THE QUEENS BOROUGH PUBLIC LIBRARY (EIN 111904262) - 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

1907

Legal Domicile

Phone

7189900700

Tax Period

2024-07-01 to 2025-06-30

THE QUEENS BOROUGH PUBLIC LIBRARY, founded in 1907, is a major nonprofit in the Education sector that reported $171.7M in total revenue in fiscal year 2024. Expenses of $157.3M left a modest 8% surplus.

Mission

QUEENS LIBRARY TRANSFORMS LIVES BY CULTIVATING PERSONAL AND INTELLECTUAL GROWTH AND BY BUILDING STRONG COMMUNITIES.

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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 $167,145,658

Program Service Revenue $643,790

Investment Income $3,775,845

Other Revenue $150,567

TOTAL REVENUE $171,715,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,560,992

Fundraising Expenses $486,087

Program Expenses $137,513,481

Other Expenses $32,762,823

TOTAL EXPENSES $157,323,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$171,715,860	$161,537,371	+0.1%
Expenses	$157,323,815	$144,758,159	+0.1%
Net Income	$14,392,045	$16,779,212	-0.1%

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

1543

Volunteers

646

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

$1,946,198

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELI SHAPIRO ED D LCSW	VICE CHAIR THRU JAN 2025/CHAIR AS OF JAN 2025	5.0	Officer Director	$0	$0	$0
MATTHEW GORTON	SECRETARY THRU JAN 2025/VICE CHAIR AS OF JAN 2025	5.0	Officer Director	$0	$0	$0
PAULINE HEALY	TREASURER THRU JAN 2025/SECRETARY AS OF JAN 2025	5.0	Officer Director	$0	$0	$0
SELINA LEE	ASSISTANT TREASURER AS OF JAN 2025	2.0	Officer Director	$0	$0	$0
TERRI THOMSON	ASSISTANT TREASURER THRU JAN 2025/TREASURER AS OF JAN 2025	5.0	Officer Director	$0	$0	$0
ALEXANDRIA SUMPTER-DELVES	TRUSTEE AS OF AUG 2024	2.0	Director	$0	$0	$0
ANDREW JACKSON	TRUSTEE	2.0	Director	$0	$0	$0
CARL S KOERNER ESQ	TRUSTEE	5.0	Director	$0	$0	$0
CLOYETTE HARRIS-STOUTE	TRUSTEE	2.0	Director	$0	$0	$0
EARL G SIMONS	TRUSTEE	5.0	Director	$0	$0	$0
GEORGE RUSSO ESQ	TRUSTEE	2.0	Director	$0	$0	$0
GUILLERMO PATINO	TRUSTEE	2.0	Director	$0	$0	$0
JAMES HADDAD ESQ	TRUSTEE	2.0	Director	$0	$0	$0
JAMIE LEE	TRUSTEE	2.0	Director	$0	$0	$0
JOHANNA CARMONA ESQ	TRUSTEE AS OF AUG 2024	2.0	Director	$0	$0	$0
JULISSA GUTIERREZ	TRUSTEE	2.0	Director	$0	$0	$0
LYDON SLEEPER-O'CONNELL	TRUSTEE	2.0	Director	$0	$0	$0
MICHELLE MIAO	TRUSTEE	2.0	Director	$0	$0	$0
PETER KAUFFMANN	TRUSTEE	2.0	Director	$0	$0	$0
DENNIS WALCOTT	PRESIDENT & CEO	30.0	Officer	$261,781	$3,127	$352,168
GITTE PENG	COS & SVP	32.0	Officer	$197,449	$47,962	$294,773
JUSTIN DEABLER ESQ	GENERAL COUNSEL & SVP	38.0	Officer	$217,715	$60,627	$289,801
NICK BURON	CHIEF LIBRARIAN & SVP	38.4	Officer	$244,914	$80,143	$335,262
STEPHEN MACK	CFO & SVP THRU 04/23/2025	38.0	Officer	$242,296	$64,213	$319,261
SUNG KIM	COO & SVP	39.2	Officer	$266,495	$82,999	$354,933
ANDREW WEDMORE	LABOR COUNSEL & DIRECTOR, LABOR & EMPLOYEE RELATIONS	40.0	Highest	$207,758	$65,788	$273,546
JACQUELINE MARTINEZ	VP OF HUMAN RESOURCES	40.0	Highest	$208,709	$38,277	$246,986
JOSEPH SIMMONS	DESKTOP SUPP. & OP. COORDINATOR	40.0	Highest	$215,094	$70,149	$285,243
LAWRENCE VEDILAGO	VP, RISK MANAGEMENT	40.0	Highest	$218,666	$72,790	$291,456
WILLIAM GOLDBAND	VP, ITD	40.0	Highest	$215,346	$81,936	$297,282

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	$171,715,860	$157,323,815	$163,401,740	$14,392,045
2024	$161,537,371	$144,758,159	$148,108,683	$16,779,212
2023	$163,598,244	$148,881,415	$132,320,213	$14,716,829
2022	$147,563,186	$133,255,451	$113,600,885	$14,307,735
2021	$143,591,059	$129,759,310	$110,452,645	$13,831,749
2020	$149,149,285	$147,583,089	$91,196,868	$1,566,196
2019	$138,228,269	$135,923,553	$89,295,882	$2,304,716
2018	$132,215,810	$128,878,936	$92,270,052	$3,336,874

THE QUEENS BOROUGH PUBLIC LIBRARY