BLOOMFIELD PUBLIC LIBRARY FOUNDATION (EIN 823933366) - 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

2017

Legal Domicile

Principal Officer

MOLLIE SMITH

Phone

9737528524

Tax Period

2018-07-01 to 2019-06-30

BLOOMFIELD PUBLIC LIBRARY FOUNDATION, founded in 2017, is a small nonprofit in the Education sector that reported $268K in total revenue in fiscal year 2018. The organization ran a surplus of $266K, a strong 99% operating margin.

Mission

THE BLOOMFIELD PUBLIC LIBRARY FOUNDATION WAS CREATED EXCLUSEIVELY FOR CHARITABLE, EDUCATIONAL, OR SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501 (C) 3 OF THE INTERNAL REVENUE CODE. MORE SPECIFICALLY, THE BLOOMFIELD PUBLIC LIBRARY FOUNDATION WAS CREATED: 1) TO FUNDRAISE AND PRIVIDE SUPPORT FOR THE BLOOMFIELD PUBLIC LIBRARY 2) TO PROMOTE AND IMPROVE THE BLOOMFIELD PUBLIC LIBRARY 3) TO PROMOTE LITERACY AND LIBRARY SERVICES FOR THE PUBLIC.

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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 (2018)

Revenue Breakdown

Contributions & Grants $267,952

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $267,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,678

Other Expenses $2,411

TOTAL EXPENSES $2,411

Year-over-Year Comparison

	2018	2017	Change
Revenue	$267,952	N/A	N/A
Expenses	$2,411	N/A	N/A
Net Income	$265,541	N/A	N/A

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
JOHN NANCE	TREASURER	2.00	Officer Director	$0	$0	$0
LINDA WARNASCH	SECRETARY	2.00	Officer Director	$0	$0	$0
MOLLIE SMITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEYNELLEN JENKINS	TRUSTEE	2.00	Director	$0	$0	$0
KERI LOGOSSO-MISURELL	TRUSTEE	2.00	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
2019	$267,952	$2,411	$265,541	$265,541

BLOOMFIELD PUBLIC LIBRARY FOUNDATION