Free Public Library of Highland Park (EIN 521740898) - Form 990 Financial Analysis & Trantor Score

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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

1935

Legal Domicile

Phone

7325722750

Tax Period

2024-01-01 to 2024-12-31

Free Public Library of Highland Park, founded in 1935, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 27% operating deficit.

Mission

Free Public Library Services.

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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 $1,195,227

Program Service Revenue $55,107

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,250,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $916,392

Fundraising Expenses $0

Program Expenses $1,127,715

Other Expenses $669,518

TOTAL EXPENSES $1,585,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,250,334	$1,569,309	-0.2%
Expenses	$1,585,910	$1,206,132	+0.3%
Net Income	$-335,576	$363,177	-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

N/A

Employees

N/A

Volunteers

N/A

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Michael Bobish	Director		$118,450	$0	$118,450
Helen Rovner	President	Officer Director	$0	$0	$0
Cassandra Oliveras-Moreno	Secretary	Director	$0	$0	$0
Elise Foster	Mayor	Director	$0	$0	$0
Nora Krieger	Vice President	Director	$0	$0	$0
Ghislaine Darden	Trustee	Director	$0	$0	$0
Ron Wong	Mayor Alternate	Director	$0	$0	$0
Kristina Susca	Superintendent	Director	$0	$0	$0
Michele Rodrigues	Alternate	Director	$0	$0	$0
Peichi Waite	Trustee	Officer	$0	$0	$0
NANCY KRANICH	Trustee	Officer	$0	$0	$0
Robert Kressel	Treasurer	Officer	$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
2024	$1,250,334	$1,585,910	$328,939	$-335,576
2023	$1,569,309	$1,206,132	$659,515	$363,177
2022	$1,155,388	$1,189,662	$295,584	$-34,274
2021	$1,152,170	$1,025,560	$329,820	$126,610
2020	$1,150,958	$1,014,663	$194,208	$136,295
2019	$1,079,687	$1,082,117	$69,190	$-2,430
2018	$1,089,732	$1,081,351	$64,807	$8,381

Free Public Library of Highland Park