FRIENDS OF THE HAMDEN LIBRARY (EIN 061178990) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

MICHELE HOFFNUNG

Phone

2032872680

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF THE HAMDEN LIBRARY, founded in 2009, is a small nonprofit that reported $978K in total revenue in fiscal year 2023. Revenue surged 4922% from the prior year, signaling strong growth momentum. The organization ran a surplus of $943K, a strong 96% operating margin.

Mission

TO PROMOTE AND SERVE THE HAMDEN PUBLIC LIBRARY SYSTEM

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $963,030

Program Service Revenue $0

Investment Income $15,048

Other Revenue $0

TOTAL REVENUE $978,078

Expense Breakdown

Grants Paid $23,740

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,556

Other Expenses $11,632

TOTAL EXPENSES $35,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$978,078	$19,477	+49.2%
Expenses	$35,372	$19,488	+0.8%
Net Income	$942,706	$-11	-85701.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

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
MICHELE HOFFNUNG	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANITA BUCKMASTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON FOSTER	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
SUZANNE MATHESON	TREASURER	1.00	Officer Director	$0	$0	$0
PAT SIRULNICK	CORRESPONDING SECRETARY	1.00	Director	$0	$0	$0
MARY ANN QUINN	PAST PRESIDENT	1.00	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	$978,078	$35,372	$1,090,667	$942,706

FRIENDS OF THE HAMDEN LIBRARY