EXETER LIBRARY ASSOCIATION INC (EIN 232968716) - 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

1998

Legal Domicile

Principal Officer

CHRISTY RESH

Phone

6104069431

Tax Period

2024-01-01 to 2024-12-31

EXETER LIBRARY ASSOCIATION INC, founded in 1998, is a small nonprofit in the Education sector that reported $653K in total revenue in fiscal year 2024. Expenses of $568K left a modest 13% surplus.

Mission

AS PART OF THE BERKS COUNTY PUBLIC LIBRARIES SYSTEM, EXETER LIBRARY ASSOCIATION INC IS AN INDEPENDENT PARTICIPATING PUBLIC LIBRARY IN BERKS COUNTY COMMMITTED TO SERVE THE COMMUNITY AS A CENTER OF LEARNING, ACCESSIBLE RECREATION, PRACTICAL TOOLS, AND NEARLY 500 FREE PROGRAMS DESIGNED FOR CHILDREN AND ADULTS TO PARTICIPATE IN THROUGHOUT THE YEAR.

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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 $627,082

Program Service Revenue $17,675

Investment Income $55

Other Revenue $7,981

TOTAL REVENUE $652,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,201

Fundraising Expenses $5,457

Program Expenses $472,922

Other Expenses $269,811

TOTAL EXPENSES $568,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$652,793	$629,937	+0.0%
Expenses	$568,012	$617,740	-0.1%
Net Income	$84,781	$12,197	+6.0%

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
IBRAHIM BANGURA	TRUSTEE	2.00	Director	$0	$0	$0
MIKE BENNETHUM	TRUSTEE	2.00	Director	$0	$0	$0
TODD DIERKSHEIDE	TRUSTEE	2.00	Director	$0	$0	$0
MIKE FRITZ	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS SPERAT	TRUSTEE	2.00	Director	$0	$0	$0
LAURA BIANCONE	VICE PRESIDE	2.00	Officer	$0	$0	$0
MARIEL JORDAN	SECRETARY	2.00	Officer	$0	$0	$0
THERESA MOWAD	PRESIDENT	2.00	Officer	$0	$0	$0
CHRISTY RESH	TREASURER	2.00	Officer	$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	$652,793	$568,012	$739,627	$84,781
2023	$629,937	$617,740	$654,846	$12,197
2022	$621,988	$512,647	$642,649	$109,341
2021	$512,980	$455,831	$533,308	$57,149
2020	$485,833	$447,484	$476,159	$38,349
2019	$516,710	$520,393	$437,810	$-3,683
2018	$469,558	$509,449	$441,493	$-39,891

EXETER LIBRARY ASSOCIATION INC