THE NEW CANAAN LIBRARY INC (EIN 060646764) - 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

1877

Legal Domicile

Principal Officer

ROBERT LOWE

Phone

2035945005

Tax Period

2023-07-01 to 2024-06-30

THE NEW CANAAN LIBRARY INC, founded in 1877, is a community nonprofit in the Education sector that reported $6.5M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.4M, a strong 22% operating margin.

Mission

TO BE AN ESSENTIAL PLACE FOR LIFELONG LEARNING, CULTURE AND CONNECTION FOR EVERYONE IN OUR COMMUNITY

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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 $5,932,487

Program Service Revenue $260,544

Investment Income $134,172

Other Revenue $203,980

TOTAL REVENUE $6,531,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,631,654

Fundraising Expenses $506,541

Program Expenses $3,721,606

Other Expenses $2,480,024

TOTAL EXPENSES $5,111,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,531,183	$10,132,358	-0.4%
Expenses	$5,111,678	$4,163,171	+0.2%
Net Income	$1,419,505	$5,969,187	-0.8%

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

243

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

$202,713

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA WYCKOFF	TRUSTEE	1.00	Director	$0	$0	$0
ANNE TSENG	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTINE SEAVER	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
CHRISTOPHER B O'CONNOR	TRUSTEE	0.30	Director	$0	$0	$0
CRAWFORD HAMILTON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID RUCCI	TRUSTEE	2.00	Director	$0	$0	$0
DEBORAH S GORDON	SECRETARY	7.00	Officer Director	$0	$0	$0
DOUGLAS ORMOND	TRUSTEE	0.30	Director	$0	$0	$0
EILEEN S THOMAS	VICE PRESIDENT	7.00	Officer Director	$0	$0	$0
FATOU NIANG	TRUSTEE	0.05	Director	$0	$0	$0
GARY D ENGLE	TRUSTEE	1.00	Director	$0	$0	$0
IAN HOBBS	TRUSTEE	2.00	Director	$0	$0	$0
JONATHAN BARRY	TRUSTEE	0.04	Director	$0	$0	$0
MARK DEWAELE	TRUSTEE	1.00	Director	$0	$0	$0
PETER ZIESING	TRUSTEE	2.00	Director	$0	$0	$0
RACHEL DIEHL BAKER	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT E BUTMAN	PRESIDENT	11.00	Officer Director	$0	$0	$0
ROBERT LOWE	TREASURER	4.00	Officer Director	$0	$0	$0
SARAH O'HERRON CASEY	TRUSTEE	5.00	Director	$0	$0	$0
TOM JOYCE	TRUSTEE	1.50	Director	$0	$0	$0
TOM TELES	TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA MERWIN	TRUSTEE	4.00	Director	$0	$0	$0
ALLISON REES	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE RILEY	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA SCHUBERT	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS STEWART	TRUSTEE	1.00	Director	$0	$0	$0
LISA A OLDHAM	EXECUTIVE DIRECTOR	35.00	Key Emp	$202,713	$0	$202,713
CHERYL CAPITANI	VP OF OPERATIONS	35.00	Highest	$127,302	$0	$127,302

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	$6,531,183	$5,111,678	$52,447,575	$1,419,505
2023	$10,132,358	$4,163,171	$50,171,942	$5,969,187
2022	$22,594,634	$3,911,987	$41,940,632	$18,682,647
2021	$4,382,057	$3,284,767	$23,779,028	$1,097,290
2020	$9,886,938	$3,470,940	$23,279,807	$6,415,998
2019	$7,753,522	$3,373,989	$16,345,648	$4,379,533

THE NEW CANAAN LIBRARY INC