LUDINGTON LIBRARY (EIN 231352362) - 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

1953

Legal Domicile

Principal Officer

SUSAN HOLLENSTEIN

Phone

6105251776

Tax Period

2023-01-01 to 2023-12-31

LUDINGTON LIBRARY, founded in 1953, is a small nonprofit in the Education sector that reported $471K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $226K, a strong 48% operating margin.

Mission

TO PROVIDE FINANCIAL AND VOLUNTEER SUPPORT TO THE LUDINGTON LIBRARY. LUDINGTON LIBRARY IS A PUBLIC LIBRARY WITHIN LOWER MERION TOWNSHIP. LUDINGTON IS ONE OF THE SIX LIBRARIES SUPPORTED BY LOWER MERION TOWNSHIP.

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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 $267,042

Program Service Revenue $23,880

Investment Income $160,433

Other Revenue $19,851

TOTAL REVENUE $471,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,381

Program Expenses $228,347

Other Expenses $245,201

TOTAL EXPENSES $245,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$471,206	$542,625	-0.1%
Expenses	$245,201	$203,042	+0.2%
Net Income	$226,005	$339,583	-0.3%

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
GREG ADELMAN	PRESIDENT	2.00	Officer	$0	$0	$0
SANDRA PAYNE	SECRETARY	1.00	Officer	$0	$0	$0
SUSAN HOLLENSTEIN	TREASURER	3.00	Officer	$0	$0	$0
CHARLES BLOOM	BOARD MEMBER	2.00	Director	$0	$0	$0
RUTH BRAMSOM	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHBROOK MCCANN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ANN MEYERS	BOARD MEMBER	0.50	Director	$0	$0	$0
J BARTON RILEY	BOARD MEMBER	0.50	Director	$0	$0	$0
ELLEN ROSEN	BOARD MEMBER	1.50	Director	$0	$0	$0
CHRIS ROSS	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS STRAWBRIDGE	MEMBER	2.50	Director	$0	$0	$0
KRISTINE CONNOR	BOARD MEMBER	0.50	Director	$0	$0	$0
DEON VIGILANCE	BOARD MEMBER	0.50	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	$471,206	$245,201	$2,419,445	$226,005
2022	$542,625	$203,042	$2,186,168	$339,583
2021	$480,489	$178,907	$2,181,897	$301,582
2020	$221,003	$175,567	$1,773,820	$45,436

LUDINGTON LIBRARY