FOUNDATION FOR BALTIMORE COUNTY PU… - 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

1990

Legal Domicile

Principal Officer

Nicholas Richardson

Phone

4108876160

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR BALTIMORE COUNTY PUBLIC LIBRARY, founded in 1990, is a small nonprofit in the Education sector that reported $722K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 44% operating deficit.

Mission

THE FOUNDATION FOR BALTIMORE COUNTY PUBLIC LIBRARY MOBILIZES RESOURCES TO SUPPORT THE LIBRARY'S COMMITMENT TO A SUPERIOR PUBLIC LIBRARY SYSTEM WHERE OPPORTUNITIES FOR LITERACY, READING ENRICHMENT, AND LIFELONG LEARNING ARE AVAILABLE TO ALL.

Program Service Accomplishments

Program 1

Expenses: $792,233

TO CONTINUE SUPPORT TO THE LIBRARY AND ITS BRANCHES BY PROVIDING ADDITIONAL RESOURCES TO ENRICH THE LIBRARY'S COMMITMENT TO EMPOWER THE CITIZENS OF BALTIMORE COUNTY TO EXPLORE, LEARN, CREATE AND...

TO CONTINUE SUPPORT TO THE LIBRARY AND ITS BRANCHES BY PROVIDING ADDITIONAL RESOURCES TO ENRICH THE LIBRARY'S COMMITMENT TO EMPOWER THE CITIZENS OF BALTIMORE COUNTY TO EXPLORE, LEARN, CREATE AND CONNECT.

Program 2

SOCIAL WORKER IN THE LIBRARY, REISTERSTOWN BRANCH TEEN SPACE, STREAM VEHICLE, SUMMER READING CHALLENGE.

Program 3

SCHOLARSHIP PROGRAM

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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 $568,337

Program Service Revenue $0

Investment Income $147,869

Other Revenue $5,664

TOTAL REVENUE $721,870

Expense Breakdown

Grants Paid $792,233

Salaries & Benefits $0

Fundraising Expenses $185,215

Program Expenses $792,233

Other Expenses $249,005

TOTAL EXPENSES $1,041,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$721,870	$638,430	+0.1%
Expenses	$1,041,238	$620,978	+0.7%
Net Income	$-319,368	$17,452	-19.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicholas Richardson	President	1.00	Officer Director	$0	$0	$0
Kelley McGeehan	Vice President	1.00	Officer Director	$0	$0	$0
Regina Sanderoff	Treasurer	1.00	Officer Director	$0	$0	$0
Shafiyq Hinton	Director	1.00	Director	$0	$0	$0
Todd Carpenter	Director	1.00	Director	$0	$0	$0
Danielle Marshall	Director	1.00	Director	$0	$0	$0
Emily Devan	Director	1.00	Director	$0	$0	$0
Mindy O'Malley	Director	1.00	Director	$0	$0	$0
David Gildea	Director	1.00	Director	$0	$0	$0
Zachary Miller	Director	1.00	Director	$0	$0	$0
Stephen Shutz	Director	1.00	Director	$0	$0	$0
Susan Waxter	Director	1.00	Director	$0	$0	$0
Anne West	Director	1.00	Director	$0	$0	$0
Ellen York	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
2025	$721,870	$1,041,238	$3,029,129	$-319,368
2024	$638,430	$620,978	$3,138,469	$17,452
2023	$479,876	$132,720	$2,969,076	$347,156
2022	$521,051	$314,269	$2,529,366	$206,782
2021	$590,330	$179,643	$2,526,125	$410,687
2020	$424,638	$361,816	$1,991,097	$62,822
2019	$323,223	$135,015	$1,790,453	$188,208
2018	$253,895	$83,637	$1,577,780	$170,258

FOUNDATION FOR BALTIMORE COUNTY PUBLIC LIBRARY