ASSOCIATION OF THE FREE LIBRARY AND READING ROOM OF ROWAYTON INC (EIN 060736950) - 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

Principal Officer

KARA BONITATIBUS

Phone

2038385038

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATION OF THE FREE LIBRARY AND READING ROOM OF ROWAYTON INC is a small nonprofit that reported $781K in total revenue in fiscal year 2024. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $368K, a strong 47% operating margin.

Mission

FREE LIBRARY AND READING ROOM FOR RESIDENTS OF ROWAYTON.

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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 $689,633

Program Service Revenue $2,071

Investment Income $7,618

Other Revenue $81,722

TOTAL REVENUE $781,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,954

Fundraising Expenses $11,900

Program Expenses $370,257

Other Expenses $157,103

TOTAL EXPENSES $413,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$781,044	$351,047	+1.2%
Expenses	$413,057	$392,144	+0.1%
Net Income	$367,987	$-41,097	-10.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY BERLIET	TRUSTEE	1.00	Director	$0	$0	$0
EVAN COLEMAN	TRUSTEE	1.00	Director	$0	$0	$0
GEORGETTE DIAMANDIS	TRUSTEE	1.00	Director	$0	$0	$0
CAROLINE HAHN	TRUSTEE	1.00	Director	$0	$0	$0
ROD JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
RICK KLEIN	TRUSTEE	1.00	Director	$0	$0	$0
MOLLY KOPCSAY	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY SMITH	TRUSTEE	1.00	Director	$0	$0	$0
KARA BONITATIBUS	CO-PRESIDENT	1.00	Officer	$0	$0	$0
BRYAN CAVINESS	TREASURER	1.00	Officer	$0	$0	$0
SARA INGRASSIA	SECRETARY	1.00	Officer	$0	$0	$0
DAVID LANE	CO-PRESIDENT	1.00	Officer	$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	$781,044	$413,057	$1,034,919	$367,987
2024	No data	No data	No data	No data
2023	$350,599	$312,716	$706,534	$37,883
2022	$308,335	$282,697	$667,462	$25,638
2021	$342,309	$288,749	$640,047	$53,560
2020	$307,076	$285,174	$610,914	$21,902
2019	$336,247	$314,217	$563,384	$22,030
2018	$328,101	$308,002	$539,077	$20,099

ASSOCIATION OF THE FREE LIBRARY AND READING ROOM OF ROWAYTON INC