OPEN LIBRARY FOUNDATION INC

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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

2016

Legal Domicile

Principal Officer

TOM CRAMER

Phone

7178717030

Tax Period

2024-07-01 to 2025-06-30

OPEN LIBRARY FOUNDATION INC, founded in 2016, is a small nonprofit in the Science & Technology sector that reported $844K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $752K left a modest 11% surplus.

Mission

THE FOUNDATION SEEKS TO ENABLE AND SUPPORT COLLABORATION AMOUNG LIBRARIANS, TECHNOLOGISTS, DESIGNERS, SERVICE PROVIDERS AND VENDORS TO SHARE EXPERTISE AND RESOURCES AND TO CREATE INNOVATIVE NEW SOFTWARE AND RESOURCES THAT SUPPORT LIBRARIES.

Program Service Accomplishments

Program 1

Expenses: $471,427

FOLIO : FOLIO IS A COLLABORATION OF LIBRARIES, DEVELOPERS AND VENDORS BUILDING AN OPEN SOURCE LIBRARY SERVICES PLATFORM. IT SUPPORTS TRADITIONAL RESOURCE MANAGEMENT FUNCTIONALITY AND CAN BE EXTENDED INTO OTHER INSTITUTIONAL AREAS. FOLIO INSTITUTED A MEMBERSHIP MODEL IN FY22, ATTRACTING 32 PAID INSTITUTIONAL MEMBERS IN ITS FIRST YEAR, FOR TOTAL MEMBER CONTRIBUTIONS OF $295,000. A DOZEN INSTITUTIONS IMPLEMENTED FOLIO IN THIS TIME PERIOD, BRINGING THE TOTAL TO NEARLY 50 ACROSS THE WORLD IN EUROPE, NORTH AND SOUTH AMERICA, AND ASIA. THREE MAJOR RELEASES WERE COMPLETED. ELECTIONS FOR FY25 FOR THE COMMUNITY, PRODUCT, AND TECHNICAL COUNCILS WERE SUCCESSFULLY CARRIED OUT.

Program 2

Expenses: $188,284 Revenue: $116,889

WOLFCON : WOLFCON 2024 MEETING OCCURRED IN SENATE HOUSE AT THE UNIVERSITY OF LONDON IN SEPTEMBER 2024.

Program 3

Expenses: $3,809

VUFIND : ONE MAJOR AND ONE MINOR RELEASE WERE COMPLETED. A VIRTUAL USER AND DEVELOPER SUMMIT WAS HELD ONLINE AND IN-PERSON IN SEPTEMBER/OCTOBER, 2024. A REGISTERED SERVICE PROVIDER PROGRAM WAS...

VUFIND : ONE MAJOR AND ONE MINOR RELEASE WERE COMPLETED. A VIRTUAL USER AND DEVELOPER SUMMIT WAS HELD ONLINE AND IN-PERSON IN SEPTEMBER/OCTOBER, 2024. A REGISTERED SERVICE PROVIDER PROGRAM WAS ESTABLISHED, AND FIVE ORGANIZATIONS BECAME PROJECT SUPPORTERS DURING THE YEAR.

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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 $715,478

Program Service Revenue $112,776

Investment Income $11,175

Other Revenue $4,113

TOTAL REVENUE $843,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $673,607

Other Expenses $752,245

TOTAL EXPENSES $752,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$843,542	$566,537	+0.5%
Expenses	$752,245	$511,632	+0.5%
Net Income	$91,297	$54,905	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM CRAMER	PRESIDENT	5.00	Officer Director	$0	$0	$0
SCOTT ANDERSON	TREASURER	5.00	Officer Director	$0	$0	$0
CHRISTOPHER SPAULDING	SECRETARY	5.00	Officer Director	$0	$0	$0
SAM BROOKS	BOARD MEMBER	2.00	Director	$0	$0	$0
AGNESE GALEFFI	BOARD MEMBER	2.00	Director	$0	$0	$0
NANCY KIRKPATRICK	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHANIE BUCK	SENIOR OPERATIONS OFFICER	2.00	Officer Director	$0	$0	$0
LIU WEI	BOARD MEMBER	2.00	Director	$0	$0	$0
THORSTEN MEYER	BOARD MEMBER	2.00	Director	$0	$0	$0
DONNA BACON	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSE KOENNECKE	SENIOR PROGRAM OFFICER	2.00	Officer 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	$843,542	$752,245	$743,935	$91,297
2024	$566,537	$511,632	$675,649	$54,905
2023	$822,154	$590,174	$691,583	$231,980
2022	$189,849	$448,749	$372,297	$-258,900
2019	$1,359,863	$1,467,995	$319,933	$-108,132
2019	$1,290,840	$1,467,995	$319,933	$-177,155
2018	$1,015,312	$884,861	$499,617	$130,451
2018	$802,812	$884,861	$499,616	$-82,049