FRIENDS OF SECAUCUS PUBLIC LIBRARY

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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

2001

Legal Domicile

Principal Officer

KARYN LUSSKIN

Phone

2013302084

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF SECAUCUS PUBLIC LIBRARY, founded in 2001, is a micro nonprofit in the Education sector that reported $49K in total revenue in fiscal year 2023. Expenses of $58K exceeded revenue, resulting in a 20% operating deficit.

Mission

SUPPORTING THE SECAUCUS PUBLIC LIBRARY. FUNDS ARE COLLECTED AND EXPENDED FOR THE BETTERMENT AND IMPROVEMENT OF THE SECAUCUS PUBLIC LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $2,500 Revenue: $18,000

FUNDS ARE COLLECTED AND EXPENDED FOR THE BETTERMENT AND IMPROVEMENT OF THE SECAUCUS PUBLIC 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 (2023)

Revenue Breakdown

Contributions & Grants $30,723

Program Service Revenue $18,000

Investment Income $181

Other Revenue $0

TOTAL REVENUE $48,904

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,699

Other Expenses $55,958

TOTAL EXPENSES $58,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,904	$48,766	+0.0%
Expenses	$58,458	$34,460	+0.7%
Net Income	$-9,554	$14,306	-1.7%

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
CONSTANCE DARROW	2ND VICE PRE	N/A	Director	$0	$0	$0
JOSEPHINE DEGENNARO	1ST VICE PRE	N/A	Director	$0	$0	$0
LINDA GERSON	TREASURER	N/A	Director	$0	$0	$0
FRED GRAFELD	SECRETARY	N/A	Director	$0	$0	$0
KARYN LUSSKIN	PRESIDENT	N/A	Director	$0	$0	$0
JACQUELINE TUZZIO	LIBRARY BOAR	N/A	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	No data	No data	No data	No data
2023	$48,904	$58,458	$188,168	$-9,554
2022	$48,766	$34,460	$197,722	$14,306
2021	$55,298	$27,450	$182,916	$27,848
2020	$29,056	$19,899	$152,568	$9,157
2019	$30,486	$24,409	$143,411	$6,077