FRIENDS OF THE UNIVERSITY OF DELAWARE LIBRARY INC

EIN: 516017971 501(c)(3) Education

NEWARK, DE

Total Revenue
$85,859
Total Expenses
$187,567
Total Assets
$2,071,886
Net Assets
$2,071,886
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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
1957
Legal Domicile
DE
Phone
3028312231
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF THE UNIVERSITY OF DELAWARE LIBRARY INC, founded in 1957, is a micro nonprofit in the Education sector that reported $86K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $188K exceeded revenue, resulting in a 118% operating deficit.

Mission

THE MISSION IS TO RAISE FUNDS TO SUPPORT THE UNIVERSITY OF DELAWARE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $49,387
Program Service Revenue $13,550
Investment Income $22,922
Other Revenue $0
TOTAL REVENUE $85,859

Expense Breakdown

Grants Paid $152,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $182,391
Other Expenses $35,567
TOTAL EXPENSES $187,567

Year-over-Year Comparison

2024 2023 Change
Revenue $85,859 $96,031 -0.1%
Expenses $187,567 $181,122 +0.0%
Net Income $-101,708 $-85,091 +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

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Governance

Voting Members
19
Independent Members
16
Employees
N/A
Volunteers
16

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
5
$376,577
Total Directors
19
$388,124
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID P REDLAWSK PHD TREASURER 4.0
Officer Director
$0 $55,620 $304,906
DR MARILYN K LYNAM-JEWETT VICE PRESIDENT 2.0
Officer Director
$0 $0 $0
ELIZABETH M MCGEEVER SECRETARY 2.0
Officer Director
$0 $0 $0
JAMES P DALLE PAZZE PRESIDENT 2.0
Officer Director
$0 $0 $0
MARK S LASNER DIRECTOR AT LARGE 4.0
Officer Director
$0 $18,391 $71,671
ANTHONY G FLYNN DIRECTOR 2.0
Director
$0 $0 $0
DAVID L HAMILTON DIRECTOR 2.0
Director
$0 $0 $0
DR GEORGE H WATSON JR DIRECTOR 2.0
Director
$0 $0 $0
DR JOHN R JUNGCK DIRECTOR 2.0
Director
$0 $0 $0
DR MATTHEW S WEINERT DIRECTOR 2.0
Director
$0 $0 $0
DR ROBERT L HAMPEL DIRECTOR 2.0
Director
$0 $11,547 $11,547
DR RONALD M FINCH DIRECTOR 2.0
Director
$0 $0 $0
EDMOND L LINCOLN DIRECTOR 2.0
Director
$0 $0 $0
JOHN B TEPE JR DIRECTOR 2.0
Director
$0 $0 $0
KATHERINE H BETTERLY DIRECTOR 2.0
Director
$0 $0 $0
MARSHA BARNETT DIRECTOR 2.0
Director
$0 $0 $0
SHANNON F ATHEY DIRECTOR AS OF 1/1/2025 2.0
Director
$0 $0 $0
SUSAN BRYNTESON DIRECTOR 2.0
Director
$0 $0 $0
TIMOTHY D MURRAY DIRECTOR 2.0
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
2025 $85,859 $187,567 $2,071,886 $-101,708
2024 $96,031 $181,122 $2,006,230 $-85,091
2023 $98,201 $220,048 $1,949,204 $-121,847
2022 $92,777 $129,341 $2,000,861 $-36,564
2021 $53,492 $96,141 $2,189,375 $-42,649
2020 $67,235 $131,650 $1,637,991 $-64,415
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