FRIENDS OF THE HERMAN BROWN LIBRARY (EIN 742920301) - 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

1999

Legal Domicile

Principal Officer

FRANCINE CARRARO

Phone

5127567124

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF THE HERMAN BROWN LIBRARY, founded in 1999, is a small nonprofit in the Education sector that reported $181K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $269K exceeded revenue, resulting in a 49% operating deficit.

Mission

TO PROVIDE FUNDS FOR THE OPERATIONS OF THE PUBLIC LIBRARY.

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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 $178,525

Program Service Revenue $0

Investment Income $641

Other Revenue $1,415

TOTAL REVENUE $180,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,266

Fundraising Expenses $0

Program Expenses $242,919

Other Expenses $124,760

TOTAL EXPENSES $269,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,581	$192,968	-0.1%
Expenses	$269,026	$222,386	+0.2%
Net Income	$-88,445	$-29,418	+2.0%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA BUNDY	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHERINE MCANALLY	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM BUNDY	MEMBER	1.00	Officer Director	$0	$0	$0
DAVE BOES	MEMBER	1.00	Officer Director	$0	$0	$0
FRANCINE CARRARO	TREASURER	2.00	Officer Director	$0	$0	$0
COLLEEN DAVIS	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	$180,581	$269,026	$236,855	$-88,445
2023	$192,968	$222,386	$325,952	$-29,418
2022	$218,730	$210,007	$356,864	$8,723
2021	$218,078	$215,024	$346,911	$3,054
2020	$161,129	$178,707	$344,102	$-17,578
2019	$191,398	$165,938	$360,898	$25,460
2018	$240,755	$199,118	$334,978	$41,637

FRIENDS OF THE HERMAN BROWN LIBRARY