West Hartford Library Foundation Inc

EIN: 061053847 501(c)(3)

West Hartford, CT

Total Revenue
$168,191
Total Expenses
$147,390
Total Assets
$4,027,648
Net Assets
$4,027,648
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
CT
Principal Officer
Kimberly Cohen President
Phone
8605616970
Tax Period
2023-07-01 to 2024-06-30

West Hartford Library Foundation Inc, founded in 1981, is a small nonprofit that reported $168K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $147K left a modest 12% surplus.

Mission

The West Hartford Library Foundation promotes and supports the West Hartford Public Library by providing a source of funding for the purchase of library materials, services, equipment, furnishings and capital improvements.

Program Service Accomplishments

Program 1
Expenses: $57,798

Grants to fund purchase of books, library materials, subscriptions, and museum memberships, to support programs of the West Hartford public libraries - a department of the Town of West Hartford.

Program 2
Expenses: $25,418

Grants to purchase online subscriptions for the West Hartford public libraries - a department of the Town of West Hartford.

Program 3
Expenses: $17,718

Grants to fund purchase of equipment and capital improvements by the West Hartford public libraries, including Tech Lab renovation and equipment, furniture, computers,lockers, and books for the West...

Read more

Grants to fund purchase of equipment and capital improvements by the West Hartford public libraries, including Tech Lab renovation and equipment, furniture, computers,lockers, and books for the West Hartford public libraries - a department of the Town of West Hartford.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,318
Program Service Revenue $5,823
Investment Income $144,050
Other Revenue $0
TOTAL REVENUE $168,191

Expense Breakdown

Grants Paid $108,660
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $108,660
Other Expenses $38,730
TOTAL EXPENSES $147,390

Year-over-Year Comparison

2023 2022 Change
Revenue $168,191 $109,135 +0.5%
Expenses $147,390 $107,613 +0.4%
Net Income $20,801 $1,522 +12.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
10

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
6
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kimberly Cohen from 22024 President 2.00
Officer Director
$0 $0 $0
Timothy Rooney Treasurer 2.00
Officer Director
$0 $0 $0
Gail Crockett to 22024 Secretary 1.00
Officer Director
$0 $0 $0
Frank Resnick to 22024 President 2.00
Officer Director
$0 $0 $0
Matthew Hoberman from 22024 Vice President 1.00
Officer Director
$0 $0 $0
Natalia Menjivar from 22024 Secretary 1.00
Officer Director
$0 $0 $0
Matthew Hoberman Director 0.50
Director
$0 $0 $0
Kimberly Cohen Director 0.50
Director
$0 $0 $0
Natalia Menjivar Director 0.50
Director
$0 $0 $0
Gail Crockett Director 0.50
Director
$0 $0 $0
Eileen Daly Director 0.50
Director
$0 $0 $0
EJ Greenspan Director 0.50
Director
$0 $0 $0
Okey Ndibe Director 0.50
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 $168,191 $147,390 $4,027,648 $20,801
2023 $109,135 $107,613 $3,679,751 $1,522
2022 $282,420 $150,538 $3,322,185 $131,882
2021 $482,627 $110,633 $4,111,598 $371,994
2020 $156,999 $143,998 $3,265,614 $13,001
2019 $150,879 $104,994 $3,377,032 $45,885
2018 $293,909 $81,938 $3,275,211 $211,971
Explore More Nonprofits
→Top 100 Nonprofits in Connecticut →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare West Hartford Library Foundation Inc with other nonprofits in Connecticut and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.