FRANKLIN FREE LIBRARY (EIN 150574859) - 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

1905

Legal Domicile

Principal Officer

CYNTHIA PINNEY

Phone

6078292941

Tax Period

2024-01-01 to 2024-12-31

FRANKLIN FREE LIBRARY, founded in 1905, is a micro nonprofit that reported $74K in total revenue in fiscal year 2024. Net assets of $578K represent 94 months of operating reserves.

Mission

TO PROVIDE A FREE PUBLIC LIBRARY TO LOCAL AREA 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 (2024)

Revenue Breakdown

Contributions & Grants $54,652

Program Service Revenue $1,459

Investment Income $17,924

Other Revenue $0

TOTAL REVENUE $74,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,121

Fundraising Expenses $0

Program Expenses $69,545

Other Expenses $35,820

TOTAL EXPENSES $72,941

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,035	$72,045	+0.0%
Expenses	$72,941	$71,661	+0.0%
Net Income	$1,094	$384	+1.8%

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
CAROL JENSEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELLIOT COHEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
WENDY SWEARS	SECRETARY	1.00	Officer Director	$0	$0	$0
CRISSIE ELMENDORF	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNNE KEMEN	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY ORTON	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIEM ESSENDELFT	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA PINNEY	TREASURER	5.00	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	$74,035	$72,941	$578,134	$1,094
2023	$72,045	$71,661	$560,648	$384
2022	$60,299	$71,753	$554,777	$-11,454
2021	$93,758	$72,709	$596,635	$21,049
2020	$61,987	$54,429	$594,938	$7,558
2019	$76,212	$48,911	$580,445	$27,301
2018	$64,536	$47,161	$528,165	$17,375

FRANKLIN FREE LIBRARY