NORTHVILLE LIBRARY FOUNDATION INC

EIN: 320752652 501(c)(3)

Northville, NY

Total Revenue
$402,187
Total Expenses
$105,549
Total Assets
$410,009
Net Assets
$305,009
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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
2022
Legal Domicile
NY
Principal Officer
Richard Cole
Phone
5188636922
Tax Period
2024-01-01 to 2024-12-31

NORTHVILLE LIBRARY FOUNDATION INC, founded in 2022, is a small nonprofit that reported $402K in total revenue in fiscal year 2024. Revenue surged 5025% from the prior year, signaling strong growth momentum. The organization ran a surplus of $297K, a strong 74% operating margin.

Mission

Support of educational programs and materials for the Northville Public library

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $399,914
Program Service Revenue $0
Investment Income $2,273
Other Revenue $0
TOTAL REVENUE $402,187

Expense Breakdown

Grants Paid $105,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,549
Other Expenses $549
TOTAL EXPENSES $105,549

Year-over-Year Comparison

2024 2023 Change
Revenue $402,187 $7,848 +50.2%
Expenses $105,549 N/A N/A
Net Income $296,638 $7,848 +36.8%
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

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Governance

Voting Members
3
Independent Members
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Cole trustee 1
Director Highest
$0 $0 $0
Micheal Feldman trustee 1
Director
$0 $0 $0
Alisha Rivera-Holmes Director of the Northville Library 1
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 $402,187 $105,549 $410,009 $296,638
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