NORWOOD LIBRARY ASSOCIATION INC (EIN 221981700) - 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

1936

Legal Domicile

Principal Officer

SALLY DIAZ

Phone

2017689555

Tax Period

2023-01-01 to 2023-12-31

NORWOOD LIBRARY ASSOCIATION INC, founded in 1936, is a small nonprofit that reported $523K in total revenue in fiscal year 2023. Expenses of $477K left a modest 9% surplus.

Mission

FREE PUBLIC LIBRARY

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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 $523,115

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $523,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,629

Fundraising Expenses $0

Program Expenses $476,665

Other Expenses $283,036

TOTAL EXPENSES $476,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$523,115	$485,096	+0.1%
Expenses	$476,665	$526,690	-0.1%
Net Income	$46,450	$-41,594	-2.1%

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
RICHARD WILLIAMS	PRESIDENT	5.00	Director	$0	$0	$0
AUSTIN SONG	MEMBER	5.00	Director	$0	$0	$0
DAVID WEISSMAN	MEMBER	5.00	Director	$0	$0	$0
SARAH MORROW	MEMBER	5.00	Director	$0	$0	$0
MAUREEN CUSCHIERI	MEMBER	5.00	Director	$0	$0	$0
JULIE GOODMAN	MEMBER	5.00	Director	$0	$0	$0
MARTHA KLEINLAUT	MEMBER	5.00	Director	$0	$0	$0
GLORIA MACCARONI	VICE PRESIDENT	5.00	Director	$0	$0	$0
CAROLYN PINKUS	TREASURER	5.00	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	$523,115	$476,665	$847,114	$46,450
2022	$485,096	$526,690	$800,664	$-41,594
2021	$545,016	$487,174	$842,258	$57,842
2020	$452,804	$608,026	$784,416	$-155,222
2019	$829,825	$533,066	No data	$296,759
2018	$452,677	$396,522	No data	$56,155

NORWOOD LIBRARY ASSOCIATION INC