FRIENDS OF THE UNIVERSITY OF DELAW… - 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

1957

Legal Domicile

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 FRIENDS OF THE UNIVERSITY OF DELAWARE LIBRARY, INC. WORK TO EXPAND AND ENRICH THE RESEARCH COLLECTIONS OF THE UNIVERSITY OF DELAWARE LIBRARY THROUGH GIFTS FROM MEMBERS, FUNDS RAISED BY THE UNIVERSITY OF DELAWARE ASSOCIATES PROGRAMS AND DONATIONS OF SIGNIFICANT BOOKS. ADDITIONALLY, THE ORGANIZATION SPONSORS PUBLICATIONS AND ACTIVITIES THAT MAKE THE COLLECTIONS BETTER KNOWN TO THE UNIVERSITY, NATIONAL SCHOLARLY COMMUNITIES AND TO MEMBERS OF THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $182,391 Revenue: $13,550

THE FRIENDS OF THE UNIVERSITY OF DELAWARE LIBRARY, INC. SPONSORS AN ANNUAL DINNER LECTURE AND AN ANNUAL FACULTY LECTURE AND OTHER BOOK/LIBRARY RELATED EVENTS. MEMBERS RECEIVE A SEMI-ANNUAL NEWSLETTER OF THE ASSOCIATION. IN ADDITION TO SUPPORTING THE PREVIOUSLY MENTIONED, THE ASSOCIATION'S FUNDS ARE SPENT ON MONOGRAPHS (BOOKS) AND/OR PAPERS FOR SPECIAL COLLECTIONS.

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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 $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

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

$376,577

Total Directors

$388,124

Key Employees

Highest Compensated

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

FRIENDS OF THE UNIVERSITY OF DELAWARE LIBRARY INC