NORFOLK PUBLIC LIBRARY FOUNDATION

EIN: 541758183 501(c)(3) Education

NORFOLK, VA

Total Revenue
$26,796
Total Expenses
$3,350
Total Assets
$534,004
Net Assets
$534,004
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1995
Principal Officer
THOMAS H JONES III
Phone
7576647328
Tax Period
2022-07-01 to 2023-06-30

NORFOLK PUBLIC LIBRARY FOUNDATION, founded in 1995, is a small nonprofit in the Education sector that reported $351K in total revenue in fiscal year 2020. The organization ran a surplus of $151K, a strong 43% operating margin.

Mission

THE ASSETS OF THE FOUNDATION SHALL BE USED FOR THE ACQUISTION OF LIBRARY MATERIAL FOR THE NORFOLK PUBLIC LIBRARY SYSTEM, INCLUDING ANY METHODS OF DATA RECEPTION, TRANSMISSION, OR STORAGE. IN ADDITION THE FUNDS CAN BE USED FOR CONSTRUCTION OR MAINTENANCE FOR THE NORFOLK PUBLIC LIBRARY BUILDINGS.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $19,837
Program Service Revenue $0
Investment Income $4,650
Other Revenue $2,309
TOTAL REVENUE $26,796

Expense Breakdown

Grants Paid $1,750
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,750
Other Expenses $1,600
TOTAL EXPENSES $3,350

Year-over-Year Comparison

2022 2021 Change
Revenue $26,796 $276,130 -0.9%
Expenses $3,350 $50,000 -0.9%
Net Income $23,446 $226,130 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS H JONES III PRESIDENT N/A
Officer
$0 $0 $0
SONAL RASTOGI SECRETARY N/A
Officer
$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
2023 $26,796 $3,350 $534,004 $23,446
2022 $276,130 $50,000 $510,558 $226,130
2021 $351,423 $200,700 $284,428 $150,723
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NORFOLK PUBLIC LIBRARY FOUNDATION with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.