PHOENICIA LIBRARY ASSOCIATION (EIN 146013687) - 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

1959

Legal Domicile

Principal Officer

BERNARD HANDZEL

Tax Period

2023-01-01 to 2023-12-31

PHOENICIA LIBRARY ASSOCIATION, founded in 1959, is a small nonprofit in the Education sector that reported $252K in total revenue in fiscal year 2023. Expenses of $303K exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVIDE FREE LIBRARY SERVICES TO THE RESIDENTS OF THE TOWN OF SHANDAKEN AND TO MEMBERS OF THE ASSOICATION REGARDLESS OF RESIDENCE. THIS MISSION OF THE PHOENICIA LIBRARY ASSOICATION IS TO PROVIDE AND MAINTAIN ACCESS TO A WORLD OF ENLIGHTENING AND EDUCATIONAL RESOURCES I

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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 $238,161

Program Service Revenue $619

Investment Income $10,246

Other Revenue $2,523

TOTAL REVENUE $251,549

Expense Breakdown

Grants Paid $1,550

Salaries & Benefits $171,163

Fundraising Expenses $1,088

Program Expenses $275,806

Other Expenses $129,877

TOTAL EXPENSES $302,590

Year-over-Year Comparison

	2023	2022	Change
Revenue	$251,549	$244,223	+0.0%
Expenses	$302,590	$290,038	+0.0%
Net Income	$-51,041	$-45,815	+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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDY HYUN	CORRESPONDING SECRETARY	3.00	Officer Director	$0	$0	$0
BECCA FRANK	TREASURER	3.00	Officer Director	$0	$0	$0
BETHIA WATERMAN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
BERNARD HANDZEL	PRESIDENT	5.00	Officer Director	$0	$0	$0
HOLLY GEORGE WARREN	RECORDING SECRETARY	3.00	Officer Director	$0	$0	$0
ELIZABETH POTTER	DIRECTOR	35.00	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	No data	No data	No data	No data
2023	$251,549	$302,590	$1,048,014	$-51,041
2022	$244,223	$290,038	$1,097,807	$-45,815
2021	$283,938	$294,196	$1,144,039	$-10,258
2020	$212,606	$266,413	$1,181,320	$-53,807
2019	$214,532	$285,081	$1,207,573	$-70,549
2018	$199,426	$270,484	$1,278,614	$-71,058

PHOENICIA LIBRARY ASSOCIATION