MARLBOROUGH PUBLIC LIBRARY FOUNDATION INC (EIN 450502625) - 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

2002

Legal Domicile

Principal Officer

DEBORAH JAKUBOWSKI-RUSS

Phone

5086246900

Tax Period

2023-07-01 to 2024-06-30

MARLBOROUGH PUBLIC LIBRARY FOUNDATION INC, founded in 2002, is a small nonprofit in the Education sector that reported $494K in total revenue in fiscal year 2023. Expenses of $624K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO SUPPORT GOOD LIBRARY SERVICES AND PROGRAMS FOR THE CITY OF MARLBOROUGH AND TO SOLICIT, RAISE AND RECEIVE FUNDS FOR CAPITAL IMPROVEMENTS AND GROWTH OF THE MARLBOROUGH PUBLIC 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 $494,278

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $494,278

Expense Breakdown

Grants Paid $600,000

Salaries & Benefits $0

Fundraising Expenses $1,360

Program Expenses $608,264

Other Expenses $23,812

TOTAL EXPENSES $623,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$494,278	$481,043	+0.0%
Expenses	$623,812	$419,110	+0.5%
Net Income	$-129,534	$61,933	-3.1%

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
NENA BLOOMQUIST	CAPITAL CAMPAIGN CHAIR	2.00	Director	$0	$0	$0
RUSTIN KYLE	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH JAKUBOWSKI-RUSS	PRESIDENT	6.00	Officer	$0	$0	$0
JANICE MERK	VICE PRESIDENT	1.00	Officer	$0	$0	$0
KATHLEEN ROUSSEAU	TREASURER	1.00	Officer	$0	$0	$0
GINGER RYAN	CLERK	1.00	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
2025	No data	No data	No data	No data
2024	$494,278	$623,812	$180,906	$-129,534
2023	$481,043	$419,110	$310,440	$61,933
2022	$197,135	$251,652	$248,507	$-54,517

MARLBOROUGH PUBLIC LIBRARY FOUNDATION INC