FOUNDATION FOR BALTIMORE COUNTY PUBLIC LIBRARY

EIN: 521695801 501(c)(3) Education

TOWSON, MD

Total Revenue
$721,870
Total Expenses
$1,041,238
Total Assets
$3,029,129
Net Assets
$2,801,525
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MD
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

PROVIDES ADDITIONAL RESOURCES TO ENRICH THE LIBRARY'S COMMITMENT TO EMPOWER THE CITIZENS OF BALTIMORE COUNTY TO EXPLORE, LEARN, CREATE AND CONNECT.

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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 (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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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