022	$289,532	$240,110	$3,551,845	$49,422
2021	$357,578	$276,048	$4,087,460	$81,530
2020	$300,323	$203,428	$3,526,720	$96,895
2019	$258,152	$172,499	$3,141,757	$85,653
2018	$246,948	$224,922	$2,572,813	$22,026