NEWPORT 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

1990

Legal Domicile

Principal Officer

ELIZABETH SAGER

Phone

5412652153

Tax Period

2023-07-01 to 2024-06-30

NEWPORT PUBLIC LIBRARY FOUNDATION INC, founded in 1990, is a micro nonprofit that reported $67K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12K, a strong 18% operating margin.

Mission

TO COOPERATE WITH THE NEWPORT PUBLIC LIBRARY TO ENCOURAGE EDUCATION AND THE READING OF BOOKS THROUGH A WIDE USE OF THE LIBRARY FACILITIES AND TO GENERALLY BENEFIT, SUPPORT, AND PROMOTE THE ACTIVITIES OF THE NEWPORT PUBLIC LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $46,709

OUR PRIMARY MISSION IS TO PURCHASE LIBRARY MATERIALS AND SUPPORT LIBRARY PROGRAMS. THERE WAS AN INCREASE IN INDIVIDUALS PARTICIPATING IN THE YOUTH SUMMER READING PROGRAM, THE YOUTH MONTHLY OUTREACH PROGRAM, THE ADULT SUMMER READING PROGRAM, AND ALL OTHER ADULT PROGRAMS SAW INCREASES IN PARTICIPANTS AS WELL. THE FOUNDATION FOCUSED ON ACQUIRING ITEMS FOR THE LIBRARY OF THINGS, LAPTOP LENDING, AND IMPROVING THE SPANISH AND INDIGENOUS LANGUAGE BOOK COLLECTIONS. THE FOUNDATION ALSO FUNDED AN OUTDOOR ART PROJECT, MUSIC SERIES AND PURCHASE OF A LIBRARY OUTREACH BIKE.

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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 $32,466

Program Service Revenue $0

Investment Income $28,149

Other Revenue $6,643

TOTAL REVENUE $67,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,022

Program Expenses $46,709

Other Expenses $55,466

TOTAL EXPENSES $55,466

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,258	$54,852	+0.2%
Expenses	$55,466	$91,926	-0.4%
Net Income	$11,792	$-37,074	-1.3%

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

N/A

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
ELIZABETH SAGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATTI LITTLEHALES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GRETCHEN HAVNER	TREASURER	2.00	Officer Director	$0	$0	$0
ELIJAH COE	HIGH SCHOOL	0.50	Director	$0	$0	$0
MARK MIRANDA	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARIAN BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
AMY HOWARD	BOARD MEMBER	0.50	Director	$0	$0	$0
DONNA DEMARCO	SECRETARY	1.00	Officer Director	$0	$0	$0
ELLEN FRANKLIN	BOARD MEMBER	0.50	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
2025	No data	No data	No data	No data
2024	$67,258	$55,466	$928,136	$11,792
2023	$54,852	$91,926	$843,219	$-37,074
2022	$71,373	$32,495	$832,282	$38,878
2021	$46,589	$22,502	$900,801	$24,087
2020	$69,231	$34,480	$729,946	$34,751
2019	$46,199	$22,852	$694,725	$23,347

NEWPORT PUBLIC LIBRARY FOUNDATION INC