Newport Public Library

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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

1969

Legal Domicile

Principal Officer

Amanda Loveland

Phone

7175676860

Tax Period

2024-01-01 to 2024-12-31

Newport Public Library, founded in 1969, is a small nonprofit that reported $391K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 40% operating margin.

Mission

The mission of the Newport Public Library: To bring people, ideas, and information for the good of every individual and the community it services. The library aims to be a leading resource for information and the center for lifelong learning in our community.

Program Service Accomplishments

Program 1

Expenses: $190,564 Revenue: $0

Newport Public Library Purchases and maintains a varied collection of library materials for use by the general public. This includes books, magazines, newspapers, audiobooks, music, videos and other materials of both educational and entertainment value. Items may be checked out by registered borrowers, or used within the library. Expenses include library collections expenses, plus the expenses of housing them (building and office expenses), which entails the entire expense for the library minus the two expense categories below. No revenue generated by this program

Program 2

Expenses: $10,044 Revenue: $0

Newport Public Library maintains a number of internet connected computers for the use by the general public. These may be used by anyone who chooses to visit our location. In addition, Newport Public Library offers free wireless access to the internet by anyone who chooses to bring their own internet - accessible devices to our location. No revenue generated by this program.

Program 3

Expenses: $5,458 Revenue: $0

Newport Public Library provides reading-related programs for people of all ages. These include, but are not limited to preschool story times, summer reading clubs for children, teens, and adults and irregularly scheduled programs of education nature for children, teens and adults. No revenue generated by this program.

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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 $101,096

Program Service Revenue $2,075

Investment Income $288,315

Other Revenue $0

TOTAL REVENUE $391,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,107

Fundraising Expenses $8,176

Program Expenses $206,066

Other Expenses $137,707

TOTAL EXPENSES $233,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$391,486	$279,433	+0.4%
Expenses	$233,814	$200,474	+0.2%
Net Income	$157,672	$78,959	+1.0%

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
Jennifer Daub	Trustee	0.00	Director	$0	$0	$0
Jim Hahn	Vice President	0.00	Director	$0	$0	$0
Amanda Schrader	President	0.00	Officer Director Key Emp	$0	$0	$0
Brittany Shetter	Secretary	0.00	Officer Director	$0	$0	$0
Lindsay Hahn	Trustee	N/A		$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	$391,486	$233,814	$2,122,882	$157,672
2023	$279,433	$200,474	$1,593,932	$78,959
2022	$204,542	$170,106	$1,745,395	$34,436
2021	$394,505	$137,908	$2,017,270	$256,597
2020	$166,262	$156,519	$1,649,184	$9,743
2019	$167,858	$174,752	$1,549,209	$-6,894
2018	$164,303	$189,718	$1,387,309	$-25,415