FRANKFORD PUBLIC LIBRARY LTD

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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

1994

Legal Domicile

Principal Officer

CYNTHIA D STROUSE

Phone

3027329351

Tax Period

2024-07-01 to 2025-06-30

FRANKFORD PUBLIC LIBRARY LTD, founded in 1994, is a small nonprofit that reported $463K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $396K left a modest 15% surplus.

Mission

THE FRANKFORD PUBLIC LIBRARY PROVIDES ACCESS TO INFORMATION AND LIBRARY MATERIALS TO RESIDENTS AND VISITORS OF SUSSEX COUNTY IN THE STATE OF DELWARE.

Program Service Accomplishments

Program 1

Expenses: $395,813 Revenue: $463,453

THE FRANKFORD PUBLIC LIBRARY PROVIDES ACCESS TO INFORMATION AND LIBRARY MATERIALS TO RESIDENTS AND VISITORS OF SUSSEX COUNTY IN 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 $446,966

Program Service Revenue $6,646

Investment Income $9,841

Other Revenue $0

TOTAL REVENUE $463,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,561

Fundraising Expenses $0

Program Expenses $395,813

Other Expenses $191,252

TOTAL EXPENSES $395,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$463,453	$370,864	+0.2%
Expenses	$395,813	$446,495	-0.1%
Net Income	$67,640	$-75,631	-1.9%

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

$54,696

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cynthia Strouse	President/Treasurer	25.00	Officer Director	$0	$0	$0
Dan Goodemote	Vice President	5.00	Officer Director	$0	$0	$0
Glendalyn Harris	Secretary	5.00	Officer Director	$0	$0	$0
Marlene Biddenger	At Large Trustee	10.00	Director	$0	$0	$0
Lucinda Spence	At Large Trustee	5.00	Director	$0	$0	$0
Bonita Elliott	Director	40.00	Key Emp Highest	$0	$0	$54,696

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	$463,453	$395,813	$350,502	$67,640
2024	$370,864	$446,495	$292,268	$-75,631
2023	$292,471	$327,656	$368,852	$-35,185
2022	$316,389	$251,782	$403,949	$64,607
2021	$264,895	$209,761	$336,118	$55,134
2020	$271,900	$238,709	$281,011	$33,191
2019	$258,494	$246,140	$248,062	$12,354