NEWPORT PUBLIC LIBRARY (EIN 050262105) - 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

1979

Legal Domicile

Principal Officer

JOSEPH LOGUE

Phone

4018478720

Tax Period

2023-07-01 to 2024-06-30

NEWPORT PUBLIC LIBRARY, founded in 1979, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023.

Mission

THE NEWPORT PUBLIC LIBRARY SEEKS TO STRENGTHEN THE COMMUNITY BY PROVIDING OPPORTUNITIES THST SUPPORT LIFE LONG LEARNING, INSPIRATION, IMMAGINATION, AND ENJOYMENT, AND CONNECT PEOPLE TO EACH OTHER AND TO THE REST OF THE WORLD.

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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 $2,584,051

Program Service Revenue $9,566

Investment Income $52,715

Other Revenue $0

TOTAL REVENUE $2,646,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,711,115

Fundraising Expenses $24,046

Program Expenses $2,033,902

Other Expenses $1,105,616

TOTAL EXPENSES $2,816,731

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,646,332	$2,587,857	+0.0%
Expenses	$2,816,731	$2,796,394	+0.0%
Net Income	$-170,399	$-208,537	-0.2%

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

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

$107,682

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN RIDNOUR	PRESIDENT	4.00	Officer Director	$0	$0	$0
BRAD CARTER	IMMEDIATE PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
MERIDETH BONVINO	TREASURER	2.00	Officer Director	$0	$0	$0
ADRIENNE SHAW	SECRTARY	2.00	Officer Director	$0	$0	$0
CHARLOTTE MARSHALL	TRUSTEE	1.00	Director	$0	$0	$0
KYLE MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
EDWINA SEBEST	TRUSTEE	1.00	Director	$0	$0	$0
PETER BAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
JUDY MCCARTHY	TRUSTEE	1.00	Director	$0	$0	$0
KRISTIE GARDINER	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA HELLER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID CARLIN	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH LOGUE	EXECUTIVE DIRECTOR	35.00	Officer	$92,322	$15,360	$107,682

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	$2,646,332	$2,816,731	$5,040,756	$-170,399
2023	$2,587,857	$2,796,394	$5,455,832	$-208,537
2022	$2,980,869	$2,825,088	$5,839,629	$155,781
2021	$2,744,004	$2,640,068	$5,561,089	$103,936
2020	$2,736,385	$2,689,483	$5,436,111	$46,902
2019	$2,691,007	$2,630,018	$5,314,633	$60,989
2018	$2,494,835	$2,591,777	$5,268,896	$-96,942

NEWPORT PUBLIC LIBRARY