FRENCH LIBRARY 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

1945

Legal Domicile

Principal Officer

BARBARA BOUQUEGNEAU

Phone

6179120400

Tax Period

2024-01-01 to 2024-12-31

FRENCH LIBRARY INC, founded in 1945, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Net assets of $20.3M represent 101 months of operating reserves.

Mission

WITH ITS COLLECTION OF BOOKS, TAPES, AND DVDS FOR CULTURAL ACTIVITIES, THE LIBRARY OFFERS COURSES, BOOK READINGS AND DISCUSSIONS, LECTURES, COOKING AND WINE CLASSES, ART EXHIBITS, CONCERTS, AND LIBRARY AND TRANSLATION SERVICES IN THE FRENCH LANGUAGE.

Program Service Accomplishments

Program 1

Expenses: $1,104,341 Revenue: $813,763

EDUCATION AND TRANSLATION PROGRAMS THE LIBRARY PROVIDES THE HIGHEST QUALITY /FRENCH LANGUAGE INSTRUCTION IF A VARIETY OF SETTINGS INCLUDING GROUP CLASSES, PRIVATE INSTRUCTION, AND WORKSHOPS. IN...

EDUCATION AND TRANSLATION PROGRAMS THE LIBRARY PROVIDES THE HIGHEST QUALITY /FRENCH LANGUAGE INSTRUCTION IF A VARIETY OF SETTINGS INCLUDING GROUP CLASSES, PRIVATE INSTRUCTION, AND WORKSHOPS. IN ADDITION, THE LIBRARY SERVES AS AN EXAM LOCATION FOR FRENCH LANGUAGE PROFICIENCY EXAMS AND PROVIDES TRANSLATION OF DOCUMENTS BETWEEN FRENCH AND ENGLISH.

Program 2

Expenses: $311,503 Revenue: $100,263

CULTURAL AFFAIRS PROGRAM EVENTS THAT HIGHLIGHT VARIOUS ASPECTS OF THE FRENCH CULTURE INCLUDE ART EXHIBITS, AUTHOR TALKS, CONCERTS, FILM PRESENTATIONS WITH DISCUSSION, AND FOOD AND WINE APPRECIATION.

Program 3

Expenses: $273,717 Revenue: $4,620

LIBRARY PROGRAM THE LIBRARY INCLUDES 33,000 VOLUMES, INCLUDING BOOKS, CDS, DVDS, AND PERIODICALS AVAILABLE TO ITS MEMBERS. IN ADDITION, THE LIBRARY HOSTS BOOK READINGS, STORY-TIME, AND HAS ACCESS TO...

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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 $794,594

Program Service Revenue $918,646

Investment Income $645,701

Other Revenue $59,579

TOTAL REVENUE $2,418,520

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $1,353,941

Fundraising Expenses $77,491

Program Expenses $1,689,561

Other Expenses $1,297,803

TOTAL EXPENSES $2,659,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,418,520	$1,794,104	+0.3%
Expenses	$2,659,244	$2,690,715	0.0%
Net Income	$-240,724	$-896,611	-0.7%

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

125

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

$294,497

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN GALANTE	TRUSTEE/CHAIRMAN	4.00	Officer Director	$0	$0	$0
JEAN-FRANCOIS DUCREST	TRUSTEE/VICE CHAIR	2.00	Officer Director	$0	$0	$0
NICOLAS MASSARD	TRUSTEE/TREASURER	1.00	Officer Director	$0	$0	$0
ALYSSA LEBEL	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA DE BRAGANCA	TRUSTEE	1.00	Director	$0	$0	$0
CATHARINE-MARY DONOVAN	TRUSTEE	1.00	Director	$0	$0	$0
HILARY GROVE	TRUSTEE	1.00	Director	$0	$0	$0
RENE ROBERT	TRUSTEE AS OF 6/6/24	1.00	Director	$0	$0	$0
GONZAGUE DE MONTRICHARD	TRUSTEE	1.00	Director	$0	$0	$0
HERVE SEDKY	TRUSTEE	1.00	Director	$0	$0	$0
JEAN-LUC BOULNOIS	TRUSTEE	1.00	Director	$0	$0	$0
MONA VERNON	TRUSTEE AS OF 6/6/24	1.00	Director	$0	$0	$0
PIERRE SOREL	TRUSTEE	1.00	Director	$0	$0	$0
VINCENT ZELENKO	TRUSTEE	1.00	Director	$0	$0	$0
ZEINA AOUN	TRUSTEE	1.00	Director	$0	$0	$0
PASCAL GIRIN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MILLER	TRUSTEE	1.00	Director	$0	$0	$0
JOCELYN VIGREUX	TRUSTEE AS OF 6/6/24	1.00	Director	$0	$0	$0
BARBARA BOUQUEGNEAU	EXECUTIVE DIRECTOR/PRESIDE	40.00	Officer	$155,458	$18,359	$173,817
MICHAEL RICHARD	CFO/CLERK	19.00	Officer	$120,680	$0	$120,680

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	No data	No data	No data	No data
2024	$2,418,520	$2,659,244	$23,802,262	$-240,724
2023	$1,794,104	$2,690,715	$23,211,329	$-896,611
2022	$7,324,076	$2,279,639	$23,445,062	$5,044,437
2021	$2,479,852	$2,046,984	$26,024,536	$432,868
2020	$2,057,081	$2,065,723	$21,281,616	$-8,642
2019	$3,017,657	$2,340,182	$19,797,198	$677,475
2018	$3,805,682	$2,345,612	$17,554,822	$1,460,070