CITY OF RICHMOND PUBLIC LIBRARY FO… - 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

1997

Legal Domicile

Principal Officer

J DONTRESE BROWN

Phone

8046465511

Tax Period

2024-07-01 to 2025-06-30

CITY OF RICHMOND PUBLIC LIBRARY FOUNDATION, founded in 1997, is a small nonprofit in the Education sector that reported $484K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $124K, a strong 26% operating margin.

Mission

THE CITY OF RICHMOND PUBLIC LIBRARY FOUNDATION DEVELOPS, ADMINISTERS, AND ALLOCATES FUNDS TO PROVIDE THE EXTRA MARGIN OF EXCELLENCE FOR THE CITY'S LIBRARY SYSTEM BY ENHANCING EXISTING PUBLIC SUPPORT FOR THE LIBRARY AND ITS PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $334,149

SUPPORT OF RICHMOND PUBLIC LIBRARY WITH FUNDING FOR PROGRAMS, RESOURCES, AND EFFORTS THAT ENABLE RICHMOND PUBLIC LIBRARY TO RESPOND TO THE NEEDS OF THE RESIDENTS OF THE CITY OF RICHMOND AND THE...

SUPPORT OF RICHMOND PUBLIC LIBRARY WITH FUNDING FOR PROGRAMS, RESOURCES, AND EFFORTS THAT ENABLE RICHMOND PUBLIC LIBRARY TO RESPOND TO THE NEEDS OF THE RESIDENTS OF THE CITY OF RICHMOND AND THE SURROUNDING ENVIRONS. THE WORK OF THE FOUNDATION IS GUIDED BY THE RICHMOND PUBLIC LIBRARY STRATEGIC PLAN, WHICH IS DEVELOPED BY THE LIBRARY DIRECTOR WITH THE LIBRARY BOARD OF TRUSTEES. FOUNDATION SUPPORT IS DIRECTED TO THE FIVE STRATEGIC GOALS BELOW, WHICH DEMONSTRATE OUR DEDICATION TO PROVIDING CRITICAL RESOURCES TO A VIBRANT AND ENGAGED RICHMOND COMMUNITY. GOAL 1: ACCESSIBLE LIBRARIES: INCREASE ACCESS TO LIBRARY LOCATIONS AND ENSURE AVAILABILITY OF INFORMATION AND RESOURCES TO RESIDENTS. GOAL 2: CHILDREN'S LITERACY: PROVIDE SERVICES AND PROGRAMS THAT BUILD AND CULTIVATE LITERACY AND A LOVE OF READING. GOAL 3: LIFELONG LEARNING: EXPAND OUR ROLE AS THE ONLY EDUCATIONAL INSTITUTION THAT SERVES THE ENTIRE COMMUNITY FROM BIRTH TO 100+. GOAL 4: ORGANIZATIONAL STRENGTH: ENSURE THE LIBRARY IS POSITIONED TO ANTICIPATE AND RESPOND TO THE CHANGING SERVICE NEEDS OF THE COMMUNITY. GOAL 5: UNIQUELY RICHMOND: CIVICALLY ENGAGE AND CONNECT RESIDENTS TO INFORMATION AND RESOURCES TO SOLVE PROBLEMS AND DISCOVER RICHMOND'S PAST, PRESENT AND FUTURE.

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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 $392,327

Program Service Revenue $0

Investment Income $91,384

Other Revenue $0

TOTAL REVENUE $483,711

Expense Breakdown

Grants Paid $334,149

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $334,149

Other Expenses $25,456

TOTAL EXPENSES $359,605

Year-over-Year Comparison

	2024	2023	Change
Revenue	$483,711	$385,569	+0.3%
Expenses	$359,605	$176,044	+1.0%
Net Income	$124,106	$209,525	-0.4%

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

$79,212

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J DONTRESE BROWN	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRAN BRADFORD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RICH PETERSON	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT FIRESTINE	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN REVERE	EXECUTIVE DI	40.00	Officer	$0	$0	$79,212
PETER BLAKE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN CHILDRESS	DIRECTOR	1.00	Director	$0	$0	$0
ALLAN-CHARLES CHIPMAN	DIRECTOR	1.00	Director	$0	$0	$0
TORI FILAS	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE V FRYE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GOINS	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE ISLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARY LAUDERDALE	DIRECTOR	1.00	Director	$0	$0	$0
NISSA LIPOWICZ	DIRECTOR	1.00	Director	$0	$0	$0
LYN KYLE MANSON	DIRECTOR	1.00	Director	$0	$0	$0
DOMINIQUE MCKENZIE	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
SUE MCFADDEN PATOW	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY PAYNE	DIRECTOR	1.00	Director	$0	$0	$0
FELIX SCHAPIRO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN E ULMSCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
JANET WOODY	DIRECTOR	1.00	Director	$0	$0	$0
DEON WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
RUTH DEBOER	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	$483,711	$359,605	$2,225,679	$124,106
2024	$385,569	$176,044	$2,220,788	$209,525
2023	$221,918	$148,919	$1,085,993	$72,999
2022	$193,212	$162,100	$1,009,137	$31,112
2021	$175,435	$46,711	$1,020,643	$128,724
2020	$124,900	$153,853	$853,627	$-28,953
2020	$124,900	$88,721	$853,627	$36,179
2019	$175,049	$157,753	$859,191	$17,296
2018	$90,749	$51,558	$773,015	$39,191

CITY OF RICHMOND PUBLIC LIBRARY FOUNDATION