CRANSTON 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

2010

Legal Domicile

Principal Officer

EDWARD A GARCIA JR

Phone

4019439080

Tax Period

2025-01-01 to 2025-12-31

CRANSTON PUBLIC LIBRARY ASSOCIATION, founded in 2010, is a small nonprofit in the Education sector that reported $243K in total revenue in fiscal year 2025. Revenue surged 350% from the prior year, signaling strong growth momentum. The organization ran a surplus of $179K, a strong 74% operating margin.

Mission

THE CRANSTON PUBLIC LIBRARY ASSOCIATION WILL SECURE CONTRIBUTIONS TO HELP FULFILL THE MISSION OF THE CRANSTON PUBLIC LIBRARY. FUNDS WILL BE MADE AVAILABLE TO THE CRANSTON PUBLIC LIBRARY FOR THE SUPPORT OF PUBLIC SERVICES, PROGRAMMATIC AND CAPITAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $37,779 Revenue: $3,796

THIS PROGRAM IS THE FRIENDS OF THE CRANSTON PUBLIC LIBRARY MEMBERSHIPS. THE MEMBERSHIP DUES ARE USED TO PROVIDE FUNDS TO THE CRANSTON PUBLIC LIBRARY FOR PROGRAMS SUCH AS THE SUMMER READING PROGRAM...

THIS PROGRAM IS THE FRIENDS OF THE CRANSTON PUBLIC LIBRARY MEMBERSHIPS. THE MEMBERSHIP DUES ARE USED TO PROVIDE FUNDS TO THE CRANSTON PUBLIC LIBRARY FOR PROGRAMS SUCH AS THE SUMMER READING PROGRAM AND MUSEUM PASS 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 (2025)

Revenue Breakdown

Contributions & Grants $226,009

Program Service Revenue $0

Investment Income $12,501

Other Revenue $4,626

TOTAL REVENUE $243,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,779

Other Expenses $64,152

TOTAL EXPENSES $64,152

Year-over-Year Comparison

	2025	2024	Change
Revenue	$243,136	$54,068	+3.5%
Expenses	$64,152	$73,853	-0.1%
Net Income	$178,984	$-19,785	-10.0%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
EDWARD A GARCIA	EXECUTIVE DIRECTOR	Director	$0	$0	$0
KATE FELDER	SECRETARY	Officer Director	$0	$0	$0
ANGELA M BUCCI	EXECUTIVE BOARD	Director	$0	$0	$0
GENE EMERY	EXECUTIVE BOARD	Director	$0	$0	$0
JESSICA DAVID	PRESIDENT	Officer	$0	$0	$0
MICHAEL GOLDBERG	TREASURER	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	$243,136	$64,152	$564,308	$178,984
2024	No data	No data	No data	No data
2023	$35,839	$31,769	$337,935	$4,070
2022	$46,557	$29,361	$305,876	$17,196
2021	$306,525	$18,158	$321,665	$288,367