THE LIBRARY FOUNDATION INC (EIN 592590387) - Form 990 Financial Analysis & Trantor Score

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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

1985

Legal Domicile

Principal Officer

JENNIFER RUFFINO

Phone

9417485555

Tax Period

2024-06-01 to 2025-05-31

THE LIBRARY FOUNDATION INC, founded in 1985, is a small nonprofit that reported $368K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $78K, a strong 21% operating margin.

Mission

THE LIBRARY FOUNDATION, INC.'S MISSION IS TO ENSURE THAT THE MANATEE COUNTY LIBRARY SYSTEM OBTAINS SUPPLEMENTAL FUNDS AND SUPPORT TO ACHIEVE ITS POTENTIAL AS AN INDISPENSABLE COMMUNITY RESOURCE.

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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 $96,277

Program Service Revenue $0

Investment Income $271,936

Other Revenue $0

TOTAL REVENUE $368,213

Expense Breakdown

Grants Paid $104,255

Salaries & Benefits $0

Fundraising Expenses $64,094

Program Expenses $181,989

Other Expenses $186,039

TOTAL EXPENSES $290,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$368,213	$1,173,023	-0.7%
Expenses	$290,294	$315,617	-0.1%
Net Income	$77,919	$857,406	-0.9%

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

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	Role	Reportable Comp	Other Comp	Total
BOBBI JAYNE VITALE	VICE PRESIDENT	Officer Director	$0	$0	$0
JENNIFER RUFFINO	TREASURER	Officer Director	$0	$0	$0
BRENT GIANGREGORIO	DIRECTOR	Director	$0	$0	$0
BILL GRIFFITH	DIRECTOR	Director	$0	$0	$0
RALPH HUGHES	SECRETARY	Officer Director	$0	$0	$0
TJ KORNETT	PRESIDENT	Officer Director	$0	$0	$0
JULIE PERRY	DIRECTOR	Director	$0	$0	$0
SUE SEITER	DIRECTOR	Director	$0	$0	$0
SALLY VASTOLA	DIRECTOR	Director	$0	$0	$0
KEVIN ALLEN	DIRECTOR	Director	$0	$0	$0
MARISA POWERS	DIRECTOR	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	$368,213	$290,294	$4,378,268	$77,919
2024	$1,173,023	$315,617	$4,145,940	$857,406
2023	$95,175	$303,759	$2,927,251	$-208,584
2022	$317,960	$109,286	$3,248,900	$208,674
2021	$401,055	$73,855	$3,502,774	$327,200
2020	$114,216	$135,418	$2,598,334	$-21,202
2019	$81,275	$95,373	$2,603,959	$-14,098
2018	$373,985	$169,900	$2,641,323	$204,085

THE LIBRARY FOUNDATION INC