FRIENDS OF THE TROY 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

1962

Legal Domicile

Principal Officer

APRIL CHURCH

Phone

2483881329

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF THE TROY PUBLIC LIBRARY, founded in 1962, is a micro nonprofit in the Education sector that reported $96K in total revenue in fiscal year 2023. The organization ran a surplus of $24K, a strong 25% operating margin.

Mission

TO PROVIDE PROGRAMS AND SERVICES TO PATRONS AT THE TROY PUBLIC LIBRARY

Program Service Accomplishments

Program 1

Expenses: $10,086 Revenue: $13,168

ADULT PROGRAMS TO BENEFIT ALL LIBRARY ADULT PATRONS, INCLUDING ALL SUPPLIES, PRESENTATIONS AND READING PROGRAMS.

Program 2

Expenses: $21,457 Revenue: $28,442

YOUTH PROGRAM TO BENEFIT ALL LIBRARY YOUTH PATRONS, INCLUDES ALL SUPPLIES, PRESENTATIONS AND READING PROGRAMS.

Program 3

Expenses: $6,237 Revenue: $0

DIRECT PURCHASES TO BENEFIT ALL LIBRARY PATRONS, INCLUDING PRESENTATIONS, PROGRAMS, LIBRARY EQUIPMENT AND IMPROVEMENTS.

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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 $27,506

Program Service Revenue $52,671

Investment Income $15,753

Other Revenue $0

TOTAL REVENUE $95,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,215

Other Expenses $71,828

TOTAL EXPENSES $71,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,930	$94,942	+0.0%
Expenses	$71,828	$90,773	-0.2%
Net Income	$24,102	$4,169	+4.8%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY LYNN BOWEN	VICE PRESIDENT	4.00	Director	$0	$0	$0
JEFFREY MARRACCINI	DIRECTOR	2.0	Director	$0	$0	$0
LYNDA BELIAN	DIRECTOR	4.0	Director	$0	$0	$0
DOUGLAS QUICK	DIRECTOR	1.0	Director	$0	$0	$0
APRIL CHURCH	PRESIDENT	4.0	Officer	$0	$0	$0
LAURIE CHURCH	TREASURER	4.0	Officer	$0	$0	$0
WENDY QUICK	SECRETARY	2.0	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
2025	No data	No data	No data	No data
2024	$95,930	$71,828	$529,725	$24,102