GIRARD FREE LIBRARY ASSOCIATION (EIN 346001229) - 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

1920

Legal Domicile

Principal Officer

SARAH GILPIN

Phone

3305452508

Tax Period

2024-01-01 to 2024-12-31

GIRARD FREE LIBRARY ASSOCIATION, founded in 1920, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $1.5M exceeded revenue, resulting in a 44% operating deficit.

Mission

ESTABLISHED IN 1921 TO FOSTER A TASTE FOR GOOD LITERATURE, PROVIDE A MEANS OF RESEARCH ALONG EDUCATION LINES, AND PROMOTE THE PUBLIC WELFARE BY PROVIDING PROPER LITERACY DIVERSION FOR LEISURE HOURS FOR THE TOWN OF GIRARD, OHIO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $966,874

Program Service Revenue $2,875

Investment Income $56,117

Other Revenue $5,191

TOTAL REVENUE $1,031,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $668,228

Fundraising Expenses $0

Program Expenses $1,357,174

Other Expenses $819,338

TOTAL EXPENSES $1,487,566

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,031,057	$1,073,323	0.0%
Expenses	$1,487,566	$1,012,883	+0.5%
Net Income	$-456,509	$60,440	-8.6%

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

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
ROSELYN GADD	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL MARTUCCIO	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
THERESE MEECHAN	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES MELFI	BOARD MEMBER	N/A	Director	$0	$0	$0
SAL PONZIO	BOARD MEMBER	N/A	Director	$0	$0	$0
MEGHAN RAGOZZINO	PRESIDENT	N/A	Officer Director	$0	$0	$0
HENRY SFORZA	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
KATHLEEN TOMASINO	BOARD MEMBER	N/A	Director	$0	$0	$0
NATHAN WALKER	SECRETARY	N/A	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
2024	$1,031,057	$1,487,566	$714,696	$-456,509
2023	$1,073,323	$1,012,883	$1,171,205	$60,440
2022	$1,024,895	$1,055,194	$1,110,765	$-30,299
2021	$950,382	$934,295	$1,141,064	$16,087
2020	$994,819	$836,879	$1,124,977	$157,940
2019	$872,837	$846,354	$967,037	$26,483
2018	$847,327	$819,871	$940,554	$27,456

GIRARD FREE LIBRARY ASSOCIATION