THE NEW ROCHELLE PUBLIC LIBRARY FO… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

RODERIC ROLETT

Phone

9146327878

Tax Period

2024-07-01 to 2025-06-30

THE NEW ROCHELLE PUBLIC LIBRARY FOUNDATION INC, founded in 1993, is a small nonprofit that reported $247K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $286K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE NEW ROCHELLE PUBLIC LIBRARY FOUNDATION, A NON-PROFIT ORGANIZATION, RAISES RESOURCES AND PROVIDES ADVOCACY, TO KEEP THE NEW ROCHELLE PUBLIC LIBRARY VIBRANT, UP TO DATE AND ABLE TO SERVE THE DIVERSE NEEDS OF THE NEW ROCHELLE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $204,813

THE FOUNDATION PROVIDES GRANTS TO THE NEW ROCHELLE PUBLIC LIBRARY TO HELP SPONSOR THEIR INITIATIVES.

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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 $27,071

Program Service Revenue $0

Investment Income $133,168

Other Revenue $86,284

TOTAL REVENUE $246,523

Expense Breakdown

Grants Paid $204,813

Salaries & Benefits $42,015

Fundraising Expenses $0

Program Expenses $204,813

Other Expenses $39,082

TOTAL EXPENSES $285,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,523	$535,888	-0.5%
Expenses	$285,910	$243,843	+0.2%
Net Income	$-39,387	$292,045	-1.1%

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

Volunteers

N/A

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
RODERIC ROLETT	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
STEPHANIE TOMEI	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNN GREEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOAN F CLARKE	TREASURER	2.00	Officer Director	$0	$0	$0
CHERYL ARCHBALD	SECRETARY	2.00	Officer Director	$0	$0	$0
RODERIC ROLETT	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
AMY BASS	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE MARGOT DEMUS	DIRECTOR	2.00	Director	$0	$0	$0
JUDITH FACTOR	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY C IDONI	DIRECTOR	2.00	Director	$0	$0	$0
ERIN HARRELL	DIRECTOR	2.00	Director	$0	$0	$0
THERESA KUMP LEGHORN	DIRECTOR	2.00	Director	$0	$0	$0
LORI MORROW	DIRECTOR	2.00	Director	$0	$0	$0
DERRICK OWENS	DIRECTOR	2.00	Director	$0	$0	$0
LUCIA SPEIGHT	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE NEWMAN	DIRECTOR	2.00	Director	$0	$0	$0
SHARON E WEEKS	DIRECTOR	2.00	Director	$0	$0	$0
MICA WILSON	DIRECTOR	2.00	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	$246,523	$285,910	$4,611,798	$-39,387
2024	No data	No data	No data	No data
2023	$208,724	$331,340	$3,576,893	$-122,616
2022	$281,150	$219,529	$3,431,024	$61,621
2021	$169,844	$174,388	$3,844,928	$-4,544
2020	$826,321	$220,568	$3,210,888	$605,753
2019	$289,070	$231,794	$2,544,263	$57,276
2018	$161,247	$150,925	$2,391,403	$10,322

THE NEW ROCHELLE PUBLIC LIBRARY FOUNDATION INC