REUBEN MCMILLAN FREE LIBRARY ASSOCIATION (EIN 346003201) - 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

1880

Legal Domicile

Principal Officer

AIMEE FIFAREK

Phone

3307448636

Tax Period

2023-01-01 to 2023-12-31

REUBEN MCMILLAN FREE LIBRARY ASSOCIATION, founded in 1880, is a mid-sized nonprofit in the Education sector that reported $23.3M in total revenue in fiscal year 2023. Expenses of $20.7M left a modest 11% surplus.

Mission

OPERATION OF A FREE LIBRARY SYSTEM FOR RESIDENTS OF YOUNGSTOWN AND MAHONING COUNTY SERVING A POPULATION OF 225,596 WITH 117,239 REGISTERED BORROWERS OFFERING A WIDE VARIETY OF SERVICES. APPROXIMATELY ONE MILLION PEOPLE PASS THROUGH THE DOORS OF THE LIBRARY SYSTEM EACH YEAR.

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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 $21,771,134

Program Service Revenue $113,608

Investment Income $1,363,773

Other Revenue $84,112

TOTAL REVENUE $23,332,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,179,592

Fundraising Expenses $30,158

Program Expenses $18,506,396

Other Expenses $7,530,778

TOTAL EXPENSES $20,710,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,332,627	$22,118,108	+0.1%
Expenses	$20,710,370	$18,749,368	+0.1%
Net Income	$2,622,257	$3,368,740	-0.2%

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

228

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

$391,501

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS M FROST	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANGELA DUSKEY	TRUSTEE	2.00	Director	$0	$0	$0
ALEX BENYO	TRUSTEE	2.00	Director	$0	$0	$0
ALEXA SWEENEY BLACKANN	TRUSTEE	2.00	Director	$0	$0	$0
TIMOTHY BRESNAHAN	TRUSTEE	2.00	Director	$0	$0	$0
JAMIE VIANO	TRUSTEE	2.00	Director	$0	$0	$0
DELORES CRAWFORD	TRUSTEE	2.00	Director	$0	$0	$0
DENISE GLINATSIS BAYER AS OF 92023	TRUSTEE	2.00	Director	$0	$0	$0
JAMES J MEEHAN	TRUSTEE	2.00	Director	$0	$0	$0
JUDITH SCHMUTZ	TRUSTEE	2.00	Director	$0	$0	$0
RON STROLLO	TRUSTEE	2.00	Director	$0	$0	$0
TERRY DIMASCIO	TRUSTEE	2.00	Director	$0	$0	$0
JOANN STOCK	TRUSTEE	2.00	Director	$0	$0	$0
MARIEL SALLEE	TRUSTEE	2.00	Director	$0	$0	$0
CAROLE S WEIMER	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARY LOU REYES THRU 82023	TRUSTEE	2.00	Director	$0	$0	$0
MARK J MROFCHAK	CHIEF FINANCIAL OFFICER	40.00	Officer	$97,393	$39,884	$137,277
CHRISTINE A MCBANE	DEPUTY FINANCIAL OFFICER	40.00	Officer	$67,274	$28,532	$95,806
AIMEE FIFAREK	CEO & EXECUTIVE DIRECTOR	40.00	Officer	$129,615	$28,803	$158,418

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	$23,332,627	$20,710,370	$94,997,973	$2,622,257
2022	$22,118,108	$18,749,368	$91,822,591	$3,368,740
2021	$21,065,303	$16,128,834	$89,698,038	$4,936,469
2020	$20,384,043	$15,638,101	$84,440,058	$4,745,942
2019	$20,453,933	$17,029,428	$79,350,874	$3,424,505
2018	$19,943,153	$15,976,778	$75,065,449	$3,966,375

REUBEN MCMILLAN FREE LIBRARY ASSOCIATION