HERITAGE PUBLIC LIBRARY INC

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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

1981

Legal Domicile

Principal Officer

ROBERT KIKKERT

Phone

8049662480

Tax Period

2024-07-01 to 2025-06-30

HERITAGE PUBLIC LIBRARY INC, founded in 1981, is a small nonprofit that reported $591K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $108K, a strong 18% operating margin.

Mission

TO PROVIDE AND MAINTAIN LIBRARY SERVICES FOR THE CITIZENS OF NEW KENT COUNTY AND CHARLES CITY COUNTY.

Program Service Accomplishments

Program 1

Expenses: $387,938 Revenue: $29,356

THE LIBRARY PROVIDES FREE LIBRARY SERVICES TO RESIDENTS OF CHARLES CITY AND NEW KENT COUNTIES IN VIRGINIA.

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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 $553,276

Program Service Revenue $36,297

Investment Income $1,024

Other Revenue $0

TOTAL REVENUE $590,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,493

Fundraising Expenses $0

Program Expenses $387,938

Other Expenses $162,147

TOTAL EXPENSES $482,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$590,597	$544,305	+0.1%
Expenses	$482,640	$496,582	0.0%
Net Income	$107,957	$47,723	+1.3%

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
JERENE BEYER	SECRETARY	1.00	Officer Director	$0	$0	$0
JORDAN BOWMAN	TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA BRAME	TRUSTEE	1.00	Director	$0	$0	$0
JANE COPLAND	TRUSTEE	1.00	Director	$0	$0	$0
JEAN HANCOCK	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT KIKKERT	CHAIR	1.00	Officer Director	$0	$0	$0
RENE LOCKWOOD	TRUSTEE	1.00	Director	$0	$0	$0
LELIA MCKEE	TRUSTEE	1.00	Director	$0	$0	$0
DEANNA POLLARD	TRUSTEE	1.00	Director	$0	$0	$0
ROSE WHITMAN SCHOOF	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN JAY TEMPLIN	VICE CHAIR	1.00	Officer 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	$590,597	$482,640	$280,938	$107,957
2024	$544,305	$496,582	$172,981	$47,723
2023	$550,205	$512,413	$125,258	$37,792
2022	$443,795	$493,757	$87,466	$-49,962
2021	$473,058	$470,262	$137,428	$2,796
2020	$436,505	$448,679	$135,154	$-12,174
2019	$398,367	$372,374	$91,051	$25,993