THE FREE LIBRARY OF NEW HOPE & SOLEBURY (EIN 231494787) - 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

1918

Legal Domicile

Principal Officer

STACY GEIER SMITH

Phone

2158622330

Tax Period

2024-01-01 to 2024-12-31

THE FREE LIBRARY OF NEW HOPE & SOLEBURY, founded in 1918, is a small nonprofit that reported $511K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $169K, a strong 33% operating margin.

Mission

GENERAL LIBRARY SERVICES (INCLUDING CLASSIC BOOKS)

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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 $442,678

Program Service Revenue $0

Investment Income $49,390

Other Revenue $18,440

TOTAL REVENUE $510,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,910

Fundraising Expenses $15,344

Program Expenses $258,008

Other Expenses $141,626

TOTAL EXPENSES $341,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,508	$337,009	+0.5%
Expenses	$341,536	$345,397	0.0%
Net Income	$168,972	$-8,388	-21.1%

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

$75,233

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM PHARO	DIRECTOR	40.50	Officer	$65,313	$3,000	$68,313
CONNIE HILLMAN	DIRECTOR	40.50	Officer	$6,920	$0	$6,920
STACY GEIER SMITH	PRESIDENT	10.00	Officer Director	$0	$0	$0
JULIA KLOSSNER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN SCHUSTER	TREASURER	10.00	Officer Director	$0	$0	$0
JOANNE RESZCA	SECRETARY	5.00	Officer Director	$0	$0	$0
DEIRDRE ALDERFER	BOARD TRUSTEE	5.00	Director	$0	$0	$0
LAUREN MELLON	BOARD TRUSTEE	5.00	Director	$0	$0	$0
LISA MENZ	BOARD TRUSTEE	5.00	Director	$0	$0	$0
SHEREEN WHITE	BOARD TRUSTEE	5.00	Director	$0	$0	$0
CHRISTOPHER WHITNEY	BOARD TRUSTEE	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	$510,508	$341,536	$2,827,010	$168,972
2023	$337,009	$345,397	$2,482,977	$-8,388
2022	$323,921	$332,036	$2,307,104	$-8,115
2021	$363,142	$295,077	$2,571,526	$68,065
2020	$325,975	$289,813	$2,393,820	$36,162
2019	$367,441	$297,423	$2,179,533	$70,018
2018	$297,744	$278,674	$1,959,025	$19,070

THE FREE LIBRARY OF NEW HOPE & SOLEBURY