FRIEND MEMORIAL PUBLIC LIBRARY (EIN 010224532) - 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

1941

Legal Domicile

Principal Officer

EDWIN DE PASQUAL

Phone

2073592276

Tax Period

2023-01-01 to 2023-12-31

FRIEND MEMORIAL PUBLIC LIBRARY, founded in 1941, is a small nonprofit in the Education sector that reported $433K in total revenue in fiscal year 2023. Revenue surged 168% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 26% operating margin.

Mission

WE ARE AN INDEPENDENT LEARNING CENTER WHICH SUPPORTS AND PROMOTES THE IDEALS OF LIFE-LONG LEARNING. OUR LIBRARY ASSEMBLES, PRESERVES, AND ADMINISTERS, IN ACCESSIBLE AND ORGANIZED COLLECTIONS, BOOKS AND RELATED MATERIALS IN ORDER TO PROVIDE STIMULATION, ENLIGHTENMENT AND ENRICHMENT TO OUR COMMUNITY OF USERS.

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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 $379,404

Program Service Revenue $1,787

Investment Income $49,770

Other Revenue $2,175

TOTAL REVENUE $433,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,688

Fundraising Expenses $127,760

Program Expenses $175,815

Other Expenses $111,785

TOTAL EXPENSES $318,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$433,136	$161,508	+1.7%
Expenses	$318,633	$229,718	+0.4%
Net Income	$114,503	$-68,210	-2.7%

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

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
BRITTNEY CARTER	TRUSTEE	1.00	Director	$0	$0	$0
EDEN COWART	TRUSTEE	1.00	Director	$0	$0	$0
ANITA JACOBSSEN	VP/ ACTING S	2.00	Officer Director	$0	$0	$0
ELIZABETH PARSON	TREASURER	2.00	Director	$0	$0	$0
EDWIN DE PASQUAL	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID PORTER	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER SCHROTH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID TARR	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$433,136	$318,633	$3,244,735	$114,503
2022	$161,508	$229,718	$2,719,133	$-68,210
2021	$287,251	$183,558	$3,254,298	$103,693
2020	$424,120	$164,204	$3,015,987	$259,916
2019	$162,719	$155,255	$2,679,063	$7,464
2018	$189,320	$144,323	$2,348,101	$44,997

FRIEND MEMORIAL PUBLIC LIBRARY