BROOKLYN PUBLIC LIBRARY (EIN 111904261) - 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

1902

Legal Domicile

Principal Officer

LINDA E JOHNSON

Phone

7182302165

Tax Period

2023-07-01 to 2024-06-30

BROOKLYN PUBLIC LIBRARY, founded in 1902, is a major nonprofit in the Education sector that reported $168.0M in total revenue in fiscal year 2023. Expenses of $160.3M left a modest 5% surplus.

Mission

IT IS THE MISSION OF THE LIBRARY TO ENSURE THE PRESERVATION AND TRANSMISSION OF (SEE SCHEDULE O) SOCIETY'S KNOWLEDGE, HISTORY AND CULTURE, AND TO PROVIDE THE PEOPLE OF BROOKLYN WITH FREE AND OPEN ACCESS TO INFORMATION FOR EDUCATION, RECREATION AND REFERENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $164,166,794

Program Service Revenue $859,374

Investment Income $1,462,028

Other Revenue $1,527,684

TOTAL REVENUE $168,015,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,451,634

Fundraising Expenses $5,426,598

Program Expenses $140,845,811

Other Expenses $44,818,550

TOTAL EXPENSES $160,270,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,015,880	$163,152,905	+0.0%
Expenses	$160,270,184	$164,328,930	0.0%
Net Income	$7,745,696	$-1,176,025	-7.6%

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

1612

Volunteers

1124

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

$1,338,896

Total Directors

Key Employees

$306,984

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDAN D BAROWITZ	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANTHONY CROWELL ESQ	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NINA COLLINS	CHAIR	2.00	Officer Director	$0	$0	$0
HONORABLE ALICE FISHER RUBIN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL LIBURD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SANDRA J SCHUBERT	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINA TETTONIS	TRUSTEE	2.00	Director	$0	$0	$0
MADELINE CARSON	TRUSTEE	2.00	Director	$0	$0	$0
HANK GUTMAN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL BEST	TRUSTEE - UNTIL 09/2023	2.00	Director	$0	$0	$0
PATRICK TRAIN-GUTIERREZ	TRUSTEE	2.00	Director	$0	$0	$0
BLAKE FOOTE	TRUSTEE - UNTIL 02/2024	2.00	Officer Director	$0	$0	$0
CASSANDRA METZ	TRUSTEE	2.00	Officer Director	$0	$0	$0
BARATUNDE THURSTON	TRUSTEE	2.00	Director	$0	$0	$0
TIMOTHY J INGRASSIA	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAVID WOMACK	TRUSTEE	2.00	Director	$0	$0	$0
RANDY PEERS	TRUSTEE - FROM 6/2024	2.00	Director	$0	$0	$0
ERIN TEXEIRA	TRUSTEE	2.00	Director	$0	$0	$0
JASON OTANO	TRUSTEE - FROM 03/2024	2.00	Director	$0	$0	$0
JERRY LEE	TRUSTEE - FROM 11/2023	2.00	Director	$0	$0	$0
NIKOLE HANNAH-JONES	TRUSTEE	2.00	Director	$0	$0	$0
DOMINIC WILLIAMS	TRUSTEE - FROM 10/2021	2.00	Director	$0	$0	$0
JOSE CLAXTON	TRUSTEE	2.00	Director	$0	$0	$0
DEWAYNE LOUIS	TRUSTEE	2.00	Director	$0	$0	$0
EDDIE JOYCE	TRUSTEE	2.00	Director	$0	$0	$0
PETER ASCHKENASY	TRUSTEE	2.00	Director	$0	$0	$0
SARAH MALLORY	TRUSTEE	2.00	Director	$0	$0	$0
CLAIRE HOFFMAN	TRUSTEE	2.00	Director	$0	$0	$0
JOHARI JENKINS-TAYLOR	TRUSTEE	2.00	Director	$0	$0	$0
MIRIAM E KATOWITZ	SECRETARY	2.00	Director	$0	$0	$0
STEVE MEI	TRUSTEE	2.00	Director	$0	$0	$0
TAI DANMOLA	TRUSTEE	2.00	Director	$0	$0	$0
ZOCHITL GONZALEZ	TRUSTEE	2.00	Director	$0	$0	$0
LINDA E JOHNSON	PRESIDENT & CEO	35.00	Officer	$634,931	$49,542	$684,473
NICHOLAS L HIGGINS	CHIEF LIBRARIAN	35.00	Officer	$247,916	$65,113	$313,029
KAREN M SHEEHAN	EVP FINANCE/CFO	35.00	Officer	$271,579	$69,815	$341,394
DAVID WOLOCH	EVP OF EXTERNAL AFFAIRS	35.00	Key Emp	$252,659	$54,325	$306,984
LASZLO J ORSOS	VP OF ARTS AND CULTURE	35.00	Highest	$251,323	$46,718	$298,041
SELVON SMITH	VP OF INFORMATION TECHNOLO	35.00	Highest	$214,655	$56,403	$271,058
ALEXANDRA MAYERS	CHIEF DEVELOPMENT OFFICER	35.00	Highest	$226,367	$51,569	$277,936
AMADU WAGIE	VP OF FINANCE	35.00	Highest	$228,021	$62,792	$290,813
LACHONNE P WALTON	VP OF HUMAN RESOURCES	35.00	Highest	$236,943	$21,031	$257,974

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	$168,015,880	$160,270,184	$226,912,503	$7,745,696
2023	$163,152,905	$164,328,930	$209,539,851	$-1,176,025
2022	$179,417,090	$143,929,817	$192,375,966	$35,487,273
2021	$166,940,184	$138,877,460	$190,713,807	$28,062,724
2020	$168,058,461	$145,221,227	$174,473,766	$22,837,234
2019	$160,226,631	$145,022,554	$151,150,709	$15,204,077
2018	$142,965,809	$136,716,054	$137,401,453	$6,249,755

BROOKLYN PUBLIC LIBRARY