THOMAS CRANE PUBLIC LIBRARY FOUNDATION INC (EIN 043297875) - 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

1995

Legal Domicile

Principal Officer

ROBERT CERASOLI

Phone

6173761312

Tax Period

2024-01-01 to 2024-12-31

THOMAS CRANE PUBLIC LIBRARY FOUNDATION INC, founded in 1995, is a micro nonprofit in the Education sector that reported $77K in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 98% operating margin.

Mission

THE THOMAS CRANE PUBLIC LIBRARY FOUNDATION, INC. SUPPORTS AND STRENGTHENS THE MISSION OF THE THOMAS CRANE PUBLIC LIBRARY SYSTEM (AND THE LIBRARY'S NATIONAL HISTORIC LANDMARK RICHARDSON BUILDING) BY RAISING THE VISIBILITY OF THE LIBRARY AND ITS PROGRAMS, AND ENCOURAGING COMMUNITY INVOLVEMENT.

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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 $1,586

Program Service Revenue $0

Investment Income $75,313

Other Revenue $0

TOTAL REVENUE $76,899

Expense Breakdown

Grants Paid $1,259

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,259

Other Expenses $605

TOTAL EXPENSES $1,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,899	$42,805	+0.8%
Expenses	$1,864	$82,070	-1.0%
Net Income	$75,035	$-39,265	-2.9%

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
ROBERT CERASOLI	PRESIDENT/DI	0.25	Officer Director	$0	$0	$0
MARY FARRELLY	DIRECTOR	0.25	Director	$0	$0	$0
NANCY GORDON	TREASURER/DI	0.25	Officer Director	$0	$0	$0
CORINNE MITCHELL	CLERK/DIRECT	0.25	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
2024	$76,899	$1,864	$1,264,951	$75,035
2023	$42,805	$82,070	$1,105,758	$-39,265
2022	$46,785	$51,979	$1,059,601	$-5,194
2021	$70,405	$66,502	$1,236,061	$3,903
2020	$48,028	$18,147	$1,133,699	$29,881
2019	$59,874	$63,591	$1,041,118	$-3,717
2018	$61,535	$47,986	$899,275	$13,549

THOMAS CRANE PUBLIC LIBRARY FOUNDATION INC