LIBRARY & COMMUNITY FOUNDATION OF RICHARDSON COUNTY

EIN: 470842392 501(c)(3) Philanthropy & Grantmaking

FALLS CITY, NE

Total Revenue
$134,392
Total Expenses
$87,145
Total Assets
$1,264,849
Net Assets
$1,264,849
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NE
Principal Officer
ROBERT W AITKEN
Phone
4022452913
Tax Period
2025-01-01 to 2025-12-31

LIBRARY & COMMUNITY FOUNDATION OF RICHARDSON COUNTY, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $134K in total revenue in fiscal year 2025. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $47K, a strong 35% operating margin.

Mission

TO SUPPORT THE FALLS CITY LIBRARY AND ARTS CENTER LOCATED IN FALLS CITY, NEBRASKA

Program Service Accomplishments

Program 1
Expenses: $54,853

TO PROVIDE WORKSHOPS, EXHIBITS, AND KIDS PROGRAMS IN THE FALLS CITY LIBRARY AND ARTS CENTER AS WELL AS AN ANNUAL SCHOLARSHIP FOR LOCAL HIGH SCHOOL MUSICIANS. TO PURCHASE BOOKS, FILMS, DISPLAYS, AND...

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TO PROVIDE WORKSHOPS, EXHIBITS, AND KIDS PROGRAMS IN THE FALLS CITY LIBRARY AND ARTS CENTER AS WELL AS AN ANNUAL SCHOLARSHIP FOR LOCAL HIGH SCHOOL MUSICIANS. TO PURCHASE BOOKS, FILMS, DISPLAYS, AND OTHER EDUCATIONAL ITEMS FOR THE LIBRARY AND ARTS CENTER WHICH BENEFITS THE 8,000 AREA CITIZENS AND HUNDREDS OF VISITORS ANNUALLY.

Program 2
Expenses: $26,292

TO PROVIDE THE NECESSARY ORGANIZATIONAL STRUCTURE FOR PROMOTING THE DEVELOPMENT OF THE JOHN PHILLIP FALTER ART GALLERY IN FALLS CITY, NEBRASKA. HUNDREDS OF VISITORS ENJOY THE DISPLAYS HONORING THE...

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TO PROVIDE THE NECESSARY ORGANIZATIONAL STRUCTURE FOR PROMOTING THE DEVELOPMENT OF THE JOHN PHILLIP FALTER ART GALLERY IN FALLS CITY, NEBRASKA. HUNDREDS OF VISITORS ENJOY THE DISPLAYS HONORING THE LATE JOHN PHILLIP FALTER, A BOYHOOD RESIDENT OF FALLS CITY.

Program 3
Expenses: $6,000

TO PROVIDE FOR A CURATOR AND ART CONSULTANT TO MAINTAIN THE FOUNDATION'S COLLECTION, COORDINATE GALLERY EVENTS, PROVIDE INPUT REGARDING RECEIVING AND DISPLAYING ART, ETC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $87,013
Program Service Revenue $0
Investment Income $4,269
Other Revenue $43,110
TOTAL REVENUE $134,392

Expense Breakdown

Grants Paid $850
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $87,145
Other Expenses $86,295
TOTAL EXPENSES $87,145

Year-over-Year Comparison

2025 2024 Change
Revenue $134,392 $80,232 +0.7%
Expenses $87,145 $55,947 +0.6%
Net Income $47,247 $24,285 +0.9%
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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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
50

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RITA SEID DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA WERTENBERGER DIRECTOR/CUR 8.00
Director
$0 $0 $0
ROBERT W AITKEN SECRETARY/TR 2.00
Officer
$0 $0 $0
RICHARD HALBERT VICE PRESIDE 1.00
Officer
$0 $0 $0
DANA RATHJE PRESIDENT 1.00
Officer
$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 $134,392 $87,145 $1,264,849 $47,247
2024 $80,232 $55,947 $1,217,602 $24,285
2023 $69,458 $75,719 $1,193,317 $-6,261
2022 $40,655 $47,423 $1,199,578 $-6,768
2021 $79,153 $57,454 $1,206,346 $21,699
2020 $28,314 $36,364 $1,184,647 $-8,050
2019 $43,666 $48,239 $1,192,697 $-4,573
2018 $66,201 $57,982 $1,197,270 $8,219
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