BEDFORD PUBLIC LIBRARY FOUNDATION (EIN 541161851) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

JENNY NOVALIS

Phone

5405868911

Tax Period

2024-07-01 to 2025-06-30

BEDFORD PUBLIC LIBRARY FOUNDATION, founded in 1969, is a micro nonprofit that reported $62K in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE BEDFORD PUBLIC LIBRARY SYSTEM FOUNDATION'S PURPOSE IS TO HELP BUILD THE FUTURE OF OUR COMMUNITY BY SUPPORTING THE LIBRARY ON A SYSTEM-WIDE BASIS. FOUNDATION PROJECTS ARE TYPICALLY LONG TERM (MULTI-YEAR PROJECTS, BUILDING PROJECTS, ENDOWMENTS, ETC.) AND INCLUDE BIG TICKET EXPENSES, LIKE CAPITAL CAMPAIGNS. THE FOUNDATION IS ABLE TO OFFER EXPERTISE IN SETTING UP PLANNED GIFTS, ESTATE PLANNING AND OTHER DONATIONS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $25,004

Program Service Revenue $10,178

Investment Income $63

Other Revenue $0

TOTAL REVENUE $35,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,240

Other Expenses $45,240

TOTAL EXPENSES $45,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,245	$39,947	-0.1%
Expenses	$45,240	$41,152	+0.1%
Net Income	$-9,995	$-1,205	+7.3%

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

$97,883

Total Directors

$693

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLIVIA MADISON	LIBRARY BOARD OF TRUSTEES	0.50	Director	$0	$0	$0
NICOLE SHEPPARD	DIRECTOR	0.50	Director	$0	$0	$693
NATALIE MARTIN	DIRECTOR	0.50	Director	$0	$0	$0
JENNY NOVALIS	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$97,883
ANDY CRAWFORD	CHAIRMAN	0.50	Officer	$0	$0	$0
LYNN BOGGESS	VICE-CHAIRMAN	0.50	Officer	$0	$0	$0
KAREN MAY	TREASURER	0.50	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
2025	$35,245	$45,240	$47,259	$-9,995
2024	$39,947	$41,152	$58,247	$-1,205
2023	$61,656	$63,307	$59,527	$-1,651

BEDFORD PUBLIC LIBRARY FOUNDATION