TRUSTEES OF THE FREE PUBLIC LIBRARY (EIN 223161714) - 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

1992

Legal Domicile

Tax Period

2020-01-01 to 2020-12-31

TRUSTEES OF THE FREE PUBLIC LIBRARY, founded in 1992, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2020. Revenue decreased 19% compared to the prior year.

Mission

MAKE READING AND EDUCATIONAL MATERIAL AVAILABLE TO THE PUBLIC.

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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 (2020)

Revenue Breakdown

Contributions & Grants $3,005,038

Program Service Revenue $201,605

Investment Income $22,091

Other Revenue $370,575

TOTAL REVENUE $3,599,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,939,000

Fundraising Expenses $0

Program Expenses $3,942,199

Other Expenses $2,003,199

TOTAL EXPENSES $3,942,199

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,599,309	$4,444,490	-0.2%
Expenses	$3,942,199	$4,231,238	-0.1%
Net Income	$-342,890	$213,252	-2.6%

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
JOANN CHMIELOWICZ	TRUSTEE	0.00	Director	$0	$0	$0
BRAD COHEN	TRUSTEE	2.00	Director	$0	$0	$0
ARTHUR LEWIN	TRUSTEE	0.00	Director	$0	$0	$0
NICOLE TIBBETTS	TRUSTEE	0.00	Director	$0	$0	$0
KATHY SPADAFINO	TRUSTEE	0.00	Director	$0	$0	$0
AARTI PUNJABI	TREASURER	2.00	Director	$0	$0	$0
ASHISH VERMA	TRUSTEE	2.00	Director	$0	$0	$0
KENNETH FREEDMAN	TRUSTEE	2.00	Director	$0	$0	$0
JOHN ARTHUR	LIBRARY DIRECTOR	0.00	Officer Director	$0	$0	$0
PATRICIA PALUMBO	SECRETARY	2.00	Officer Director	$0	$0	$0
DR DEBORAH CORNAVACA	PRESIDENT	2.00	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
2020	$3,599,309	$3,942,199	$2,206,212	$-342,890
2019	$4,444,490	$4,231,238	$2,161,338	$213,252
2018	$4,673,516	$5,129,719	$2,274,907	$-456,203

TRUSTEES OF THE FREE PUBLIC LIBRARY