FRIENDS OF THE NEW ORLEANS PUBLIC LIBRARY (EIN 726028003) - 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

1957

Legal Domicile

Principal Officer

SHANNAN CVITANOVIC

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE NEW ORLEANS PUBLIC LIBRARY, founded in 1957, is a small nonprofit that reported $359K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $335K left a modest 7% surplus.

Mission

TO COLLABORATE WITH THE NEW ORLEANS PUBLIC LIBRARY TO INFORM, ENRICH, AND EMPOWER THE DIVERSE GREATER NEW ORLEANS COMMUNITY THROUGH PROMOTING THE OPEN ACCESSIBILITY OF READING AND KNOWLEDGE IN A FREE SOCIETY. THROUGH ADVOCACY AND FUNDRAISING THE FRIENDS SOLICIT AND ALLOCATE

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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 (2023)

Revenue Breakdown

Contributions & Grants $302,212

Program Service Revenue $0

Investment Income $56,561

Other Revenue $0

TOTAL REVENUE $358,773

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $119,281

Fundraising Expenses $16,309

Program Expenses $269,629

Other Expenses $200,855

TOTAL EXPENSES $335,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$358,773	$329,909	+0.1%
Expenses	$335,136	$416,948	-0.2%
Net Income	$23,637	$-87,039	-1.3%

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

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

$56,058

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNAN CVITANOVIC	EXECUTIVE DIRECTOR	40.00	Officer	$56,058	$0	$56,058
HOPE PHELPS	BOARD MEMBER	2.00	Director	$0	$0	$0
LARKIN PAGE	BOARD MEMBER	2.00	Director	$0	$0	$0
JEANETTA BRYANT	SECRETARY	2.00	Officer Director	$0	$0	$0
COURTNEY KEARNEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE MARTIN	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER KITNER	PRESIDENT	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$358,773	$335,136	$1,414,480	$23,637
2022	$329,909	$416,948	$1,066,876	$-87,039
2021	$367,025	$332,804	$1,434,183	$34,221
2020	$191,283	$170,343	$1,068,829	$20,940
2019	$223,925	$187,580	$900,243	$36,345
2018	$177,854	$155,847	$835,552	$22,007

FRIENDS OF THE NEW ORLEANS PUBLIC LIBRARY