THE QUEENS LIBRARY FOUNDATION INC (EIN 113009405) - 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

1988

Legal Domicile

Phone

7189900700

Tax Period

2024-07-01 to 2025-06-30

THE QUEENS LIBRARY FOUNDATION INC, founded in 1988, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 23% operating margin.

Mission

THE FOUNDATION RAISES FUNDS FROM FDN CORPORATIONS AND PRIVATE INDIVIDUALS TO SUPPORT THE TENS OF THOUSANDS OF FREE PROGRAMS AND SERVICES OFFERED BY QUEENS 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 $4,255,365

Program Service Revenue $0

Investment Income $1,400,229

Other Revenue $0

TOTAL REVENUE $5,655,594

Expense Breakdown

Grants Paid $2,957,577

Salaries & Benefits $900,769

Fundraising Expenses $1,079,053

Program Expenses $2,957,577

Other Expenses $334,993

TOTAL EXPENSES $4,361,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,655,594	$3,441,111	+0.6%
Expenses	$4,361,839	$3,759,730	+0.2%
Net Income	$1,293,755	$-318,619	-5.1%

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

N/A

Volunteers

341

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

$566,192

Total Directors

$352,168

Key Employees

$1,274,769

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUAN SANTIAGO	BOARD SECRETARY	2.0	Officer Director	$0	$0	$0
PAULA KIRBY	BOARD VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
PAULINE HEALY	BOARD TREASURER THRU 12/2024	2.0	Officer Director	$0	$0	$0
STEVEN SCHNEEBAUM	BOARD TREASURER AS OF 03/12/2025	2.0	Officer Director	$0	$0	$0
WANDA CHIN	BOARD PRESIDENT	5.0	Officer Director	$0	$0	$0
ASHLEY HITCHINGS	DIRECTOR AS OF 12/11/2024	1.0	Director	$0	$0	$0
CARL S KOERNER ESQ	DIRECTOR	1.0	Director	$0	$0	$0
DENNIS WALCOTT	DIRECTOR	10.0	Director	$87,260	$3,127	$352,168
EARL G SIMONS	DIRECTOR THRU 12/2024	1.0	Director	$0	$0	$0
ELI SHAPIRO ED D LCSW	DIRECTOR AS OF 01/01/2025	1.0	Director	$0	$0	$0
ERIC GIOIA	DIRECTOR	1.0	Director	$0	$0	$0
EUGENE A PETRACCA JR	DIRECTOR	1.0	Director	$0	$0	$0
HECTOR HERRERA	DIRECTOR	1.0	Director	$0	$0	$0
MICHELLE STODDART	DIRECTOR	1.0	Director	$0	$0	$0
NADEEM KILANI	DIRECTOR	1.0	Director	$0	$0	$0
RICHARD DAVID	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT J HARDEN	DIRECTOR AS OF 03/12/2025	1.0	Director	$0	$0	$0
TERRI THOMSON	DIRECTOR AS OF 01/01/2025	1.0	Director	$0	$0	$0
TESS SHIH	DIRECTOR AS OF 06/11/2025	1.0	Director	$0	$0	$0
TRAVIS HUNGREDER	DIRECTOR	1.0	Director	$0	$0	$0
VINCENT ARCURI JR	DIRECTOR	1.0	Director	$0	$0	$0
STEPHEN MACK	CFO & SVP THRU 04/23/2025	2.0	Officer	$12,752	$64,213	$319,261
SUSAN LATHAM	EXECUTIVE DIRECTOR, QLF	36.0	Officer	$170,237	$57,779	$246,931
GITTE PENG	COS & SVP	8.0	Key Emp	$49,362	$47,962	$294,773
JUSTIN DEABLER ESQ	GENERAL COUNSEL & SVP	2.0	Key Emp	$11,459	$60,627	$289,801
NICK BURON	CHIEF LIBRARIAN & SVP	1.6	Key Emp	$10,205	$80,143	$335,262
SUNG KIM	COO & SVP	0.8	Key Emp	$5,439	$82,999	$354,933

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	$5,655,594	$4,361,839	$27,339,730	$1,293,755
2024	$3,441,111	$3,759,730	$24,372,863	$-318,619
2023	$2,744,295	$4,667,087	$22,275,764	$-1,922,792
2022	$4,902,562	$3,725,847	$22,489,630	$1,176,715
2021	$2,851,185	$2,848,417	$24,617,161	$2,768
2020	$3,364,668	$3,506,352	$20,578,982	$-141,684
2019	$2,493,647	$3,373,458	$19,385,535	$-879,811
2018	$4,202,758	$3,110,678	$19,885,767	$1,092,080

THE QUEENS LIBRARY FOUNDATION INC