THE FRIENDS AND FOUNDATION OF THE PRINCETON PUBLIC LIBRARY INC (EIN 223494366) - 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

1995

Legal Domicile

Principal Officer

BRETT SHAVER

Phone

6099245929

Tax Period

2024-01-01 to 2024-12-31

THE FRIENDS AND FOUNDATION OF THE PRINCETON PUBLIC LIBRARY INC, founded in 1995, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $330K, a strong 18% operating margin.

Mission

THE MISSION OF THE FRIENDS AND FOUNDATION IS TO PROVIDE FINANCIAL AND OTHER SUPPORT TO THE FREE PUBLIC LIBRARY OF PRINCETON, NEW JERSEY. FINANCIAL SUPPORT FROM THE FRIENDS AND FOUNDATION IS USED TO ENHANCE THE SERVICES THE LIBRARY PROVIDES TO THE PRINCETON COMMUNITY.THE ORGANIZATION ASSISTS WITH LIBRARY DEVELOPMENT ACCTIVITIES AND FUNDRAISING EFFORTS, WORKS TO HELP BUILD A COMMUNITY OF LIBRARY SUPPORTERS, ENHANCES THE LIBRARYS VISIBILITY, AND ADVOCATES FOR THE LIBRARY WITH ALL COMMUNITY STAKEHOLDERS.

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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 $790,386

Program Service Revenue $180,797

Investment Income $847,243

Other Revenue $442

TOTAL REVENUE $1,818,868

Expense Breakdown

Grants Paid $1,229,747

Salaries & Benefits $0

Fundraising Expenses $75,693

Program Expenses $1,250,599

Other Expenses $258,715

TOTAL EXPENSES $1,488,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,818,868	$1,345,025	+0.4%
Expenses	$1,488,462	$1,392,230	+0.1%
Net Income	$330,406	$-47,205	-8.0%

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
JENNIFER PODOLSKY	Secretary	5.00	Officer Director	$0	$0	$0
COURTNEY LEDERER	President	5.00	Officer Director	$0	$0	$0
SHALU NASO	Vice President	5.00	Officer Director	$0	$0	$0
BRETT SHAVER	Treasurer	5.00	Officer Director	$0	$0	$0
NICOLE KATZ	Treasurer	5.00	Officer Director	$0	$0	$0
ANDREW T SUTPHIN	Director	5.00	Director	$0	$0	$0
JANE FRANSSON	Director	5.00	Director	$0	$0	$0
CHRISTIE HENRY	Director	5.00	Director	$0	$0	$0
STEHANIE SCHLOSSER	Director	5.00	Director	$0	$0	$0
SWATI BHATT	Director	5.00	Director	$0	$0	$0
SOHINI RATH	Director	5.00	Director	$0	$0	$0
FLORANCE KAHN	Director	5.00	Director	$0	$0	$0
SEVA KRAMER	Director	5.00	Director	$0	$0	$0
BETH LEMAN	Director	5.00	Director	$0	$0	$0
ANN PARKER MCKEEHAN	Director	5.00	Director	$0	$0	$0
JANE SILVERMAN	Director	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	$1,818,868	$1,488,462	$19,223,958	$330,406
2023	$1,345,025	$1,392,230	$17,559,698	$-47,205
2022	$720,388	$747,338	$15,474,401	$-26,950
2021	$573,238	$683,250	$18,596,999	$-110,012
2020	$415,788	$671,940	$16,591,282	$-256,152
2019	$1,059,376	$1,320,157	$15,073,523	$-260,781
2018	$770,288	$620,788	$13,495,452	$149,500

THE FRIENDS AND FOUNDATION OF THE PRINCETON PUBLIC LIBRARY INC