FRIENDS OF THE GLADYS E KELLY PUBLIC LIBRARY INC (EIN 141930471) - 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

2005

Principal Officer

PAUL LAFRAMBOISE

Phone

5089438586

Tax Period

2023-06-01 to 2024-05-31

FRIENDS OF THE GLADYS E KELLY PUBLIC LIBRARY INC, founded in 2005, is a small nonprofit in the Education sector that reported $112K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $131K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE PURPOSE OF THE FRIENDS OF THE GLADYS E. KELLY PUBLIC LIBRARY, INC,. IS TO FURTHER THE NEEDS AND OBJECTIVES OF THE LIBRARY FOR THE USE BY THE WEBSTER TOWN RESIDENTS.

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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 $88,014

Program Service Revenue $0

Investment Income $23,583

Other Revenue $0

TOTAL REVENUE $111,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,886

Other Expenses $131,444

TOTAL EXPENSES $131,444

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,597	$123,968	-0.1%
Expenses	$131,444	$127,079	+0.0%
Net Income	$-19,847	$-3,111	+5.4%

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

N/A

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
SUSAN BUEHLER	DIRECTOR	5.00	Director	$0	$0	$0
ALLISON CARACENI	VICE PRESIDE	4.00	Director	$0	$0	$0
ELIZABETH PROCTOR GRAY	SECRETARY	3.00	Officer Director	$0	$0	$0
JUDITH KEEGAN	DIRECTOR	3.00	Director	$0	$0	$0
PAUL LAFRAMBOISE	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA NECTOW	TREASURER	10.00	Officer Director	$0	$0	$0
ANNE MARIE PALERMO	DIRECTOR	3.00	Director	$0	$0	$0
STEVEN PLACE	DIRECTOR	1.00	Officer Director	$0	$0	$0
ROBIN RIVER	DIRECTOR	3.00	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	No data	No data	No data	No data
2024	$111,597	$131,444	$1,926,644	$-19,847
2023	$123,968	$127,079	$1,678,776	$-3,111
2022	$95,685	$108,143	$1,668,833	$-12,458
2021	$81,165	$79,122	$1,804,304	$2,043
2020	$529,631	$80,407	$1,429,251	$449,224

FRIENDS OF THE GLADYS E KELLY PUBLIC LIBRARY INC