FRIENDS OF THE BERNARDSVILLE PUBLI… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

ROBERT BAKER

Phone

9087660118

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE BERNARDSVILLE PUBLIC LIBRARY INC, founded in 2006, is a small nonprofit that reported $106K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 32% operating margin.

Mission

SUPPORT THE PUBLIC LIBRARY IN BERNARDSVILLE NJ

Program Service Accomplishments

Program 1

Expenses: $58,449

FUNDED THE LIBRARYS NEWSLETTER TO RESIDENTS, ADULT, CHILDREN AND ESL PROGRAMS, PURCHASE OF COMPUTERS AND EQUIPMENT, BOOKS AND OTHER MATERIALS AS REQUESTED BY THE 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 (2024)

Revenue Breakdown

Contributions & Grants $33,699

Program Service Revenue $0

Investment Income $53,084

Other Revenue $19,323

TOTAL REVENUE $106,106

Expense Breakdown

Grants Paid $58,449

Salaries & Benefits $0

Fundraising Expenses $3,122

Program Expenses $58,449

Other Expenses $13,656

TOTAL EXPENSES $72,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,106	$62,088	+0.7%
Expenses	$72,105	$49,209	+0.5%
Net Income	$34,001	$12,879	+1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN DUFF	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BAKER	TREASURER	3.00	Officer Director	$0	$0	$0
NINA ALSTROM	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
KATHLEEN DORAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE FETTEN	DIRECTOR	1.00	Director	$0	$0	$0
JERRY CLARK	DIRECTOR	1.00	Director	$0	$0	$0
NANCY GOGUEN	CORRESPONDING SECRETARY	1.00	Officer Director	$0	$0	$0
CHERYL MADDALUNA	DIRECTOR	1.00	Director	$0	$0	$0
MARIA PARRELLA	DIRECTOR	1.00	Director	$0	$0	$0
KATHY PEACHEY	DIRECTOR	1.00	Director	$0	$0	$0
GLADIS MENARE	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA OLIVEIRA	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH STRYKER	DIRECTOR	1.00	Director	$0	$0	$0
NANCY VERDUIN	PRESIDENT	7.00	Officer Director	$0	$0	$0
MEGHAN SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
GERRY ODONOVAN	DIRECTOR	1.00	Director	$0	$0	$0
ALISON PORTER	DIRECTOR	1.00	Director	$0	$0	$0
ANITA GANDHI	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK YORK	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$106,106	$72,105	$612,827	$34,001
2023	$62,088	$49,209	$570,169	$12,879
2022	$41,762	$47,996	$507,193	$-6,234
2021	$47,837	$42,292	$576,944	$5,545
2020	$52,110	$33,121	$538,703	$18,989
2019	$75,704	$49,468	$492,629	$26,236

FRIENDS OF THE BERNARDSVILLE PUBLIC LIBRARY INC