PUBLIC LIBRARY ASSOCIATION OF ANNA… - 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

1936

Legal Domicile

Principal Officer

Cedric Grant

Phone

4102227371

Tax Period

2024-07-01 to 2025-06-30

PUBLIC LIBRARY ASSOCIATION OF ANNAPOLIS AND A A CO INC, founded in 1936, is a mid-sized nonprofit that reported $38.6M in total revenue in fiscal year 2024.

Mission

Provision of public library service to the residents of Anne Arundel County, MD

Program Service Accomplishments

Program 1

Expenses: $13,632,534 Revenue: $76,735

Circulated 6,068,920 items to the public

Program 2

Expenses: $2,643,937 Revenue: $23,917

Answered 245,806 reference inquiries either in person or via telephone or email

Program 3

Expenses: $5,850,387 Revenue: $0

Presented 8,424 programs and performances to 254,332 customers

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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 $38,438,139

Program Service Revenue $181,625

Investment Income $22

Other Revenue $2,115

TOTAL REVENUE $38,621,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,891,616

Fundraising Expenses $489,972

Program Expenses $26,498,955

Other Expenses $7,166,542

TOTAL EXPENSES $38,058,158

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,621,901	$35,914,746	+0.1%
Expenses	$38,058,158	$34,679,283	+0.1%
Net Income	$563,743	$1,235,463	-0.5%

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

541

Volunteers

220

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

$527,481

Total Directors

Key Employees

$1,110,212

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles M Auld	Chief Executive Officer	38	Officer	$246,453	$62,400	$308,853
Christine Feldmann	Director Marketing and Communications	38	Key Emp	$159,936	$79,100	$239,036
Koven Roundtree	Chief Human Resources	38	Key Emp	$175,490	$53,300	$228,790
Catherine Hollerbach	Chief Operating Officer	38	Key Emp	$168,619	$54,900	$223,519
Rodolfo Rodela	Chief Technology Officer	38	Key Emp	$171,303	$47,500	$218,803
Cedric Grant	Chief Financial Officer	38	Officer	$164,128	$54,500	$218,628
Wanda Wagner	Regional Manager	38	Highest	$151,506	$49,400	$200,906
Cathleen Sparrow	Executive Director of Foundation	38	Key Emp	$167,464	$32,600	$200,064
Scott Barter	Information Technology Director	40	Highest	$133,320	$56,200	$189,520
Gloria Harberts	Regional Manager	38	Highest	$154,478	$34,000	$188,478
Michele Noble	Branch Manager	38	Highest	$123,500	$29,000	$152,500
Gerald P Starr	Trustee	1	Director	$0	$0	$0
Sandra Solomon	Trustee	1	Director	$0	$0	$0
Cathy Belcher	Treasurer	1	Director	$0	$0	$0
JanElaine Smith	Trustee	1	Director	$0	$0	$0
Laura J Ellis	Secretary	1	Director	$0	$0	$0
James Estepp	Trustee	1	Director	$0	$0	$0
J Robert Sapp III	2nd Vice Chair	1	Director	$0	$0	$0
Dylan Behler	Trustee	1	Director	$0	$0	$0
Simmona Simmons	1st Vice Chair	1	Director	$0	$0	$0
Christopher Nelson	Chairman	1	Director	$0	$0	$0
Noah Comet	Trustee	1	Director	$0	$0	$0
Ishani Gandhi	Trustee	1	Director	$0	$0	$0
Tim Lemke	Director	1	Director	$0	$0	$0
Damita McDonald	Trustee	1	Director	$0	$0	$0
Faith Steele	Trustee	1	Director	$0	$0	$0
Lonni Summers	Director	1	Director	$0	$0	$0
Jeremy York	Trustee	1	Director	$0	$0	$0
Margot Argeles	Trustee	1	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	$38,621,901	$38,058,158	$24,092,560	$563,743
2024	$35,914,746	$34,679,283	$30,536,947	$1,235,463
2023	$32,902,772	$34,992,986	$35,926,543	$-2,090,214
2022	$30,564,961	$30,649,013	$40,508,179	$-84,052
2021	$29,732,836	$30,050,315	$38,305,116	$-317,479
2020	$30,202,652	$27,957,539	$35,291,004	$2,245,113
2019	$27,790,725	$25,636,421	$16,037,172	$2,154,304
2018	$26,308,087	$26,517,571	$14,530,232	$-209,484

PUBLIC LIBRARY ASSOCIATION OF ANNAPOLIS AND A A CO INC