New Haven Free Public Library Foundation Incorporated (EIN 061283798) - 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

2003

Legal Domicile

Principal Officer

Mary Ellen Savage

Phone

2039468139

Tax Period

2024-07-01 to 2025-06-30

New Haven Free Public Library Foundation Incorporated, founded in 2003, is a small nonprofit in the Education sector that reported $677K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 286% operating deficit.

Mission

To work collaboratively with the New Haven Free Public Library to raise funds to support major initiatives and innovative projects that enhance the services of the Library to the residents of New Haven.

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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 $614,571

Program Service Revenue $0

Investment Income $14,242

Other Revenue $47,825

TOTAL REVENUE $676,638

Expense Breakdown

Grants Paid $2,477,200

Salaries & Benefits $100,842

Fundraising Expenses $12,363

Program Expenses $2,579,502

Other Expenses $32,873

TOTAL EXPENSES $2,610,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$676,638	$2,327,599	-0.7%
Expenses	$2,610,915	$255,179	+9.2%
Net Income	$-1,934,277	$2,072,420	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Ellen Savage	President	1.00	Officer Director	$0	$0	$0
Sean C Koehler	Vice President	0.00	Officer Director	$0	$0	$0
Thomas M Haskell	Treasurer	0.00	Officer Director	$0	$0	$0
Fran DeToro	Director	0.00	Director	$0	$0	$0
Garrett Sheehan	Director	0.00	Director	$0	$0	$0
Sarah Berkman Ficca	Director	0.00	Director	$0	$0	$0
Lindy Lee Gold	Director	0.00	Director	$0	$0	$0
Tina C Weiner	Director	0.00	Director	$0	$0	$0
Jennifer Coggins	Director	0.00	Director	$0	$0	$0
Caroline Tanbee Smith	Director	0.00	Director	$0	$0	$0
Al Bhatt	Director	0.00	Director	$0	$0	$0
Barbara Segaloff	Director	0.00	Director	$0	$0	$0
Samantha Williams	Director	0.00	Director	$0	$0	$0
Raquel Santiago-Martinez	Director	0.00	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	$676,638	$2,610,915	$441,757	$-1,934,277
2024	$2,327,599	$255,179	$2,376,034	$2,072,420
2023	$391,733	$1,320,007	$303,614	$-928,274
2022	$488,211	$1,391,426	$1,231,888	$-903,215
2021	$833,545	$755,156	$2,135,103	$78,389
2020	$531,024	$343,315	$2,056,714	$187,709
2019	$1,031,802	$243,241	$1,865,624	$788,561

New Haven Free Public Library Foundation Incorporated