BEDFORD FREE LIBRARY (EIN 131739918) - 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

1950

Legal Domicile

Principal Officer

TED EIGEL

Phone

9142343570

Tax Period

2023-01-01 to 2023-12-31

BEDFORD FREE LIBRARY, founded in 1950, is a small nonprofit that reported $595K in total revenue in fiscal year 2023. Net assets of $3.2M represent 66 months of operating reserves.

Mission

PROVIDE PUBLIC LIBRARY SERVICES

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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 $544,228

Program Service Revenue $0

Investment Income $47,146

Other Revenue $3,270

TOTAL REVENUE $594,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $404,699

Fundraising Expenses $0

Program Expenses $624,451

Other Expenses $219,752

TOTAL EXPENSES $624,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$594,644	$553,612	+0.1%
Expenses	$624,451	$632,288	0.0%
Net Income	$-29,807	$-78,676	-0.6%

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

Volunteers

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

$109,635

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT HARRISON	PRESIDENT	5.00	Officer Director	$0	$0	$0
TED EIGEL	TREASURER	3.00	Officer Director	$0	$0	$0
OLIVIA PETERS	SECRETARY	3.00	Officer Director	$0	$0	$0
COLLEEN GELFAND	V.P.	3.00	Officer Director	$0	$0	$0
CAROLINE DEFILIPPO	TRUSTEE	1.00	Director	$0	$0	$0
ARTIKA LOGANATHAN	TRUSTEE	1.00	Director	$0	$0	$0
ALISON TODD	TRUSTEE	1.00	Director	$0	$0	$0
ANN CLOONAN	DIRECTOR	35.00	Key Emp	$109,635	$0	$109,635

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	$594,644	$624,451	$3,248,988	$-29,807
2022	$553,612	$632,288	$3,017,253	$-78,676
2021	$592,103	$539,557	$3,400,530	$52,546

BEDFORD FREE LIBRARY