NEW ENGLAND LIBRARY ASSOCIATION 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

1963

Legal Domicile

Principal Officer

BERNIE PROCHNIK

Phone

4133235925

Tax Period

2019-01-01 to 2019-12-31

NEW ENGLAND LIBRARY ASSOCIATION INC, founded in 1963, is a small nonprofit that reported $251K in total revenue in fiscal year 2019. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROVIDE EDUCATIONAL AND LEADERSHIP OPPORTUNITIES FOR LIBRARY STAFF IN SUPPORT OF IMPROVED LIBRARY SERVICES FOR THE PEOPLE OF NEW ENGLAND

Program Service Accomplishments

Program 1

Expenses: $129,337 Revenue: $161,845

CONFERENCE ASSEMBLY OF MEMBERS TO ASSIST WITH CONTINUING EDUCATION

Program 2

Expenses: $50,899 Revenue: $55,360

COMMITTEES & SECTIONS NETSL $15,306; MEMBERSHIP $44; NERTCL $3,419 NELLS $31,465

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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 (2019)

Revenue Breakdown

Contributions & Grants $32,572

Program Service Revenue $217,205

Investment Income $1,300

Other Revenue $0

TOTAL REVENUE $251,077

Expense Breakdown

Grants Paid $2,443

Salaries & Benefits $42,744

Fundraising Expenses $0

Program Expenses $180,236

Other Expenses $199,453

TOTAL EXPENSES $244,640

Year-over-Year Comparison

	2019	2018	Change
Revenue	$251,077	$230,497	+0.1%
Expenses	$244,640	$215,530	+0.1%
Net Income	$6,437	$14,967	-0.6%

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

100

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
MIKE ZELLER	VICE PRESIDENT	5.00	Officer	$0	$0	$0
SUSAN EDMONDS	PAST PRESIDENT	5.00	Officer	$0	$0	$0
JENNIFER BRUNEAU	PRESIDENT	5.00	Officer	$0	$0	$0
LUCINDA WALKER	SECRETARY	5.00	Officer	$0	$0	$0
BERNIE PROCHNIK	TREASURER	5.00	Officer	$0	$0	$0
EMILY WEISS	SENIOR DIRECTOR	5.00	Director	$0	$0	$0
LESLEY KIMBALL	JUNIOR DIRECTOR	5.00	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
2019	$251,077	$244,640	$277,162	$6,437
2018	$230,497	$215,530	$314,826	$14,967