NASSAU LIBRARY SYSTEM (EIN 111903822) - 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

1959

Legal Domicile

Phone

5162928920

Tax Period

2024-01-01 to 2024-12-31

NASSAU LIBRARY SYSTEM, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $12.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $11.2M left a modest 9% surplus.

Mission

To foster quality public library service in Nassau County, to enhance the public library resources and services available, to effect economies in operations, to provide training and continuing education opportunities.

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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 $5,433,058

Program Service Revenue $6,548,760

Investment Income $261,415

Other Revenue $41,715

TOTAL REVENUE $12,284,948

Expense Breakdown

Grants Paid $1,931,440

Salaries & Benefits $3,792,184

Fundraising Expenses $0

Program Expenses $10,107,026

Other Expenses $5,503,879

TOTAL EXPENSES $11,227,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,284,948	$10,599,230	+0.2%
Expenses	$11,227,503	$10,515,368	+0.1%
Net Income	$1,057,445	$83,862	+11.6%

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
CAROLINE ASHBY	DIRECTOR	35.00		$182,581	$77,289	$259,870
ROBERT DRAKE	ASSISTANT DIRECTOR	35.00		$165,898	$49,756	$215,654
NICOLE SCHERER	ASSISTANT DIRECTOR	35.00		$144,749	$44,918	$189,667
RENEE MCGRATH	MANAGER	35.00		$116,146	$64,617	$180,763
MORIA FLYNN	MANAGER	35.00		$111,380	$39,356	$150,736
JAMES MCHUGH	MANAGER	35.00		$107,404	$35,510	$142,914
CARL WILLIAMS	Trustee	2.00	Director	$0	$0	$0
GEORGE O WILLIAMS	Trustee	2.00	Director	$0	$0	$0
BILL KELLER	Trustee	2.00	Director	$0	$0	$0
LAURIE ROZAKIS	Trustee	2.00	Director	$0	$0	$0
PATRICIA MARS	Treasurer	2.00	Officer Director	$0	$0	$0
MONIQUE HARDIAL	Trustee	2.00	Director	$0	$0	$0
KATHLEEN MCDONOUGH-KOBBE	Secretary	2.00	Officer Director	$0	$0	$0
DEBORAH MABRY	Vice President	2.00	Officer Director	$0	$0	$0
JOHN SCAPARRO	President	2.00	Officer 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
2024	$12,284,948	$11,227,503	$15,960,819	$1,057,445
2023	$10,599,230	$10,515,368	$14,796,440	$83,862
2022	$10,925,313	$10,175,921	$15,617,009	$749,392
2021	$10,576,238	$9,602,672	$13,078,101	$973,566
2020	$9,599,972	$9,471,762	$12,925,074	$128,210

NASSAU LIBRARY SYSTEM