SOMERSET COUNTY FEDERATED LIBRARY SYSTEM INC (EIN 232877023) - 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

1997

Legal Domicile

Principal Officer

TIFFANY STANLEY

Phone

8144452556

Tax Period

2024-01-01 to 2024-12-31

SOMERSET COUNTY FEDERATED LIBRARY SYSTEM INC, founded in 1997, is a small nonprofit in the Education sector that reported $449K in total revenue in fiscal year 2024.

Mission

THE SYSTEM WAS FORMED TO COORDINATE THE EFFORTS OF THREE PUBLIC LIBRARIES FOR COLLECTIONS AND REFERENCE MATERIALS AND PROVIDE LIBRARY SERVICES FOR ALL THREE LIBRARIES IN A COOPERATIVE FASHION.

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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 $448,676

Program Service Revenue $0

Investment Income $304

Other Revenue $0

TOTAL REVENUE $448,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,655

Fundraising Expenses $0

Program Expenses $285,972

Other Expenses $330,056

TOTAL EXPENSES $435,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$448,980	$435,499	+0.0%
Expenses	$435,711	$455,307	0.0%
Net Income	$13,269	$-19,808	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE BARNDT	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT GILMORE	TREASURER	N/A	Officer Director	$0	$0	$0
RAY HELINSKI	DIRECTOR	N/A	Director	$0	$0	$0
FRANCESKA NORWICH	DIRECTOR	N/A	Director	$0	$0	$0
MELANIE RECKNER	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM SEGER	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
LESLIE SHAFFER	SECRETARY	N/A	Officer Director	$0	$0	$0
TIFFANY STANLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
PAMELA TOKAR-ICKES	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	$448,980	$435,711	$135,581	$13,269
2023	$435,499	$455,307	$122,312	$-19,808
2022	$429,775	$446,520	$142,120	$-16,745
2021	$335,554	$395,066	$158,865	$-59,512
2020	$484,918	$428,248	$218,377	$56,670
2019	$393,800	$389,842	$161,707	$3,958
2018	$387,469	$385,559	$157,749	$1,910

SOMERSET COUNTY FEDERATED LIBRARY SYSTEM INC