PUBLIC LIBRARY FOR UNION COUNTY (EIN 232208061) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

ALEX T SCHWARTZMAN

Phone

5705231172

Tax Period

2023-01-01 to 2023-12-31

PUBLIC LIBRARY FOR UNION COUNTY, founded in 1982, is a small nonprofit in the Education sector that reported $691K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $909K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE PUBLIC LIBRARY FOR UNION COUNTY OFFERS FREE, PUBLIC ACCESS TO ALL OF ITS LIBRARY RESOURCES. THE LIBRARY'S COLLECTIONS AND SERVICES ARE DEVELOPED AND MAINTAINED FOR THE EDUCATION, INTELLECTUAL STIMULATION, AND PLEASURE OF ALL RESIDENTS OF THE SURROUNDING COMMUNITIES. LIBRARY MATERIALS AND PROGRAMS REFLECT A COMMITMENT TO ENRICHING AND ENHANCING THE LIVES OF ALL PATRONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $337,352

Program Service Revenue $21,523

Investment Income $210,525

Other Revenue $121,241

TOTAL REVENUE $690,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $518,898

Fundraising Expenses $30,993

Program Expenses $660,709

Other Expenses $390,172

TOTAL EXPENSES $909,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$690,641	$840,420	-0.2%
Expenses	$909,070	$868,295	+0.0%
Net Income	$-218,429	$-27,875	+6.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$93,520

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY PEREZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
ILENE LADD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BOB FORTUNA	TREASURER	2.00	Officer Director	$0	$0	$0
DIANE MEIXELL	SECRETARY	2.00	Officer Director	$0	$0	$0
MARY BETH CLARK	DIRECTOR	2.00	Director	$0	$0	$0
DAVID FLETCHER	DIRECTOR	2.00	Director	$0	$0	$0
ALEX GUTIERREZ	DIRECTOR	2.00	Director	$0	$0	$0
LOUISE KNIGHT	DIRECTOR	2.00	Director	$0	$0	$0
MARY JEAN MOSE	DIRECTOR	2.00	Director	$0	$0	$0
KATHY PAUL	DIRECTOR	2.00	Director	$0	$0	$0
LINDA SKINNER	DIRECTOR	2.00	Director	$0	$0	$0
STEVE STANKO	DIRECTOR	2.00	Director	$0	$0	$0
ALEX SCHWARTZMAN	LIBRARY DIRECTOR	26.25	Officer	$82,380	$11,140	$93,520

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	$690,641	$909,070	$7,826,829	$-218,429
2022	$840,420	$868,295	$7,567,345	$-27,875
2021	$1,972,437	$692,736	$7,369,893	$1,279,701
2020	$1,275,773	$682,300	$5,993,665	$593,473
2019	$614,624	$703,641	$4,806,276	$-89,017
2018	$574,630	$720,831	$4,472,451	$-146,201

PUBLIC LIBRARY FOR UNION COUNTY