Belfast Free Library (EIN 010351143) - 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

Legal Domicile

Principal Officer

Kay Zegal

Phone

2073383884

Tax Period

2024-07-01 to 2025-06-30

Belfast Free Library is a small nonprofit in the Education sector that reported $379K in total revenue in fiscal year 2024. The organization ran a surplus of $171K, a strong 45% operating margin.

Mission

The Belfast Free Library is dedicated to helping individuals of all ages pursue independent learning by providing access to timely and useful information in all formats.

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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 $174,429

Program Service Revenue $25,926

Investment Income $178,570

Other Revenue $0

TOTAL REVENUE $378,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,682

Program Expenses $122,994

Other Expenses $208,207

TOTAL EXPENSES $208,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$378,925	$351,170	+0.1%
Expenses	$208,207	$312,298	-0.3%
Net Income	$170,718	$38,872	+3.4%

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

$92,469

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Norman	Executive Direc	40.00	Officer	$0	$8,635	$92,469
Kay Zegel	President	1.00	Officer Director	$0	$0	$0
Hadan Kauffman	Treasurer	1.00	Officer Director	$0	$0	$0
Sharon Jones	Director	1.00	Director	$0	$0	$0
Dorothy Harvey	Director	1.00	Director	$0	$0	$0
Laura Baker	Secretary	1.00	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	$378,925	$208,207	$2,315,246	$170,718
2024	$351,170	$312,298	$2,128,840	$38,872
2023	$326,637	$197,156	$2,068,009	$129,481
2022	$57,919	$231,334	$1,922,171	$-173,415
2022	$272,501	$231,334	$1,922,171	$41,167
2021	$270,208	$142,155	$2,130,128	$128,053
2020	$96,272	$159,325	$1,571,204	$-63,053
2019	$119,706	$148,880	$1,642,991	$-29,174
2018	$164,238	$147,084	$1,619,297	$17,154

Belfast Free Library