MENDHAM BOROUGH LIBRARY

EIN: 221463449 501(c)(3) Education

MENDHAM, NJ

Total Revenue
$579,450
Total Expenses
$470,364
Total Assets
$1,817,666
Net Assets
$1,811,361
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
NJ
Principal Officer
ROSEMARY D'URSO
Phone
9735434152
Tax Period
2023-01-01 to 2023-12-31

MENDHAM BOROUGH LIBRARY, founded in 1927, is a small nonprofit in the Education sector that reported $579K in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 19% operating margin.

Mission

THE PURPOSE OF THE LIBRARY IS TO PROVIDE LITERARY, CULTURAL, AND COMMUNITY ACTIVITIES TO THE PUBLIC.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $524,259
Program Service Revenue $10,650
Investment Income $44,541
Other Revenue $0
TOTAL REVENUE $579,450

Expense Breakdown

Grants Paid $0
Salaries & Benefits $211,812
Fundraising Expenses $15,694
Program Expenses $281,166
Other Expenses $258,552
TOTAL EXPENSES $470,364

Year-over-Year Comparison

2023 2022 Change
Revenue $579,450 $340,882 +0.7%
Expenses $470,364 $347,237 +0.4%
Net Income $109,086 $-6,355 -18.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
10
Volunteers
8

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
0
$0
Total Directors
13
$59,354
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER ZERVIGON TRUSTEE 2.00
Director
$0 $0 $0
JANE BROOKS TRUSTEE 2.00
Director
$0 $0 $0
MARIAN MUNDY TRUSTEE 2.00
Director
$0 $0 $0
ROBERT MARINO TRUSTEE 2.00
Director
$0 $0 $0
ROSEMARY D'URSO VICE PRESIDENT (SEPT - DEC) 2.00
Director
$0 $0 $0
LYNN EBERENZ TRUSTEE 2.00
Director
$0 $0 $0
CELESTE MORAN TRUSTEE 2.00
Director
$0 $0 $0
CF WILLIAM MAURER TRUSTEE 2.00
Director
$0 $0 $0
TRISH HALL LIBRARY DIRECTOR 30.00
Director
$59,354 $0 $59,354
TRICIA MUNLEY PRESIDENT 2.00
Director
$0 $0 $0
MELISSA YOUNG VICE PRESIDENT (JAN - AUG) 2.00
Director
$0 $0 $0
JACQUELINE HINSHAW TREASURER 2.00
Director
$0 $0 $0
REBECCA BRAUN SECRETARY 2.00
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
2024 No data No data No data No data
2023 $579,450 $470,364 $1,817,666 $109,086
2022 $340,882 $347,237 $1,710,760 $-6,355
2021 $376,202 $290,798 $2,024,820 $85,404
2020 $341,046 $297,986 $1,818,609 $43,060
2019 $340,489 $305,161 $1,649,189 $35,328
2018 $331,199 $262,976 $1,425,207 $68,223
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