ADDISON TOWNSHIP PUBLIC LIBRARY

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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

1978

Legal Domicile

Principal Officer

DAWN ELSARELLI

Phone

2486287180

Tax Period

2024-01-01 to 2024-12-31

ADDISON TOWNSHIP PUBLIC LIBRARY, founded in 1978, is a small nonprofit in the Education sector that reported $411K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $175K, a strong 42% operating margin.

Mission

THE ADDISON TOWNSHIP PUBLIC LIBRARY'S MISSION IS TO PROVIDE ACCESS TO INFORMATION, LITERATURE AND LEARNING THROUGH PRINT, DIGITAL AND INTERNET RESOURCES. THE LIBRARY ALSO FULFILLS IT'S MISSION BY PROVIDING LECTURES, PRESENTATIONS, CULTURAL/EDUCATIONAL EVENTS AND OPPORTUNITIES FOR COMMUNITY VOLUNTEERING AND SOCIAL INTERACTION.

Program Service Accomplishments

Program 1

Expenses: $236,749 Revenue: $26,790

LIBRARY SERVICES PROVIDED TO LIBRARY PATRONS INCLUDING SUPPORT FOR ONLINE AND BIBLIOGRAPHIC CATALOGS AS WELL AS LIBRARY READING PROGRAMS FOR CHILDREN AND ADULTS.

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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 $384,498

Program Service Revenue $5,083

Investment Income $21,707

Other Revenue $0

TOTAL REVENUE $411,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,001

Fundraising Expenses $0

Program Expenses $236,749

Other Expenses $139,748

TOTAL EXPENSES $236,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,288	$360,417	+0.1%
Expenses	$236,749	$309,930	-0.2%
Net Income	$174,539	$50,487	+2.5%

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

$25,783

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA NEWBY	TRUSTEE	2.00	Director	$0	$0	$0
WESLEY PACK	TRUSTEE	2.00	Director	$0	$0	$0
DAWN ELSARELLI	LIBRARY DIRECTOR	28.00	Director	$25,783	$0	$25,783
JAMES ELSARELLI	PRESIDENT	2.00	Officer	$0	$0	$0
JAMES BALDIGA	VICE PRESIDENT	4.00	Officer	$0	$0	$0
CHUCK MEININGER	SECRETARY	2.00	Officer	$0	$0	$0
MARILYN SZOST	TREASURER	2.00	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
2024	$411,288	$236,749	$3,150,892	$174,539
2023	$360,417	$309,930	$2,981,605	$50,487
2022	$559,564	$308,477	$2,934,652	$251,087
2021	$321,218	$249,981	$2,672,170	$71,237
2020	$357,914	$250,783	$2,600,933	$107,131
2019	$333,464	$270,878	$2,493,802	$62,586
2018	$308,689	$242,510	$2,433,732	$66,179