TIVOLI FREE LIBRARY (EIN 141406349) - 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

1920

Legal Domicile

Phone

8457573771

Tax Period

2023-01-01 to 2023-12-31

TIVOLI FREE LIBRARY, founded in 1920, is a small nonprofit that reported $242K in total revenue in fiscal year 2023. Expenses of $221K left a modest 9% surplus.

Mission

The mission of the Tivoli Free Library is two-fold: To facilitate lifelong learning and self education for the members of the surrounding community and to encourage young children and families to develop an ongoing interest in reading and learning.

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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 $223,044

Program Service Revenue $1,375

Investment Income $17,949

Other Revenue $0

TOTAL REVENUE $242,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,103

Fundraising Expenses $1,807

Program Expenses $149,671

Other Expenses $64,889

TOTAL EXPENSES $220,992

Year-over-Year Comparison

	2023	2022	Change
Revenue	$242,368	$227,457	+0.1%
Expenses	$220,992	$204,472	+0.1%
Net Income	$21,376	$22,985	-0.1%

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

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

$51,543

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE DELPRIORE	Executive Dir.	40.00	Director	$51,543	$0	$51,543
MARY CHANG	Trustee	0.00	Director	$0	$0	$0
LAURA GAIL TYLER	President	0.00	Officer Director	$0	$0	$0
APRIL MARSH	Trustee	0.00	Director	$0	$0	$0
JEANETTE CANADAY	Trustee	0.00	Director	$0	$0	$0
LEIGH PALMER	President	0.00	Officer Director	$0	$0	$0
LISA SCHWARZBAUM	Vice President	0.00	Director	$0	$0	$0
DEBORAH BENSON	Treasurer	0.00	Director	$0	$0	$0
JOSEPH CAMPISI	Vice President	0.00	Officer Director	$0	$0	$0
ANDY REED	Trustee	0.00	Director	$0	$0	$0
HILDEGARD EDLING	Secretary	0.00	Officer Director	$0	$0	$0
KATIE CULP	Trustee	0.00	Director	$0	$0	$0
DANIELE CORDIER	Trustee	0.00	Director	$0	$0	$0
GAUTAM SETHI	Treasurer	0.00	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
2023	$242,368	$220,992	$485,860	$21,376
2022	$227,457	$204,472	$462,745	$22,985
2021	$236,942	$189,078	$439,761	$47,864
2020	$224,855	$201,510	$391,897	$23,345
2019	$219,303	$189,588	$368,551	$29,715
2018	$223,410	$188,092	$338,836	$35,318

TIVOLI FREE LIBRARY