Free Public Library of Lambertville (EIN 226002022) - 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

1935

Legal Domicile

Principal Officer

Jennifer Sirak

Phone

6093970275

Tax Period

2023-01-01 to 2023-12-31

Free Public Library of Lambertville, founded in 1935, is a small nonprofit that reported $344K in total revenue in fiscal year 2023. Expenses of $308K left a modest 11% surplus.

Mission

Public Library To provide library services for the residents of the City of Lambertville in the County of Hunterdon, New Jersey.

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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 $338,833

Program Service Revenue $5,412

Investment Income $70

Other Revenue $0

TOTAL REVENUE $344,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,584

Fundraising Expenses $0

Program Expenses $277,261

Other Expenses $116,471

TOTAL EXPENSES $308,055

Year-over-Year Comparison

	2023	2022	Change
Revenue	$344,315	$320,770	+0.1%
Expenses	$308,055	$368,062	-0.2%
Net Income	$36,260	$-47,292	-1.8%

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

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
Karen Riedeburg	President	2.00	Officer Director	$0	$0	$0
Ed Hoag	Member	2.00	Director	$0	$0	$0
Kate Winslow	Secretary	2.00	Officer Director	$0	$0	$0
Albert Bauer	Treasurer	2.00	Officer Director	$0	$0	$0
Amy Connelly	Member	2.00	Director	$0	$0	$0
Ricardo Zapata	Member	2.00	Director	$0	$0	$0
Kathleen Harris	Member	2.00	Director	$0	$0	$0
Stephanie Volmer	Member	2.00	Director	$0	$0	$0
Walt Jimenez	Member	2.00	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	No data	No data	No data	No data
2023	$344,315	$308,055	$338,879	$36,260
2022	$320,770	$368,062	$287,915	$-47,292
2021	$279,697	$305,659	$319,099	$-25,962
2020	$284,785	$248,661	$342,711	$36,124
2019	$273,317	$249,191	$305,937	$24,126

Free Public Library of Lambertville