FRIENDS OF GARDEN CITY LIBRARY INC

EIN: 116024623 501(c)(3) Education

GARDEN CITY, NY

Total Revenue
$38,824
Total Expenses
$43,762
Total Assets
$297,280
Net Assets
$297,280
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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
1951
Legal Domicile
NY
Principal Officer
MARY ANN GARRETT
Phone
5162481212
Tax Period
2019-06-01 to 2020-05-31

FRIENDS OF GARDEN CITY LIBRARY INC, founded in 1951, is a micro nonprofit in the Education sector that reported $39K in total revenue in fiscal year 2019. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE SERVICES AND FUNDING FOR VARIOUS PROGRAMS ORGANIZED BY THE GARDEN CITY 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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $22,843
Program Service Revenue $14,153
Investment Income $1,828
Other Revenue $0
TOTAL REVENUE $38,824

Expense Breakdown

Grants Paid $172
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,027
Other Expenses $43,590
TOTAL EXPENSES $43,762

Year-over-Year Comparison

2019 2018 Change
Revenue $38,824 $55,676 -0.3%
Expenses $43,762 $51,185 -0.1%
Net Income $-4,938 $4,491 -2.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
5

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY MINETT PRESIDENT 0.5
Officer
$0 $0 $0
EVELYN FASANO VICE PRESIDENT 0.5
Officer
$0 $0 $0
ROSEMARY LONG SECRETARY 0.5
Officer
$0 $0 $0
MARY ANN GARRETT TREASURER 0.5
Officer
$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
2020 $38,824 $43,762 $297,280 $-4,938
2019 $55,676 $51,185 $302,218 $4,491
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