Norwin Public Library Association

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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

1943

Legal Domicile

Principal Officer

John M Duncan

Phone

7248634700

Tax Period

2025-01-01 to 2025-12-31

Norwin Public Library Association, founded in 1943, is a small nonprofit in the Education sector that reported $792K in total revenue in fiscal year 2025. Net assets of $5.1M represent 77 months of operating reserves.

Mission

To fulfill the informational needs of the residents of Norwin School District.

Program Service Accomplishments

Program 1

Expenses: $750,442

To fulfill the informational needs of the residents of Norwin 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 (2025)

Revenue Breakdown

Contributions & Grants $703,386

Program Service Revenue $727

Investment Income $83,773

Other Revenue $3,898

TOTAL REVENUE $791,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $448,326

Fundraising Expenses $0

Program Expenses $750,442

Other Expenses $365,331

TOTAL EXPENSES $813,657

Year-over-Year Comparison

	2025	2024	Change
Revenue	$791,784	$797,706	0.0%
Expenses	$813,657	$773,423	+0.1%
Net Income	$-21,873	$24,283	-1.9%

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

$79,361

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diana Falk	Director	40.00	Officer	$79,361	$0	$79,361
William F Caruthers II	Member	1.00	Director	$0	$0	$0
Tracy Austin Hawley	Member	1.00	Director	$0	$0	$0
Robert G Cole	Member	1.00	Director	$0	$0	$0
Edward J Federinko	Member	1.00	Director	$0	$0	$0
John M Duncan	President	1.00	Officer	$0	$0	$0
James M Duffy	Vice President	1.00	Officer	$0	$0	$0
Jack Boylan	Secretary	1.00	Officer	$0	$0	$0
Rosanne Novotnak	Treasurer	1.00	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
2025	$791,784	$813,657	$5,069,260	$-21,873
2024	$797,706	$773,423	$4,814,557	$24,283
2023	$787,616	$760,007	$4,581,293	$27,609
2022	$755,250	$698,936	$4,311,275	$56,314
2021	$821,773	$699,271	$4,655,604	$122,502
2021	$821,773	$699,271	$4,655,604	$122,502
2020	$698,518	$698,084	$4,472,367	$434
2019	$732,832	$707,059	$4,161,080	$25,773
2018	$694,823	$695,550	$3,912,537	$-727