MONTCLAIR FREE PUBLIC LIBRARY FOUNDATION INC (EIN 820558746) - 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

2002

Legal Domicile

Principal Officer

JARED MILLER

Phone

9737440500

Tax Period

2024-01-01 to 2024-12-31

MONTCLAIR FREE PUBLIC LIBRARY FOUNDATION INC, founded in 2002, is a small nonprofit in the Education sector that reported $602K in total revenue in fiscal year 2024. Expenses of $525K left a modest 13% surplus.

Mission

PROVIDE GRANT SUPPORT TO ENHANCE PROGRAMS, COLLECTIONS, DIGITAL RESOURCES, AND TECHNOLOGY.

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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 $549,541

Program Service Revenue $0

Investment Income $41,147

Other Revenue $10,844

TOTAL REVENUE $601,532

Expense Breakdown

Grants Paid $254,837

Salaries & Benefits $203,716

Fundraising Expenses $109,662

Program Expenses $361,239

Other Expenses $66,717

TOTAL EXPENSES $525,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$601,532	$571,187	+0.1%
Expenses	$525,270	$483,509	+0.1%
Net Income	$76,262	$87,678	-0.1%

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

$158,194

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EILEEN BRACKENBURY	DIRECTOR	1.00	Director	$0	$0	$0
DAGMARA DOMINCZYK	DIRECTOR	1.00	Director	$0	$0	$0
JARED MILLER	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL COCCO	DIRECTOR	1.00	Director	$0	$0	$0
HENRY NEFF	DIRECTOR	1.00	Director	$0	$0	$0
EMILY HAGEN	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
JENNIFER DANN PHILLIPS	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT L TORTORIELLO	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH RICH	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MELLIN	DIRECTOR	1.00	Director	$0	$0	$0
JASON TANZ	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA M BOYD	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
JENNIFER AMORE	DIRECTOR	1.00	Director	$0	$0	$0
AMAN D'MELLO	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARY IVERSEN	DIRECTOR	1.00	Director	$0	$0	$0
MARNI JESSUP	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
MAX TOURTELOT	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE OLIPHANT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES COTTER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MELLISH	DIRECTOR	1.00	Director	$0	$0	$0
MARY PACKER	EXECUTIVE DIRECTOR	40.00	Key Emp	$158,194	$0	$158,194

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	$601,532	$525,270	$1,293,611	$76,262
2023	$571,187	$483,509	$1,169,392	$87,678
2022	$385,316	$433,229	$993,963	$-47,913
2021	$617,091	$290,073	$1,159,095	$327,018
2020	$352,380	$206,178	$942,452	$146,202
2019	$215,872	$171,772	$742,713	$44,100
2018	$392,174	$183,565	$626,973	$208,609

MONTCLAIR FREE PUBLIC LIBRARY FOUNDATION INC