MCARTHUR LIBRARY ASSOCIATION

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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

1902

Legal Domicile

Principal Officer

David Moravik

Phone

2072844181

Tax Period

2024-07-01 to 2025-06-30

MCARTHUR LIBRARY ASSOCIATION, founded in 1902, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.9M left a modest 7% surplus.

Mission

Mission is to connect the Biddeford community with materials, programs, services, and other informational and cultural resources enabling fuller, better, and richer lives.

Program Service Accomplishments

Program 1

Expenses: $1,626,170 Revenue: $354,100

Public library serving the residents of Biddeford, Maine, and surrounding communities. General Biddeford population 21,462.

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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 $1,316,443

Program Service Revenue $284,389

Investment Income $432,786

Other Revenue $0

TOTAL REVENUE $2,033,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,111,723

Fundraising Expenses $0

Program Expenses $1,626,170

Other Expenses $770,724

TOTAL EXPENSES $1,882,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,033,618	$2,192,050	-0.1%
Expenses	$1,882,447	$1,677,533	+0.1%
Net Income	$151,171	$514,517	-0.7%

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

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
Victoria Foley	Chair	1.00	Director	$0	$0	$0
Al Shinkel	Vice Chair	1.00	Director	$0	$0	$0
DAVID MORAVICK	TREASURER	1.00	Director	$0	$0	$0
PAT BOSTON	Secretary	1.00	Director	$0	$0	$0
Mike Eon	TRUSTEE	1.00	Director	$0	$0	$0
Keith Gosselin	TRUSTEE	1.00	Director	$0	$0	$0
Denise DOYON	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD HULL III	TRUSTEE	1.00	Director	$0	$0	$0
Mimi Bean	TrusTEE	1.00	Director	$0	$0	$0
Amy Clearwater	TruSTEE	1.00	Director	$0	$0	$0
Nicole Clark	Library Director	40.00	Key Emp	$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	$2,033,618	$1,882,447	$7,453,163	$151,171
2024	$2,192,050	$1,677,533	$7,148,586	$514,517
2023	$1,962,138	$1,377,289	$6,634,069	$584,849
2022	$506,346	$1,307,449	$6,049,220	$-801,103
2021	$1,542,139	$1,207,216	$6,852,338	$334,923
2020	$1,657,950	$1,190,276	$5,729,223	$467,674
2019	$1,104,090	$1,162,374	$5,326,212	$-58,284