TRUSTEES OF THE FREE PUBLIC LIBRARY OF PENNINGTON (EIN 223106791) - 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

2016

Legal Domicile

Phone

6097370404

Tax Period

2024-01-01 to 2024-12-31

TRUSTEES OF THE FREE PUBLIC LIBRARY OF PENNINGTON, founded in 2016, is a small nonprofit that reported $259K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $240K left a modest 7% surplus.

Mission

TO PROVIDE PUBLIC LIBRARY SERVICES TO THE RESIDENTS OF THE BOROUGH OF PENNINGTON 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 (2024)

Revenue Breakdown

Contributions & Grants $250,018

Program Service Revenue $1,552

Investment Income $7,568

Other Revenue $0

TOTAL REVENUE $259,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,578

Fundraising Expenses $0

Program Expenses $183,350

Other Expenses $117,696

TOTAL EXPENSES $240,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,138	$232,315	+0.1%
Expenses	$240,274	$207,567	+0.2%
Net Income	$18,864	$24,748	-0.2%

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

$57,000

Total Directors

$57,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM HA	DIRECTOR	30.00	Officer Director	$57,000	$0	$57,000
AMY SULLIVAN	TRUSTEE	0.00	Director	$0	$0	$0
MEREDITH MOORE	TRUSTEE	0.00	Director	$0	$0	$0
DAVID DREWBERRY	TRUSTEE	0.00	Director	$0	$0	$0
JULIE ABERGER	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
HILARY BURKE	PRESIDENT	0.00	Officer Director	$0	$0	$0
JOSEPH BIELAMOWICZ	TREASURER	0.00	Officer Director	$0	$0	$0
CAROL OLSEN	SECRETARY	0.00	Officer 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	$259,138	$240,274	$211,363	$18,864
2023	$232,315	$207,567	$211,934	$24,748
2022	$204,005	$194,822	$148,464	$9,183
2021	$184,013	$181,841	$101,673	$2,172
2020	$187,712	$174,773	$97,847	$12,939
2019	$227,133	$196,626	$89,018	$30,507
2018	$183,718	$189,703	$62,203	$-5,985

TRUSTEES OF THE FREE PUBLIC LIBRARY OF PENNINGTON