NEW HOPE, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
SHARING KNOWLEDGE; ENRICHING LIVES
THE FREE LIBRARY OF NEW HOPE AND SOLEBURY IS A PA FORWARD GOLD STAR LIBRARY THAT HAS PROVIDED EXCELLENT LIBRARY SERVICES TO THE PUBLIC FOR OVER 100 YEARS. USERS ARE GRANTED FREE AND EQUAL ACCESS TO A...
THE FREE LIBRARY OF NEW HOPE AND SOLEBURY IS A PA FORWARD GOLD STAR LIBRARY THAT HAS PROVIDED EXCELLENT LIBRARY SERVICES TO THE PUBLIC FOR OVER 100 YEARS. USERS ARE GRANTED FREE AND EQUAL ACCESS TO A LARGE COLLECTION OF CHILDREN'S AND ADULT BOOKS, AUDIOBOOKS, DVDS, NEWSPAPERS, AND MAGAZINES. ADDITIONALLY, THE LIBRARY OFFERS A NON-TRADITIONAL COLLECTION OF AN ONLINE E-LIBRARY, BUSINESS AND CONSUMER DATABASES, MUSEUM PASSES, PRELOADED TABLETS, KINDLES AND S.T.E.A.M. KITS. FREE WIRELESS ACCESS AND PUBLIC USE COMPUTERS AS WELL AS EDUCATIONAL AND ENTERTAINING PROGRAMMING FOR ALL AGES ROUND OUT THE OFFERINGS. AS A MEMBER OF THE BUCKS COUNTY LIBRARY SYSTEM, THE LIBRARY HAS RECIPROCAL BORROWING PRIVILEGES WITH OTHER AREA LIBRARIES AND ACROSS THE COUNTRY, WHICH ENHANCES ITS USER SERVICES. SEE SCHEDULE O FOR ADDTL INFO. A PROFESSIONAL STAFF PROVIDES REFERENCE GUIDANCE, READER'S ADVISORY SERVICES AND COMPUTER ASSISTANCE.ADDITIONAL INFORMATION ON PROGRAMMING -THE SUMMER READING PROGRAM (SRP): SPREAD OVER THREE MONTHS, THE SRP SERVED HUNDREDS OF CHILDREN AND ADULTS THROUGH JUNE, JULY AND AUGUST BY HOSTING MAD SCIENCE NJ, THE AMERICAN SWEDISH HISTORICAL MUSEUM AND EYES OF THE WILD, AMONG OTHER REGULAR PROGRAMS LIKE WEEKLY STORYTIME.OUR ADULT CRAFTING PROGRAM SERIES, INCLUDING EMBROIDERY, KNITTING, FELTING AND AN ADULT WRITERS GROUP PROGRAM, SERVED APPROXIMATELY 60 PATRONS A MONTH AND ARE NOW ESTABLISHED AS RECURRING MONTHLY OR BIWEEKLY PROGRAMS.THE TWEEN/TEEN PROGRAM EXPANSION WAS MADE TO INCLUDE A CHESS CLUB, NERD STUDIO, MAGIC THE GATHERING CLUB AND POKEMON CLUB. THESE PROGRAMS COLLECTIVELY SERVED 12-15 TWEENS/TEENS A WEEK DURING THE HEIGHT OF SUMMER.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare THE FREE LIBRARY OF NEW HOPE & SOLEBURY with other nonprofits in Pennsylvania and across the country.