FRIENDS OF THE GLEN RIDGE LIBRARY (EIN 223113966) - 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

1998

Legal Domicile

Phone

9732021506

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE GLEN RIDGE LIBRARY, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $262K in total revenue in fiscal year 2024. The organization ran a surplus of $223K, a strong 85% operating margin.

Mission

Friends of the Glen Ridge Library's mission is to stimulate community awareness & use of the Glen Ridge Public Library and to support the library in developing its services and facilities, obtain public support for the Library budget, encourage gifts, endowments & memorials.

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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 $241,117

Program Service Revenue $1,120

Investment Income $11,184

Other Revenue $8,906

TOTAL REVENUE $262,327

Expense Breakdown

Grants Paid $25,500

Salaries & Benefits $0

Fundraising Expenses $95

Program Expenses $38,499

Other Expenses $14,138

TOTAL EXPENSES $39,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,327	N/A	N/A
Expenses	$39,638	N/A	N/A
Net Income	$222,689	N/A	N/A

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

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
Edward Kastenmeier	Trustee Liason	2.00	Director	$0	$0	$0
Tina Marie Doody	Trustee Liason	4.00	Director	$0	$0	$0
Gordon Leavitt	President	2.00	Officer	$0	$0	$0
Jody Stigliano	Vice President	2.00	Officer	$0	$0	$0
Jenny Large	Treasurer	4.00	Officer	$0	$0	$0
Sarah Sheridan	Secretary	2.00	Officer	$0	$0	$0
Cynthia Garcia	Secretary	2.00	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	$262,327	$39,638	$620,040	$222,689

FRIENDS OF THE GLEN RIDGE LIBRARY