HARTFORD PUBLIC LIBRARY (EIN 066026029) - 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

1893

Legal Domicile

Principal Officer

BRIDGET E QUINN

Phone

8606956300

Tax Period

2024-07-01 to 2025-06-30

HARTFORD PUBLIC LIBRARY, founded in 1893, is a mid-sized nonprofit in the Education sector that reported $20.9M in total revenue in fiscal year 2024. The organization ran a surplus of $3.5M, a strong 17% operating margin.

Mission

PUBLIC LIBRARY

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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 $18,163,185

Program Service Revenue $77,165

Investment Income $1,851,153

Other Revenue $772,146

TOTAL REVENUE $20,863,649

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $0

Fundraising Expenses $422,719

Program Expenses $14,936,167

Other Expenses $17,319,204

TOTAL EXPENSES $17,327,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,863,649	$20,889,104	0.0%
Expenses	$17,327,204	$14,006,134	+0.2%
Net Income	$3,536,445	$6,882,970	-0.5%

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

N/A

Volunteers

155

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

$526,279

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BARRETT	CHAIR	2.00	Officer Director	$0	$0	$0
KAREN TAYLOR	VICE CHAIR	2.00	Officer Director	$0	$0	$0
STEVEN M HARRIS	SECRETARY	2.00	Officer Director	$0	$0	$0
RICK COSTELLO	TREASURER	2.00	Officer Director	$0	$0	$0
MELVYN COLON	DIRECTOR (UNTIL 10/31/24)	1.00	Director	$0	$0	$0
ANDREA COMER	DIRECTOR (UNTIL 10/31/24)	1.00	Director	$0	$0	$0
CARLOS GALDAMEZ	DIRECTOR	1.00	Director	$0	$0	$0
FLOYD W GREEN III	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE M HOPGOOD	DIRECTOR	1.00	Director	$0	$0	$0
SARA LASHETSKI	DIRECTOR	1.00	Director	$0	$0	$0
SARAH G NEEDHAM	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL P O'SHEA	DIRECTOR	1.00	Director	$0	$0	$0
MARK OVERMYER-VELAZQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS SHIKORA	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY SULLIVAN JR	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET SWEETLAND PATRICELLI	DIRECTOR	1.00	Director	$0	$0	$0
TYRONE WALKER	DIRECTOR	1.00	Director	$0	$0	$0
PATSY MUNDY	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET E QUINN	PRESIDENT AND CEO	40.00	Officer	$223,818	$83,652	$307,470
MARY TZAMBAZAKIS	CHIEF ADMINISTRATIVE OFFICER	40.00	Officer	$166,853	$51,956	$218,809
LETICIA COTTO	CUSTOMER EXPERIENCE OFFICER	40.00	Highest	$131,612	$67,188	$198,800
BRENDA MILLER	EXECUTIVE DIRECTOR CULTURE	40.00	Highest	$121,482	$64,745	$186,227
HOMA NAFICY	EXECUTIVE DIRECTOR AMERICAN PLACE	40.00	Highest	$121,162	$41,454	$162,616
MARIE JARRY	CHIEF OPERATING OFFICER	40.00	Highest	$118,888	$64,707	$183,595
KASHIF CHAUDHARY	IT AND FACILITIES DIRECTOR	40.00	Highest	$130,608	$67,113	$197,721

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	$20,863,649	$17,327,204	$63,751,233	$3,536,445
2024	$20,889,104	$14,006,134	$48,768,654	$6,882,970
2023	$16,930,009	$14,329,983	$39,910,488	$2,600,026
2022	$19,581,056	$13,094,334	$35,044,167	$6,486,722
2021	$13,759,255	$12,777,236	$32,661,761	$982,019
2020	$11,885,829	$11,725,933	$28,392,271	$159,896
2019	$3,945,707	$11,184,022	$27,710,245	$-7,238,315
2018	$17,105,232	$11,294,620	$34,227,290	$5,810,612

HARTFORD PUBLIC LIBRARY