THE ORANGE FREE 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

1942

Legal Domicile

Principal Officer

LOUIS COPELAND

Phone

9737400880

Tax Period

2023-01-01 to 2023-12-31

THE ORANGE FREE LIBRARY, founded in 1942, is a micro nonprofit that reported $86K in total revenue in fiscal year 2023. Revenue fell 202% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE FUNDING FOR THE CITY OF ORANGE, NEW JERSEY'S PUBLIC LIBRARY AND BENEFITS FOR THE CITIZENS OF ORANGE, NEW JERSEY.

Program Service Accomplishments

Program 1

Expenses: $63,172 Revenue: $72,473

THE ORANGE PUBLIC LIBRARY FOR THE BENEFIT OF THE CITIZENS OF ORANGE, NJ

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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 $0

Program Service Revenue $0

Investment Income $-87,100

Other Revenue $621

TOTAL REVENUE $-86,479

Expense Breakdown

Grants Paid $63,172

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,172

Other Expenses $12,718

TOTAL EXPENSES $75,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-86,479	$84,885	-2.0%
Expenses	$75,890	$98,420	-0.2%
Net Income	$-162,369	$-13,535	+11.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS COPELAND	TREASURER	1.00	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	$-86,479	$75,890	$2,035,133	$-162,369
2022	$84,885	$98,420	$2,197,502	$-13,535
2021	$445,651	$59,661	$2,211,037	$385,990
2020	$115,526	$64,496	$1,825,048	$51,030
2019	$81,167	$51,237	$1,774,019	$29,930
2018	$154,200	$53,883	$1,744,090	$100,317