Monroe Free Library (EIN 141395451) - 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

1908

Legal Domicile

Phone

8457834411

Tax Period

2023-01-01 to 2023-12-31

Monroe Free Library, founded in 1908, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 6% surplus.

Mission

The Organization began its operations in 1908 to provide the educational and cultural needs of the community. The Library also provides literacy, educational and cultural events.

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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 $1,463,328

Program Service Revenue $10,495

Investment Income $35,176

Other Revenue $0

TOTAL REVENUE $1,508,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,024,475

Fundraising Expenses $15,012

Program Expenses $1,110,611

Other Expenses $390,418

TOTAL EXPENSES $1,414,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,508,999	$1,431,127	+0.1%
Expenses	$1,414,893	$1,424,837	0.0%
Net Income	$94,106	$6,290	+14.0%

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

$98,633

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patricia Shanley	President	10.00	Officer	$0	$0	$0
Carol Connell Cannon	Vice President	3.00	Officer	$0	$0	$0
Casey Auerbach	Treasurer	3.00	Officer	$0	$0	$0
Diane Egan	Secretary	3.00	Officer	$0	$0	$0
Nucula Brown	Trustee	3.00	Director	$0	$0	$0
Nedda Tichi	Trustee	3.00	Director	$0	$0	$0
John Fontana	Trustee	3.00	Director	$0	$0	$0
Theresa Schommer	Trustee	3.00	Director	$0	$0	$0
Susan Tomaski	Trustee	3.00	Director	$0	$0	$0
David Joye	Trustee	3.00	Director	$0	$0	$0
Amanda Primiano	Executive Director	35.00	Key Emp	$98,633	$0	$98,633

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	$1,508,999	$1,414,893	$3,363,001	$94,106
2022	$1,431,127	$1,424,837	$3,166,235	$6,290
2021	$1,584,662	$1,433,267	$3,208,307	$151,395
2020	$1,529,565	$1,528,050	$3,144,035	$1,515
2019	$1,433,154	$1,432,782	$3,196,424	$372
2018	$1,361,437	$1,385,054	$3,227,259	$-23,617

Monroe Free Library