FRIENDS OF THE SHELTER ISLAND PUBLIC LIBRARY SOCIETY INC (EIN 112966651) - 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

1989

Legal Domicile

Principal Officer

LISA RICHLAND

Phone

6317490405

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE SHELTER ISLAND PUBLIC LIBRARY SOCIETY INC, founded in 1989, is a micro nonprofit that reported $61K in total revenue in fiscal year 2023. Expenses of $72K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO RAISE MONEY TO HELP SUPPORT THE SHELTER ISLAND 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 (2023)

Revenue Breakdown

Contributions & Grants $25,615

Program Service Revenue $23,209

Investment Income $11,690

Other Revenue $0

TOTAL REVENUE $60,514

Expense Breakdown

Grants Paid $51,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,004

Other Expenses $20,129

TOTAL EXPENSES $71,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,514	$59,716	+0.0%
Expenses	$71,629	$29,336	+1.4%
Net Income	$-11,115	$30,380	-1.4%

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

N/A

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
EDWARD BRENNAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHRISTOPHER CAREY	TRUSTEE	N/A	Director	$0	$0	$0
JENNIFER COUGHLIN	TRUSTEE	N/A	Director	$0	$0	$0
KIMBERLY CURKO	TRUSTEE	N/A	Director	$0	$0	$0
JULIE FANELLI-DENNY	TRUSTEE	N/A	Director	$0	$0	$0
JUDITH LECHMANSKI	SECRETARY	N/A	Officer Director	$0	$0	$0
LORA LOMUSCIO	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TERRY LUCAS	LIBRARY DIRE	N/A	Officer Director	$0	$0	$0
MAURA MCGLOIN	TRUSTEE	N/A	Director	$0	$0	$0
LISA RICHLAND	TREASURER	N/A	Officer Director	$0	$0	$0
VANESSA ROTH	TRUSTEE	N/A	Director	$0	$0	$0
ANDREW WARD	TRUSTEE	N/A	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	No data	No data	No data	No data
2023	$60,514	$71,629	$501,965	$-11,115
2022	$59,716	$29,336	$524,169	$30,380
2021	$58,327	$29,385	$570,432	$28,942
2020	$44,480	$20,373	$513,070	$24,107

FRIENDS OF THE SHELTER ISLAND PUBLIC LIBRARY SOCIETY INC