CARNEGIE FREE LIBRARY (EIN 250965278) - 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

1904

Legal Domicile

Principal Officer

SHARON MARTINO

Phone

7246281380

Tax Period

2023-01-01 to 2023-12-31

CARNEGIE FREE LIBRARY, founded in 1904, is a small nonprofit that reported $195K in total revenue in fiscal year 2023. Expenses of $310K exceeded revenue, resulting in a 59% operating deficit.

Mission

CARNEGIE FREE LIBRARY IS A PUBLIC LIBRARY SERVING THE INFORMATION NEEDS OF THE 38,000 RESIDENTS OF THE CONNELLSVILLE ARE SCHOOL DISTRICT.

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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 $182,293

Program Service Revenue $5,234

Investment Income $4,890

Other Revenue $2,370

TOTAL REVENUE $194,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,243

Fundraising Expenses $0

Program Expenses $310,380

Other Expenses $182,137

TOTAL EXPENSES $310,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,787	N/A	N/A
Expenses	$310,380	N/A	N/A
Net Income	$-115,593	$0	N/A

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

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
JOHN MALONE	PRESIDENT	10.00	Officer Director	$0	$0	$0
DON GRENALDO	VICE PRESIENT	10.00	Officer Director	$0	$0	$0
LEWIS FALTON	TREASURER	10.00	Officer Director	$0	$0	$0
SUSAN JANE SANDUSKY	SECRETARY	10.00	Officer 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	$194,787	$310,380	$1,083,426	$-115,593
2022	$197,419	$258,448	$1,071,883	$-61,029
2021	$141,307	$240,285	$1,225,854	$-98,978
2020	$390,706	$255,869	$1,268,221	$134,837
2019	$225,873	$274,852	$1,061,638	$-48,979
2018	$402,426	$253,921	$1,051,720	$148,505

CARNEGIE FREE LIBRARY