MOUNT LAUREL LIBRARY ASSOCIATION INC (EIN 521862214) - 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

1974

Legal Domicile

Principal Officer

BECKY BOYDSTON

Phone

8562347319

Tax Period

2024-01-01 to 2024-12-31

MOUNT LAUREL LIBRARY ASSOCIATION INC, founded in 1974, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

MOUNT LAUREL LIBRARY MAKES MOUNT LAUREL A GREAT PLACE TO LIVE, WORK, LEARN AND THRIVE. MOUNT LAUREL LIBRARY INFORMS, ENRICHES, CONNECTS AND TRANSFORMS OUR COMMUNITY

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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 $2,674,949

Program Service Revenue $32,367

Investment Income $35,036

Other Revenue $1,400

TOTAL REVENUE $2,743,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,646,994

Fundraising Expenses $0

Program Expenses $3,096,321

Other Expenses $1,649,070

TOTAL EXPENSES $3,296,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,743,752	$2,539,268	+0.1%
Expenses	$3,296,064	$2,608,605	+0.3%
Net Income	$-552,312	$-69,337	+7.0%

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

320

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

$107,183

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR WALTER STRIDICK	PRESIDENT	2.00	Officer Director	$0	$0	$0
MS STEPHANIE SAWYER	TRUSTEE	2.00	Director	$0	$0	$0
DENISE GAMBLE	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN ROVI	TREASURER	1.00	Officer Director	$0	$0	$0
MSNOREEN DUFFEY	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS BLEIHOLDER	TRUSTEE	1.00	Director	$0	$0	$0
FREDDA SACHAROW	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MR NIKITAS MOUSTAKAS	TRUSTEE	1.00	Director	$0	$0	$0
MR ROGER GIBSON	TRUSTEE	1.00	Director	$0	$0	$0
MS BECKY BOYDSTON	LIBRARY DIRECTOR	35.00	Officer	$94,809	$12,374	$107,183

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	$2,743,752	$3,296,064	$2,177,224	$-552,312
2023	$2,539,268	$2,608,605	$2,259,762	$-69,337
2022	$2,374,352	$2,314,358	$2,192,049	$59,994
2021	$2,232,323	$2,087,062	$2,245,495	$145,261
2020	$2,200,087	$1,853,855	$1,951,146	$346,232
2019	$2,231,006	$1,884,667	$1,612,632	$346,339
2018	$2,258,588	$2,208,723	$1,220,941	$49,865

MOUNT LAUREL LIBRARY ASSOCIATION INC