NEWTON LIBRARY ASSOCIATION INC

EIN: 221500571 501(c)(3) Education

NEWTON, NJ

Total Revenue
$29,298
Total Expenses
$60,933
Total Assets
$545,535
Net Assets
$545,535
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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
1967
Legal Domicile
NJ
Principal Officer
ELAINE EBERHART
Phone
9733831731
Tax Period
2018-05-01 to 2019-04-30

NEWTON LIBRARY ASSOCIATION INC, founded in 1967, is a micro nonprofit in the Education sector that reported $29K in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $61K exceeded revenue, resulting in a 108% operating deficit.

Mission

THE NEWTON LIBRARY ASSOCIATION'S OBJECT IS TO ESTABLISH A LIBRARY, ERECT A SUITABLE EDIFICE; AND MAINTAIN AND KEEP UP ITS LIBRARY BUILDING AND LIBRARY THEREIN.

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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 (2018)

Revenue Breakdown

Contributions & Grants $389
Program Service Revenue $0
Investment Income $28,909
Other Revenue $0
TOTAL REVENUE $29,298

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $60,933
Other Expenses $60,933
TOTAL EXPENSES $60,933

Year-over-Year Comparison

2018 2017 Change
Revenue $29,298 $26,381 +0.1%
Expenses $60,933 $41,078 +0.5%
Net Income $-31,635 $-14,697 +1.2%
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

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Governance

Voting Members
7
Independent Members
7
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY GRAHAM TRUSTEE N/A
Director
$0 $0 $0
HARRIETT ORDAN TRUSTEE N/A
Director
$0 $0 $0
LAURA MURRAY TRUSTEE N/A
Director
$0 $0 $0
STEVE MCNALLY ESQ TRUSTEE N/A
Director
$0 $0 $0
ELAINE EBERHART PRESIDENT N/A
Officer
$0 $0 $0
PAM RAYNOR SECRETARY N/A
Officer
$0 $0 $0
LISA HEUSLEIN RIGHTS TREASURER N/A
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
2019 $29,298 $60,933 $545,535 $-31,635
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