RANGELEY LIBRARY ASSOCIATION (EIN 010147000) - 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

1907

Legal Domicile

Principal Officer

MARY RICHARDS

Phone

2078645529

Tax Period

2024-07-01 to 2025-06-30

RANGELEY LIBRARY ASSOCIATION, founded in 1907, is a small nonprofit in the Education sector that reported $203K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $257K exceeded revenue, resulting in a 27% operating deficit.

Mission

OPERATE RURAL 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 $151,974

Program Service Revenue $0

Investment Income $8,474

Other Revenue $42,488

TOTAL REVENUE $202,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,490

Fundraising Expenses $0

Program Expenses $231,683

Other Expenses $145,936

TOTAL EXPENSES $257,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,936	$183,290	+0.1%
Expenses	$257,426	$224,692	+0.1%
Net Income	$-54,490	$-41,402	+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

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

$9,880

Total Directors

$9,880

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA BURGESS	TREASURER	12.00	Officer Director	$9,880	$0	$9,880
BRENT QUIMBY	DIRECTOR	4.00	Director	$0	$0	$0
JUDITH WICKEN	DIRECTOR	2.00	Director	$0	$0	$0
ZENNA INNESS	DIRECTOR	2.00	Director	$0	$0	$0
MIKE ZULAUF	DIRECTOR	2.00	Director	$0	$0	$0
BETSEY SHEPARD	DIRECTOR	2.00	Director	$0	$0	$0
ABIGAIL THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN LEITNER	DIRECTOR	2.00	Director	$0	$0	$0
MARY RICHARDS	PRESIDENT	2.00	Officer Director	$0	$0	$0
PETER HAYES	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PEGGY ELLIS-GREEN	SECRETARY	6.00	Officer 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	$202,936	$257,426	$1,720,557	$-54,490
2024	$183,290	$224,692	$1,674,562	$-41,402
2023	$161,502	$221,140	$1,644,641	$-59,638
2022	$158,485	$203,484	$1,668,594	$-44,999
2021	$166,295	$181,182	$1,769,483	$-14,887
2020	$191,812	$188,510	$1,548,061	$3,302
2019	$213,743	$189,626	$1,537,990	$24,117
2018	$166,477	$182,861	$1,482,626	$-16,384

RANGELEY LIBRARY ASSOCIATION