CROTON FREE LIBRARY (EIN 131739949) - 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

1946

Legal Domicile

Principal Officer

Jesse Bourdon

Phone

9142716612

Tax Period

2023-07-01 to 2024-06-30

CROTON FREE LIBRARY, founded in 1946, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Net assets of $2.7M represent 31 months of operating reserves.

Mission

INCORPORATED IN 1946 FOR THE PURPOSE OF PROVIDING THE VILLAGE OF CROTON-ON-HUDSON WITH ACCESS TO 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 $1,025,582

Program Service Revenue $2,706

Investment Income $42,136

Other Revenue $0

TOTAL REVENUE $1,070,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $711,982

Fundraising Expenses $0

Program Expenses $836,866

Other Expenses $354,178

TOTAL EXPENSES $1,066,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,070,424	$1,246,601	-0.1%
Expenses	$1,066,160	$1,082,058	0.0%
Net Income	$4,264	$164,543	-1.0%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN RANIS	PRESIDENT	1	Officer Director	$0	$0	$0
JUSTIN JOHNSON	VICE-PRESIDENT	1	Officer Director	$0	$0	$0
LAURA JAEGER	SECRETARY	1	Officer Director	$0	$0	$0
BARRY FEINBERG	TREASURER	1	Officer Director	$0	$0	$0
BETHANY BASILE	MEMBER	1	Director	$0	$0	$0
ADAM DECKER	MEMBER	1	Director	$0	$0	$0
LESLIE ELLIS	MEMBER	1	Director	$0	$0	$0
KATE FABIAN	MEMBER	1	Director	$0	$0	$0
MAYLA HSU	MEMBER	1	Director	$0	$0	$0
MARGARET MAHONEY	MEMBER	1	Director	$0	$0	$0
MARIANNE MEROLA	MEMBER	1	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
2025	No data	No data	No data	No data
2024	$1,070,424	$1,066,160	$2,750,998	$4,264
2023	$1,246,601	$1,082,058	$2,599,623	$164,543
2022	$859,775	$1,010,220	$2,458,628	$-150,445
2021	$1,317,566	$954,717	$2,594,943	$362,849

CROTON FREE LIBRARY