LIBRARY OF VIRGINIA FOUNDATION

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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

1984

Legal Domicile

Principal Officer

SCOTT DODSON

Phone

8046923590

Tax Period

2024-07-01 to 2025-06-30

LIBRARY OF VIRGINIA FOUNDATION, founded in 1984, is a community nonprofit in the Education sector that reported $8.7M in total revenue in fiscal year 2024. Revenue surged 833% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.2M, a strong 83% operating margin.

Mission

SUPPORT THE LIBRARY OF VIRGINIA

Program Service Accomplishments

Program 1

Expenses: $661,348

EXPENDITURES ARE MADE TO ASSIST THE STATE LIBRARY OF THE COMMONWEALTH OF VIRGINIA IN ITS MISSION TO ACQUIRE, PRESERVE AND MAINTAIN COLLECTIONS OF BOOKS, MAPS, DOCUMENTS, AND OTHER ARTIFACTS...

EXPENDITURES ARE MADE TO ASSIST THE STATE LIBRARY OF THE COMMONWEALTH OF VIRGINIA IN ITS MISSION TO ACQUIRE, PRESERVE AND MAINTAIN COLLECTIONS OF BOOKS, MAPS, DOCUMENTS, AND OTHER ARTIFACTS, PROGRAMS, EXHIBITS AND EVENTS HELD FOR THE PUBLIC TO PROMOTE CULTURAL AND HISTORICAL LITERACY THROUGHOUT THE COMMONWEALTH OF VIRGINIA.

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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 $8,478,412

Program Service Revenue $0

Investment Income $279,124

Other Revenue $-22,295

TOTAL REVENUE $8,735,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,227

Fundraising Expenses $655,137

Program Expenses $661,348

Other Expenses $662,211

TOTAL EXPENSES $1,521,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,735,241	$936,653	+8.3%
Expenses	$1,521,759	$1,398,252	+0.1%
Net Income	$7,213,482	$-461,599	-16.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCIA ANNA TRIGIANI	PRESIDENT	2.00	Officer Director	$0	$0	$0
JULIA MARSDEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CORYNNE S ARNETT	TREASURER	2.00	Officer Director	$0	$0	$0
JEFFREY DREYFUS	SECRETARY	2.00	Officer Director	$0	$0	$0
JACK CATLETT	DIRECTOR	1.00	Director	$0	$0	$0
JORDANNA KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH PAPA	DIRECTOR	1.00	Director	$0	$0	$0
BESSIDA CAUTHORNE WHITE	DIRECTOR	1.00	Director	$0	$0	$0
WENDY AUERBACH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BROCKWELL	DIRECTOR	1.00	Director	$0	$0	$0
BK FULTON	DIRECTOR	1.00	Director	$0	$0	$0
BRAD PARKS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE PORTERFIELD	DIRECTOR	1.00	Director	$0	$0	$0
LYNN RAINVILLE	DIRECTOR	1.00	Director	$0	$0	$0
SHAREEF TAHBOUB	DIRECTOR	1.00	Director	$0	$0	$0
MATT WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS CLARK	DIRECTOR	1.00	Director	$0	$0	$0
RACHAEL LAPE	DIRECTOR	1.00	Director	$0	$0	$0
RON CAREY	DIRECTOR	1.00	Director	$0	$0	$0
BROOKS SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MALFOURD TRUMBO	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE VON SEELEN	DIRECTOR	1.00	Director	$0	$0	$0
LARA WULFF	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT R DODSON	EXECUTIVE DIRECTOR	40.00	Highest	$159,822	$7,991	$167,813

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	$8,735,241	$1,521,759	$14,104,001	$7,213,482
2024	$936,653	$1,398,252	$6,079,403	$-461,599
2023	$1,300,237	$1,428,596	$5,893,280	$-128,359
2022	$2,409,606	$745,139	$5,754,193	$1,664,467
2021	$907,161	$694,304	$4,803,475	$212,857