PURCHASE FREE LIBRARY (EIN 132583205) - 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

1928

Legal Domicile

Principal Officer

ROBERTA HOFFBERG

Phone

9149480550

Tax Period

2024-01-01 to 2024-12-31

PURCHASE FREE LIBRARY, founded in 1928, is a small nonprofit that reported $295K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $64K, a strong 22% operating margin.

Mission

PROVIDE RESEARCH ASSISTANCE, BOOKS, PERIODICALS AND OTHER MEDIA TO THE PUBLIC AT NO CHARGE.

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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 $295,000

Program Service Revenue $0

Investment Income $0

Other Revenue $25

TOTAL REVENUE $295,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,945

Fundraising Expenses $3,507

Program Expenses $28,721

Other Expenses $107,973

TOTAL EXPENSES $230,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$295,025	$250,013	+0.2%
Expenses	$230,918	$262,113	-0.1%
Net Income	$64,107	$-12,100	-6.3%

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

N/A

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
DIANE RUBINO	TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL KOVENS	TRUSTEE	5.00	Director	$0	$0	$0
LORI PRISCO	TRUSTEE	5.00	Director	$0	$0	$0
ROBERTA HOFFBERG	PRESIDENT	5.00	Officer	$0	$0	$0
JANINE GRESHAM	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MENGFEI CAI	TREASURER	5.00	Officer	$0	$0	$0
KARL RAHENKAMP	SECRETARY	5.00	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
2024	$295,025	$230,918	$339,915	$64,107
2023	$250,013	$258,166	$275,834	$-8,153
2022	$246,300	$249,828	$283,987	$-3,528
2021	$242,149	$225,208	$287,515	$16,941
2020	$247,291	$236,795	$270,574	$10,496
2019	$233,126	$262,762	$260,078	$-29,636

PURCHASE FREE LIBRARY