Ridgefield Library Association Inc (EIN 060692378) - 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

1901

Legal Domicile

Principal Officer

Brenda McKinley

Phone

2034382282

Tax Period

2023-07-01 to 2024-06-30

Ridgefield Library Association Inc, founded in 1901, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $21.2M represent 68 months of operating reserves.

Mission

RIDGEFIELD LIBRARY IS A PUBLIC LIBRARY, INCORPORATED IN 1901 AS A PRIVATE 501(C)(3) NONPROFIT

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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 $3,108,405

Program Service Revenue $75,797

Investment Income $381,805

Other Revenue $165,637

TOTAL REVENUE $3,731,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,284,408

Fundraising Expenses $387,824

Program Expenses $2,755,490

Other Expenses $1,536,056

TOTAL EXPENSES $3,820,464

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,731,644	$3,186,050	+0.2%
Expenses	$3,820,464	$3,790,042	+0.0%
Net Income	$-88,820	$-603,992	-0.9%

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

Volunteers

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

$172,874

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA MCKINLEY	LIBRARY DIRECTOR	35.0	Officer	$135,770	$37,104	$172,874
NICOLE AGIUS	DIRECTOR	5.0	Director	$0	$0	$0
JENNIFER CROWL	DIRECTOR	5.0	Director	$0	$0	$0
MARGE DAVIDSON	SECRETARY	5.0	Officer Director	$0	$0	$0
BRIAN EGGE	DIRECTOR	5.0	Director	$0	$0	$0
ART LEADERMAN	DIRECTOR	5.0	Director	$0	$0	$0
WILLIAM H MAGILL	DIRECTOR	5.0	Director	$0	$0	$0
TOM MAIN	DIRECTOR	5.0	Director	$0	$0	$0
DANIELLE MCGROGAN	DIRECTOR	5.0	Director	$0	$0	$0
PAUL MELLINGER	TREASURER	5.0	Officer Director	$0	$0	$0
GARY RAPP	DIRECTOR	5.0	Director	$0	$0	$0
JEET SANDHU MD	DIRECTOR	5.0	Director	$0	$0	$0
DAVID B SMITH	DIRECTOR	5.0	Director	$0	$0	$0
ANNE MARIE SQUEO	DIRECTOR	5.0	Director	$0	$0	$0
MARC VIGLIOTTI	DIRECTOR	5.0	Director	$0	$0	$0
CARRIE WELLS	CHAIR	5.0	Officer Director	$0	$0	$0
KIM WELTON	DIRECTOR	5.0	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
2025	No data	No data	No data	No data
2024	$3,731,644	$3,820,464	$21,514,949	$-88,820
2023	$3,186,050	$3,790,042	$21,911,185	$-603,992
2022	$3,418,697	$3,586,971	$22,924,591	$-168,274
2021	$3,459,736	$3,413,626	$24,615,900	$46,110
2020	$2,826,298	$3,341,752	$23,493,562	$-515,454
2019	$3,420,581	$3,571,499	$24,524,520	$-150,918

Ridgefield Library Association Inc