NEWBURY PUBLIC LIBRARY FOUNDATION … - Form 990 Financial Data

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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

2018

Legal Domicile

Phone

6034010423

Tax Period

2023-01-01 to 2023-12-31

NEWBURY PUBLIC LIBRARY FOUNDATION OF NEW HAMPSHIRE, founded in 2018, is a small nonprofit in the Education sector that reported $385K in total revenue in fiscal year 2023. Revenue surged 681% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 20% operating margin.

Mission

1 To improve the quality of the Newbury Public Library by providing financial support for programs sevices and capital expansion and improvements not included in the operating budget; the Foundation's financial support of the Library is not intended to reduce the amount of support provided by the Town for normal and necessary operating expenses. 2 To receive collect hold and retain contributions and other additions to the assets of the Foundation and to sell or otherwise dispose of the same.

Program Service Accomplishments

Program 1

Expenses: $307,334 Revenue: $384,834

$304,008 was paid to the Town of Newbury for the Foundation's share of the ongoing construction costs.

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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 $367,615

Program Service Revenue $0

Investment Income $17,219

Other Revenue $0

TOTAL REVENUE $384,834

Expense Breakdown

Grants Paid $304,008

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $307,334

Other Expenses $3,326

TOTAL EXPENSES $307,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$384,834	$49,253	+6.8%
Expenses	$307,334	$2,692	+113.2%
Net Income	$77,500	$46,561	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeanne Palleiko	Chair	20.00	Officer	$0	$0	$0
Patricia Sherman	Treasurer	3.00	Officer	$0	$0	$0
Ken Tentarelli	Secretary	2.00	Officer	$0	$0	$0
Lynne Tuohy	Vice Chair	1.00	Officer	$0	$0	$0
Helen Wright	Director	1.00	Director	$0	$0	$0
Elizabeth Courant	Director	1.00	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
2023	$384,834	$307,334	$325,183	$77,500

NEWBURY PUBLIC LIBRARY FOUNDATION OF NEW HAMPSHIRE