FRIENDS OF THE SIMSBURY PUBLIC LIBRARY (EIN 237288807) - 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

1974

Legal Domicile

Principal Officer

Gregory Golinski

Phone

3039108124

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE SIMSBURY PUBLIC LIBRARY, founded in 1974, is a small nonprofit that reported $121K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $134K exceeded revenue, resulting in a 11% operating deficit.

Mission

Enhance public library services. The organization raises money through its membership and used book sale to support the Simsbury Public Library through the purchase of library materials, services, equipment, furniture and fixtures. The organization also periodically raises money for library building programs.

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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 $48,925

Program Service Revenue $0

Investment Income $16,778

Other Revenue $55,363

TOTAL REVENUE $121,066

Expense Breakdown

Grants Paid $83,161

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,110

Other Expenses $50,809

TOTAL EXPENSES $133,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$121,066	$155,760	-0.2%
Expenses	$133,970	$132,200	+0.0%
Net Income	$-12,904	$23,560	-1.5%

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

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
Gregory Golinski	President	10	Officer Director	$0	$0	$0
Doris Rothe	Membership Sirector	6.00	Director	$0	$0	$0
Charmaine Glew	Director and Co-Chaor of Book Sale Committee	2	Director	$0	$0	$0
Charles Dahlberg	Director	1	Director	$0	$0	$0
John Schuyler	Assitant Treasurer	1	Director Key Emp	$0	$0	$0
Amber Abbuhl	Treasurer	2	Director Key Emp	$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
2025	$121,066	$133,970	$526,180	$-12,904
2024	$155,760	$132,200	$534,274	$23,560
2023	$105,205	$108,837	$510,714	$-3,632
2022	$100,716	$105,835	$514,346	$-5,119
2021	$66,223	$72,735	$519,465	$-6,512
2020	$107,038	$84,555	$525,977	$22,483
2019	$128,395	$189,844	$503,494	$-61,449

FRIENDS OF THE SIMSBURY PUBLIC LIBRARY