MAPLEWOOD MEMORIAL LIBRARY FOUNDATION INC (EIN 451733485) - 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

2010

Legal Domicile

Principal Officer

BENJAMIN COHEN

Phone

9737620427

Tax Period

2024-01-01 to 2024-12-31

MAPLEWOOD MEMORIAL LIBRARY FOUNDATION INC, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $259K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 531% operating deficit.

Mission

THE MISSION OF THE MAPLEWOOD MEMORIAL LIBRARY FOUNDATION IS TO PROVIDE SUPPORT FOR AND RAISE FUNDS FOR THE MAPLEWOOD MEMORIAL LIBRARY; ALSO, ITS MISSION IS TO PROMOTE LITERACY AND PROVIDE LIBRARY SERVICES FOR THE PUBLIC.

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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 $196,788

Program Service Revenue $0

Investment Income $62,217

Other Revenue $0

TOTAL REVENUE $259,005

Expense Breakdown

Grants Paid $1,618,593

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,618,593

Other Expenses $16,461

TOTAL EXPENSES $1,635,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,005	$355,173	-0.3%
Expenses	$1,635,054	$182,633	+8.0%
Net Income	$-1,376,049	$172,540	-9.0%

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
ROWLAND BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
DIANE HAASE	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT LADD	DIRECTOR	2.00	Director	$0	$0	$0
AKSHATHA GOPAL SHETTY	DIRECTOR	5.00	Director	$0	$0	$0
R0GENE JACQUETTE	DIRECTOR	4.00	Director	$0	$0	$0
JONATHAN BRUDNER	DIRECTOR	4.00	Director	$0	$0	$0
JODY LIPSKY	DIRECTOR	4.00	Director	$0	$0	$0
LISA HINTELMANN	DIRECTOR	4.00	Director	$0	$0	$0
BENJAMIN COHEN	PRESIDENT	12.00	Officer Director	$0	$0	$0
ELLEN M DAVENPORT	TREASURER	24.00	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	$259,005	$1,635,054	$429,554	$-1,376,049
2023	$355,173	$182,633	$1,805,603	$172,540
2022	$187,107	$19,850	$1,626,374	$167,257
2021	$465,745	$70,842	$1,452,302	$394,903
2020	$82,186	$33,683	$1,057,540	$48,503

MAPLEWOOD MEMORIAL LIBRARY FOUNDATION INC