WASHINGTON RESEARCH LIBRARY CONSOR… - 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

1987

Legal Domicile

Principal Officer

MS KIMBERLY L ARMSTRONG

Phone

3013902000

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON RESEARCH LIBRARY CONSORTIUM, founded in 1987, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2024. Expenses of $5.3M left a modest 14% surplus.

Mission

THE WASHINGTON RESEARCH LIBRARY CONSORTIUM IS A COLLABORATIVE PARTNERSHIP PROVIDING PROACTIVE AND RESPONSIVE, INNOVATIVE, AND COST-EFFECTIVE ACCESS TO SHARED INFORMATION RESOURCES, SERVICES AND EXPERTISE.

Program Service Accomplishments

Program 1

Expenses: $1,087,722 Revenue: $1,219,685

INFORMATION TECHNOLOGY SERVICES HAVE BEEN A CENTRAL FOCUS OF WRLC'S SERVICES SINCE 1990. PROVIDES ONLINE CATALOG TO NINE MEMBERS REPRESENTING OVER 20 MILLION RECORDS.

Program 2

Expenses: $1,704,186 Revenue: $1,998,866

SHARED COLLECTION FACILITY- WRLC OPERATED A SHARED STORAGE FACILITY TO FREE VALUABLE SPACE IN THE CAMPUS LIBRARIES. THE FACILITY PROVIDES HIGH DENSITY, ENVIRONMENTALLY CONTROLLED, RETRIEVABLE STORAGE FOR BOOKS, AUDIOVISUAL AND MICROFILM MEDIA AND ARCHIVAL BOXES. STUDENTS AND FACULTY MAY SUBMIT ON-LINE REQUESTS FOR ITEMS STORED USING THE ONLINE CATALOG.

Program 3

Expenses: $1,782,856 Revenue: $1,733,454

RESOURCE SHARING- WRLC MEMBER LIBRARIES HAVE COMBINED RESOURCES TO CREATE A SHARED COLLECTION- A VIRTUAL LIBRARY- FOR STUDENTS AND FACULTY IN THE WASHINGTON, DC AREA. THIS PROGRAM INCLUDES RECIPROCAL BORROWING BASED ON SHARED ON-LINE CATALOG, AND CONSORTIAL LICENSING OF ON-LINE RESOURCES.

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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 $0

Program Service Revenue $5,780,815

Investment Income $382,330

Other Revenue $0

TOTAL REVENUE $6,163,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,075,556

Fundraising Expenses $0

Program Expenses $4,574,764

Other Expenses $3,215,443

TOTAL EXPENSES $5,290,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,163,145	$6,225,280	0.0%
Expenses	$5,290,999	$5,580,303	-0.1%
Net Income	$872,146	$644,977	+0.4%

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

N/A

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

$825,957

Total Directors

$3,190,618

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR CHRISTOPHER BRACEY	DIRECTOR	N/A	Director	$0	$81,195	$1,010,877
MS VICKY WILKINS	DIRECTOR	N/A	Director	$0	$34,424	$661,221
MS NEENA ALI	DIRECTOR	N/A	Director	$0	$35,319	$389,785
MS NICOLE BRESNAHAN	SECY/TREASUR	N/A	Officer Director	$0	$53,385	$375,908
MS ALYSCIA EISEN	DIRECTOR	N/A	Director	$0	$38,674	$318,378
MR JEFF URBACH	DIRECTOR	N/A	Director	$0	$52,769	$306,632
MS KIMBERLY L ARMSTRONG	EXEC DIR	40.00	Officer	$232,852	$36,073	$268,925
MR DONALD GOURLEY	DIR OF INFO	40.00	Highest	$172,954	$41,512	$214,466
MR TIMOTHY A CONNOLLY	DIR OF FINAN	40.00	Officer	$160,114	$21,010	$181,124
MS KATHERINE KILDUFF	SR SOFTWARE	40.00	Highest	$146,637	$16,285	$162,922
MR AARON KREBECK	DEPUTY DIREC	40.00	Highest	$145,434	$15,680	$161,114
MR JOEL SHIELDS	UX & EMERGIN	40.00	Highest	$125,672	$13,856	$139,528
MR THOMAS BOONE	MANAGER OF S	40.00	Highest	$121,529	$13,450	$134,979
MS MELBA BROOME	DIRECTOR	N/A	Director	$0	$16,021	$127,817
MR JAMES ANTONY	DIRECTOR	N/A	Director	$0	$0	$0
DR KHADIJAT RASHID	DIRECTOR	N/A	Director	$0	$0	$0
MS PAM SLAVEN-LEE	DIRECTOR	N/A	Director	$0	$0	$0
DR ANTHONY K WUTOH	DIRECTOR	N/A	Director	$0	$0	$0
MR JOSEPH YOST	CHAIR	N/A	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	$6,163,145	$5,290,999	$18,677,005	$872,146
2024	No data	No data	No data	No data
2023	$6,066,988	$5,556,398	$17,384,613	$510,590
2022	$5,140,942	$5,634,154	$16,669,541	$-493,212
2021	$5,815,985	$5,385,490	$19,082,145	$430,495
2020	$5,867,845	$5,530,730	$18,730,853	$337,115
2019	$5,591,451	$5,643,238	$19,013,379	$-51,787
2018	$6,329,129	$5,930,141	$19,360,509	$398,988

WASHINGTON RESEARCH LIBRARY CONSORTIUM