LUZERNE COUNTY LIBRARY SYSTEM (EIN 232731975) - 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

1984

Legal Domicile

Principal Officer

LOIS OSTROWSKI

Phone

5708230156

Tax Period

2023-01-01 to 2023-12-31

LUZERNE COUNTY LIBRARY SYSTEM, founded in 1984, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $2.3M left a modest 6% surplus.

Mission

LCLS IS FUNDED BY GRANTS RECEIVED EITHER INDIRECTLY FROM THE FEDERAL GOVERNMENT OR DIRECTLY FROM THE COMMONWEALTH OF PENNSYLVANIA AND LUZERNE COUNTY. THE PURPOSE OF THE SYSTEM IS TO COLLECT AND DISBURSE FUNDS TO THE MEMBER LIBRARIES IN LUZERNE COUNTY. THE SYSTEM ALSO RECEIVES GRANTS TO FUND PROJECTS FOR THE GENERAL BENEFIT OF THE MEMBER LIBRARIES.

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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 $2,427,516

Program Service Revenue $0

Investment Income $2,011

Other Revenue $0

TOTAL REVENUE $2,429,527

Expense Breakdown

Grants Paid $2,044,598

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,044,598

Other Expenses $238,119

TOTAL EXPENSES $2,282,717

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,429,527	$2,036,868	+0.2%
Expenses	$2,282,717	$2,060,211	+0.1%
Net Income	$146,810	$-23,343	-7.3%

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

N/A

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
RAE ANUSEVICZ	DIRECTOR	N/A	Director	$0	$0	$0
CARMINE CARRATO	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN MAZA ESQ	DIRECTOR	N/A	Director	$0	$0	$0
ROSELLA FEDOR-PURCELL	DIRECTOR	N/A	Director	$0	$0	$0
DANA FOGLIA	DIRECTOR	N/A	Director	$0	$0	$0
JEFF GLYNN	DIRECTOR	N/A	Director	$0	$0	$0
MARILOU HINCHCLIFF	DIRECTOR	N/A	Director	$0	$0	$0
BARBARA LACH	DIRECTOR	N/A	Director	$0	$0	$0
LOIS OSTROWSKI	PRESIDENT	N/A	Officer Director	$0	$0	$0
AMANDA OUELLETE	DIRECTOR	N/A	Director	$0	$0	$0
JIM REINMILLER	TREASURER	N/A	Officer Director	$0	$0	$0
JUDY RITTENHOUSE	SECRETARY	N/A	Officer Director	$0	$0	$0
KAREN SHUSTER	DIRECTOR	N/A	Director	$0	$0	$0
REBECCA SMITH	DIRECTOR	N/A	Director	$0	$0	$0
GINA THACKARA	DIRECTOR	N/A	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	$2,429,527	$2,282,717	$435,366	$146,810
2022	$2,036,868	$2,060,211	$253,838	$-23,343
2021	$2,036,246	$2,092,584	$242,178	$-56,338
2020	$2,125,409	$2,091,287	$748,730	$34,122
2019	$1,996,724	$1,896,265	$264,698	$100,459
2018	$1,901,232	$1,891,900	$257,135	$9,332

LUZERNE COUNTY LIBRARY SYSTEM