Open Library of Richmond 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

2001

Legal Domicile

Principal Officer

Jordan Modell

Phone

4155616768

Tax Period

2023-01-01 to 2023-12-31

Open Library of Richmond Inc, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $10.1M in total revenue in fiscal year 2023. Revenue surged 132% from the prior year, signaling strong growth momentum. Expenses of $26.2M exceeded revenue, resulting in a 160% operating deficit.

Mission

Provide tools and services to facilitate universal access to all knowledge to researchers, historians, scholars and the general public.

Program Service Accomplishments

Program 1

Expenses: $24,243,637

Operating facilities and services with the goal of the preservation and accessing books and other cultural works.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,550,000

Program Service Revenue $0

Investment Income $-164,490

Other Revenue $-321,304

TOTAL REVENUE $10,064,206

Expense Breakdown

Grants Paid $23,229,421

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,243,637

Other Expenses $2,928,319

TOTAL EXPENSES $26,157,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,064,206	$4,330,217	+1.3%
Expenses	$26,157,740	$3,071,434	+7.5%
Net Income	$-16,093,534	$1,258,783	-13.8%

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

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
Jordan Modell	Chairman	5.00	Officer Director	$0	$0	$0
Zara Haushmond	Director	5.00	Director	$0	$0	$0
Lew Tucker	CFO	5.00	Officer Director	$0	$0	$0
Brewster Kahle	Treasurer	5.00	Officer	$0	$0	$0
Meikle Hall	Secretary	5.00	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
2024	No data	No data	No data	No data
2023	$10,064,206	$26,157,740	$24,381,590	$-16,093,534
2022	$4,330,217	$3,071,434	$39,437,013	$1,258,783
2021	$15,433,911	$14,043,186	$39,481,984	$1,390,725
2020	$4,352,958	$4,020,356	$37,375,761	$332,602
2019	$25,782,435	$5,570,983	$32,940,773	$20,211,452
2018	$6,261,975	$4,494,464	$12,839,368	$1,767,511