DYER LIBRARY ASSOCIATION

EIN: 010211500 501(c)(3) Education

SACO, ME

Total Revenue
$1,447,262
Total Expenses
$1,350,199
Total Assets
$4,670,489
Net Assets
$4,551,419
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Financial Trends

Organization Details

Formation Year
1881
Legal Domicile
ME
Principal Officer
STEPHEN SHIMAN
Phone
2072833861
Tax Period
2024-07-01 to 2025-06-30

DYER LIBRARY ASSOCIATION, founded in 1881, is a small nonprofit in the Education sector that reported $869K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. Net assets of $2.9M represent 40 months of operating reserves.

Mission

LIBRARY SERVICES AND MUSEUM SPECIALIZING IN LOCAL HISTORY

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $983,906
Program Service Revenue $5,627
Investment Income $387,075
Other Revenue $70,654
TOTAL REVENUE $1,447,262

Expense Breakdown

Grants Paid $0
Salaries & Benefits $972,434
Fundraising Expenses $14,885
Program Expenses $1,256,674
Other Expenses $377,765
TOTAL EXPENSES $1,350,199

Year-over-Year Comparison

2024 2023 Change
Revenue $1,447,262 $1,575,576 -0.1%
Expenses $1,350,199 $1,181,838 +0.1%
Net Income $97,063 $393,738 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
31
Volunteers
29

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
0
$0
Total Directors
12
$0
Key Employees
1
$67,821
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACEY COLLINS TRUSTEE 1.00
Director
$0 $0 $0
MARY THOMPSON VICE PRESIDENT 1.00
Director
$0 $0 $0
ROSEMARY KANE KIRBY PRESIDENT 1.00
Director
$0 $0 $0
ELSA GESKUS TRUSTEE 1.00
Director
$0 $0 $0
SHERRY BROWN TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN HUOT TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN SHIMAN TREASURER 1.00
Director
$0 $0 $0
LINSEY PILON TRUSTEE 1.00
Director
$0 $0 $0
JULIE SMYTH TRUSTEE 1.00
Director
$0 $0 $0
LARRY LITTLEFIELD TRUSTEE 1.00
Director
$0 $0 $0
SANDRA GUAY TRUSTEE 1.00
Director
$0 $0 $0
JEFF COBURN TRUSTEE 1.00
Director
$0 $0 $0
SOPHIE SMITH EXECUTIVE DIRECTOR 40.00
Key Emp
$65,522 $2,299 $67,821
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 $1,447,262 $1,350,199 $4,670,489 $97,063
2024 No data No data No data No data
2023 $970,315 $1,024,441 $3,933,417 $-54,126
2022 $1,182,445 $888,193 $3,666,585 $294,252
2021 $1,081,965 $872,190 $3,831,135 $209,775
2020 $1,001,092 $887,276 $3,095,315 $113,816
2019 $869,310 $851,118 $2,996,263 $18,192
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