SWARTHMORE 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

1928

Legal Domicile

Principal Officer

ALEC STALEY

Phone

6105430436

Tax Period

2024-01-01 to 2024-12-31

SWARTHMORE PUBLIC LIBRARY, founded in 1928, is a small nonprofit in the Education sector that reported $352K in total revenue in fiscal year 2024. Expenses of $333K left a modest 5% surplus.

Mission

THE SWARTHMORE PUBLIC LIBRARY IS A CENTER OF COMMUNITY LIFE, OFFERING EDUCATIONAL, INFORMATIONAL, RECREATIONAL, AND CULTURAL OPPORTUNITIES FOR PEOPLE OF ALL AGES. THE LIBRARY IS A DEPENDABLE SOURCE OF RELIABLE INFORMATION AND OF CHALLENGING IDEAS.

Program Service Accomplishments

Program 1

Expenses: $281,787 Revenue: $8,279

THE LIBRARY PROVIDES EDUCATION AND EDUCATIONAL MATERIALS BY MAKING ITS COLLECTION OF BOOKS, PERIODICALS, MUSEUM AND PARK PASSES, MOVIES, AND MUSIC ACCESSIBLE TO BOROUGH, DELAWARE COUNTY, AND...

THE LIBRARY PROVIDES EDUCATION AND EDUCATIONAL MATERIALS BY MAKING ITS COLLECTION OF BOOKS, PERIODICALS, MUSEUM AND PARK PASSES, MOVIES, AND MUSIC ACCESSIBLE TO BOROUGH, DELAWARE COUNTY, AND PENNSYLVANIA RESIDENTS FREE OF CHARGE.THE LIBRARY ALSO OFFERS AWARD-WINNING PROGRAMMING FOR CHILDREN, INCLUDING MULTIPLE, AGE-APPROPRIATE STORYTELLING HOURS, ART CLASSES, AND INTERACTIVE MUSIC SHOWS. THE LIBRARY ALSO HOSTS ADULT CLASSES, INCLUDING BOOK CLUBS, COOKING CLUBS, A MONTHLY HISTORY DISCUSSION FORUM, SPEAKER SERIES, AND TECHNOLOGY ASSISTANCE.

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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 $309,729

Program Service Revenue $5,715

Investment Income $25,724

Other Revenue $10,930

TOTAL REVENUE $352,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,250

Fundraising Expenses $0

Program Expenses $281,787

Other Expenses $89,012

TOTAL EXPENSES $333,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$352,098	$330,257	+0.1%
Expenses	$333,262	$297,288	+0.1%
Net Income	$18,836	$32,969	-0.4%

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

$66,377

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH BROWN	PRESIDENT	1.00	Director	$0	$0	$0
JENNIFER PREVOZNIK-MCNAMARA	VICE PRESIDENT	1.00	Director	$0	$0	$0
TOM MELVIN	SECRETARY	1.00	Director	$0	$0	$0
MARTIN MICKLIN	TREASURER	1.00	Director	$0	$0	$0
MAURA CULLEN	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA MASSEY	TRUSTEE	1.00	Director	$0	$0	$0
AUBREY LUDWIG	TRUSTEE	1.00	Director	$0	$0	$0
DIANNE HULL	TRUSTEE	1.00	Director	$0	$0	$0
QUINCY CARPENTER	TRUSTEE	1.00	Director	$0	$0	$0
ABIGAIL CENGEL	LIBRARY DIRECTOR (THRU 2024)	35.00	Officer	$61,526	$4,851	$66,377
ALEC STALEY	LIBRARY DIRECTOR	35.00	Officer	$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	$352,098	$333,262	$599,855	$18,836
2023	$330,257	$297,288	$577,705	$32,969
2022	$309,653	$291,569	$552,892	$18,084
2021	$306,047	$299,836	$534,808	$6,211
2020	$348,188	$288,760	$529,385	$59,428
2019	$327,394	$311,325	$469,957	$16,069
2018	$530,138	$316,685	$453,888	$213,453