KENT FREE LIBRARY FOUNDATION INC (EIN 340003580) - 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

1977

Legal Domicile

Phone

3306734414

Tax Period

2023-01-01 to 2023-12-31

KENT FREE LIBRARY FOUNDATION INC, founded in 1977, is a micro nonprofit that reported $9K in total revenue in fiscal year 2023. Revenue fell 109% from the prior year — a significant decline worth monitoring.

Mission

TO FUND ACTIVITIES AND PROGRAMS OF THE KENT FREE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,961

Program Service Revenue $720

Investment Income $-38,872

Other Revenue $24,170

TOTAL REVENUE $-9,021

Expense Breakdown

Grants Paid $14,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,119

Other Expenses $15,600

TOTAL EXPENSES $30,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-9,021	$95,574	-1.1%
Expenses	$30,100	$25,630	+0.2%
Net Income	$-39,121	$69,944	-1.6%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACEY RICHARDSON	Secretary	5.00	Officer Director	$0	$0	$0
JOHN RYAN	Director	1.00	Director	$0	$0	$0
JAMES BEAR	Treasurer	1.00	Officer Director	$0	$0	$0
ASAD KAHN	Director	1.00	Director	$0	$0	$0
IRIS MELTZER	President	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$-9,021	$30,100	$2,397,270	$-39,121
2022	$95,574	$25,630	$2,258,746	$69,944
2021	$235,213	$80,552	$2,372,790	$154,661
2020	$430,520	$12,928	$2,004,043	$417,592
2019	$43,683	$26,851	$1,504,337	$16,832
2018	$33,892	$96,748	$1,346,322	$-62,856

KENT FREE LIBRARY FOUNDATION INC