DISTRICT OF COLUMBIA PUBLIC LIBRARY FOUNDATION INC (EIN 521481008) - Form 990 Financial Analysis & Trantor Score

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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

1985

Legal Domicile

Principal Officer

ROB HARTMAN

Phone

2024210837

Tax Period

2024-01-01 to 2024-12-31

DISTRICT OF COLUMBIA PUBLIC LIBRARY FOUNDATION INC, founded in 1985, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $2.6M exceeded revenue, resulting in a 63% operating deficit.

Mission

SUPPORT AND ENRICH THE CAPACITY, RESOURCES AND SERVICES OF THE DC 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 $1,187,453

Program Service Revenue $0

Investment Income $482,098

Other Revenue $-94,474

TOTAL REVENUE $1,575,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,385

Fundraising Expenses $212,193

Program Expenses $1,886,204

Other Expenses $2,288,441

TOTAL EXPENSES $2,572,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,575,077	$1,012,067	+0.6%
Expenses	$2,572,826	$2,247,632	+0.1%
Net Income	$-997,749	$-1,235,565	-0.2%

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

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

$267,734

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARQUETT SMITH	CO-CHAIR	5.00	Officer Director	$0	$0	$0
SUSAN HAIGHT	CO-CHAIR	5.00	Officer Director	$0	$0	$0
CONTINA HARVEY	TREASURER	5.00	Officer Director	$0	$0	$0
LILLY LIU MINKOVE	CHAIR, DEVELOPMENT COMMITTEE	2.00	Officer Director	$0	$0	$0
LEROY CLAY III	CHAIR, INVESTMENTS	5.00	Officer Director	$0	$0	$0
KELLY SKOLADA	CHAIR, NOMINATIONS COMMITTEE	2.00	Officer Director	$0	$0	$0
TOBIE WHITMAN	DIRECTOR	2.00	Director	$0	$0	$0
MARC BATTLE	DIRECTOR	2.00	Director	$0	$0	$0
PAUL CHOQUETTE III	DIRECTOR	2.00	Director	$0	$0	$0
TAMMI GORDON	DIRECTOR	2.00	Director	$0	$0	$0
MYRNA PERALTA	DIRECTOR	2.00	Director	$0	$0	$0
BETH REAVES	DIRECTOR	2.00	Director	$0	$0	$0
MORGAN O'DONNELL	DIRECTOR	2.00	Director	$0	$0	$0
RAMUDA YOUNG	DIRECTOR	2.00	Director	$0	$0	$0
SUSANNAH BURRAGE	DIRECTOR (FROM JAN 2024)	2.00	Director	$0	$0	$0
ROB HARTMAN	EXECUTIVE DIRECTOR	40.00	Officer	$267,734	$0	$267,734

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	$1,575,077	$2,572,826	$4,818,091	$-997,749
2023	$1,012,067	$2,247,632	$5,545,429	$-1,235,565
2022	$846,390	$1,640,784	$6,118,506	$-794,394
2021	$3,763,422	$1,051,517	$7,772,822	$2,711,905
2020	$1,355,981	$932,582	$4,843,969	$423,399
2019	$579,267	$664,561	$3,935,853	$-85,294
2018	$482,573	$483,054	$3,390,273	$-481

DISTRICT OF COLUMBIA PUBLIC LIBRARY FOUNDATION INC