Hillsdale Free Public Library Foundation Inc (EIN 834055855) - 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

2019

Legal Domicile

Principal Officer

Donna McManus

Phone

2013585072

Tax Period

2024-01-01 to 2024-12-31

Hillsdale Free Public Library Foundation Inc, founded in 2019, is a small nonprofit in the Education sector that reported $118K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $92K, a strong 78% operating margin.

Mission

TO PROVIDE SUPPORT FOR THE BENEFIT OF THE PROGRAMS, OPERATIONS AND CAPITAL STRUCTURE OF THE HILLSDALE FREE 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 (2024)

Revenue Breakdown

Contributions & Grants $100,600

Program Service Revenue $0

Investment Income $17,623

Other Revenue $0

TOTAL REVENUE $118,223

Expense Breakdown

Grants Paid $23,244

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,244

Other Expenses $3,239

TOTAL EXPENSES $26,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,223	$106,839	+0.1%
Expenses	$26,483	$35,453	-0.3%
Net Income	$91,740	$71,386	+0.3%

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

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
Robert Ax	Trustee	2.00	Director	$0	$0	$0
Marin Schloss Carosia	Trustee	2.00	Director	$0	$0	$0
James Guberman	Trustee	2.00	Director	$0	$0	$0
Marie Hanlon	Trustee	2.00	Director	$0	$0	$0
Melanie Harada	Trustee	2.00	Director	$0	$0	$0
Dave Franz	Library Director	2.00	Director	$0	$0	$0
Judy Atchison	Friends Representative	2.00	Director	$0	$0	$0
Warren Harris	Library Board Representative	2.00	Director	$0	$0	$0
Carol Schepker	Library Board Representative	2.00	Director	$0	$0	$0
Jefrrey Steinfeld	President	2.00	Officer	$0	$0	$0
Catherine McGrath	Vice President	2.00	Officer	$0	$0	$0
Donna McManus	Treasurer	2.00	Officer	$0	$0	$0
Allen Saslowsky	Secretary	2.00	Officer	$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	$118,223	$26,483	$610,699	$91,740
2023	$106,839	$35,453	$518,959	$71,386

Hillsdale Free Public Library Foundation Inc