MENDHAM BOROUGH LIBRARY

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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

1927

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $281,166 Revenue: $203,193

SERVICES PROVIDED BY THE MENDHAM BOROUGH LIBRARY INCLUDE LENDING OF BOOKS, MAGAZINES, AND TAPES. THE LIBRARY PROVIDES ACCESS TO THE INTERNET AND REFERENCE SERVICES, AS WELL AS A VARIETY OF PROGRAMS...

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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 $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

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

$59,354

Key Employees

Highest Compensated

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