SEAFORD DISTRICT LIBRARY INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1902

Legal Domicile

Principal Officer

VIRGINIA HASTINGS

Phone

3026292524

Tax Period

2024-07-01 to 2025-06-30

SEAFORD DISTRICT LIBRARY INC, founded in 1902, is a small nonprofit that reported $498K in total revenue in fiscal year 2024. Expenses of $571K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE SEAFORD DISTRICT LIBRARY PROVIDES ACCESS TO INFORMATION AND LIBRARY MATERIALS FOR RESIDENTS AND VISITORS TO SUSSEX COUNTY IN THE STATE OF DELAWARE.

Program Service Accomplishments

Program 1

Expenses: $525,106 Revenue: $491,717

THE SEAFORD DISTRICT LIBRARY PROVIDES ACCESS TO INFORMATION AND LIBRARY MATERIALS FOR RESIDENTS AND VISITORS TO SUSSEX COUNTY IN THE STATE OF DELAWARE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $468,380

Program Service Revenue $23,171

Investment Income $6,325

Other Revenue $166

TOTAL REVENUE $498,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,583

Fundraising Expenses $0

Program Expenses $525,106

Other Expenses $385,834

TOTAL EXPENSES $571,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$498,042	$480,234	+0.0%
Expenses	$571,417	$615,055	-0.1%
Net Income	$-73,375	$-134,821	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$53,615

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIRGINIA HASTINGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
RONY FLECHIER	TREASURER	1.00	Officer Director	$0	$0	$0
TRACY TORBERT	MEMBER	1.00	Director	$0	$0	$0
KIMBERLY KILMER	MEMBER	1.00	Director	$0	$0	$0
JOSE SANTOS	MEMBER	1.00	Director	$0	$0	$0
RONALD J KEISER	LIBRARY DIRECTOR	40.00	Key Emp	$53,615	$0	$53,615

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	$498,042	$571,417	$2,823,468	$-73,375
2024	$480,234	$615,055	$2,870,471	$-134,821
2023	$485,842	$636,451	$2,996,968	$-150,609
2022	$558,159	$989,531	$3,135,505	$-431,372
2021	$1,026,664	$817,994	$3,614,098	$208,670
2020	$409,447	$389,053	$325,634	$20,394