Milford District Free Public Libra… - Form 990 Financial Data

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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

1920

Legal Domicile

Principal Officer

Lea Rosell

Phone

3024228996

Tax Period

2024-07-01 to 2025-06-30

Milford District Free Public Libray Commission, founded in 1920, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $278K, a strong 23% operating margin.

Mission

Library services for residents of Milford School District, Kent & Sussex Counties including provide access and guidance to information and materials to fulfill edcuational, informational, recreational and cultural needs.

Program Service Accomplishments

Program 1

Expenses: $941,686 Revenue: $1,219,658

OPERATION OF THE LIBRARY TO SERVE ANY LIBRARY CARD HOLDER OF THE STATE OF DELAWARE.

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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 $1,186,201

Program Service Revenue $17,222

Investment Income $20,290

Other Revenue $-4,055

TOTAL REVENUE $1,219,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $525,018

Fundraising Expenses $0

Program Expenses $941,686

Other Expenses $416,668

TOTAL EXPENSES $941,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,219,658	$1,183,624	+0.0%
Expenses	$941,686	$955,571	0.0%
Net Income	$277,972	$228,053	+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

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

$79,096

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lois Studte	President	2.00	Officer	$0	$0	$0
Joe Zurzolo	Vice President	2.00	Officer	$0	$0	$0
Ray Lynch	Treasurer	2.00	Officer	$0	$0	$0
Patricia Calhoun	Secretary	2.00	Officer	$0	$0	$0
Ya'nelle Powell	At-Large	2.00	Officer	$0	$0	$0
Lea Rosell	Director	40.00	Key Emp Highest	$0	$0	$79,096

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	$1,219,658	$941,686	$5,006,141	$277,972
2024	$1,183,624	$955,571	$4,728,169	$228,053
2023	$1,096,412	$1,031,794	$4,417,789	$64,618
2022	$876,759	$1,047,557	$4,245,694	$-170,798
2021	$748,627	$911,135	$4,545,662	$-162,508
2020	$815,900	$934,665	$4,539,584	$-118,765
2019	$674,465	$890,966	$4,668,160	$-216,501
2018	$634,698	$931,249	$4,870,359	$-296,551

Milford District Free Public Libray Commission