East Haven Public Library Inc (EIN 060699247) - 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

1921

Legal Domicile

Principal Officer

Sarah Mallory

Phone

2034683890

Tax Period

2023-07-01 to 2024-06-30

East Haven Public Library Inc, founded in 1921, is a small nonprofit in the Education sector that reported $979K in total revenue in fiscal year 2023. Expenses of $942K left a modest 4% surplus.

Mission

The Hagaman Memorial Library is the center for community enrichment and as such it seeks to provide information, resources, and programs for lifelong learning as well as to improve the quality of life of East Haven residents by providing a top notch collection of materials in multiple formats, current technology, and cultural opportunities.

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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 $963,434

Program Service Revenue $0

Investment Income $2,544

Other Revenue $13,124

TOTAL REVENUE $979,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $706,838

Fundraising Expenses $0

Program Expenses $806,037

Other Expenses $235,404

TOTAL EXPENSES $942,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$979,102	$1,027,392	0.0%
Expenses	$942,242	$1,099,572	-0.1%
Net Income	$36,860	$-72,180	-1.5%

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

$69,378

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Derbacher	Chairman	0.50	Director	$0	$0	$0
Katy Klarman	Treasurer	0.50	Director	$0	$0	$0
Christopher Brown	Secretary	0.50	Director	$0	$0	$0
Kara Canney	Trustee	0.50	Director	$0	$0	$0
Erika Santiago	Trustee	0.50	Director	$0	$0	$0
Kristen Granfield Schimanski	Trustee	0.50	Director	$0	$0	$0
Michele Kiley-Cosentino	Trustee	0.50	Director	$0	$0	$0
Melissa Meagher	Vice Chairman	0.50	Director	$0	$0	$0
Marissa Velazquez	Trustee	0.50	Director	$0	$0	$0
Sarah Mallory	Library Director	40.00	Officer	$69,378	$0	$69,378

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	$979,102	$942,242	$744,306	$36,860
2023	$1,027,392	$1,099,572	$681,487	$-72,180
2022	$1,142,769	$954,152	$796,469	$188,617
2021	$1,068,510	$967,897	$753,599	$100,613

East Haven Public Library Inc