NEW CASTLE PUBLIC LIBRARY (EIN 256002274) - 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

2023

Legal Domicile

Principal Officer

ANDREW W HENLEY

Phone

7246586659

Tax Period

2023-01-01 to 2023-12-31

NEW CASTLE PUBLIC LIBRARY, founded in 2023, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $804K, a strong 38% operating margin.

Mission

THE PURPOSE OF THE NEW CASTLE PUBLIC LIBRARY IS TO PROVIDE FREE PUBLIC LIBRARY SERVICE TO ALL RESIDENTS OF ITS DESIGNATED SERVICE AREA AND AS FURTHER SET FORTH IN ITS ARTICLES OF INCORPORATION PURSUANT TO THE PENNSYLVANIA NONPROFIT CORPORATION LAW OF 1988, AS AMENDED.

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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 $2,048,526

Program Service Revenue $711

Investment Income $30,011

Other Revenue $12,443

TOTAL REVENUE $2,091,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $656,106

Fundraising Expenses $46,093

Program Expenses $1,001,998

Other Expenses $631,741

TOTAL EXPENSES $1,287,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,091,691	$1,127,980	+0.9%
Expenses	$1,287,847	$1,221,410	+0.1%
Net Income	$803,844	$-93,430	-9.6%

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

$71,411

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW W HENLEY	EXECUTIVE DIRECTOR	040.00	Officer	$62,011	$1,000	$63,011
RAYMOND E STOUFFER	FINANCIAL OFFICER	040.00	Officer	$8,400	$0	$8,400
PHILIP J TRAMDACK	PRESIDENT	001.00	Director	$0	$0	$0
JOSEPH AMBROSINI	TREASURER	001.00	Director	$0	$0	$0
TERRI SQUEGLIA	TRUSTEE	001.00	Director	$0	$0	$0
DR MICHELE CAMPBELL	TRUSTEE	001.00	Director	$0	$0	$0
ATTY DENNIS MCCURDY	TRUSTEE	001.00	Director	$0	$0	$0
DR PATRICIA KARDAMBIKIS	TRUSTEE	001.00	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	$2,091,691	$1,287,847	$1,956,927	$803,844

NEW CASTLE PUBLIC LIBRARY