NORTHEAST HARBOR LIBRARY (EIN 010220091) - 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

1952

Legal Domicile

Principal Officer

ARTHUR MARTINEZ

Phone

2072763333

Tax Period

2023-01-01 to 2023-12-31

NORTHEAST HARBOR LIBRARY, founded in 1952, is a small nonprofit in the Education sector that reported $922K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $808K left a modest 12% surplus.

Mission

THE NORTHEAST HARBOR LIBRARY SERVES EVERYONE FROM THE TOWN OF MOUNT DESERT, THE TOWN OF CRANBERRY ISLES AND THEIR SURROUNDING COMMUNITIES, WHO SEEK INFORMATION, ENLIGHTENMENT, AND THE PLEASURE THAT COMES FROM THE LIFE OF THE MIND.

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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 $532,659

Program Service Revenue $6,273

Investment Income $383,134

Other Revenue $0

TOTAL REVENUE $922,066

Expense Breakdown

Grants Paid $74,200

Salaries & Benefits $377,708

Fundraising Expenses $49,922

Program Expenses $656,713

Other Expenses $356,562

TOTAL EXPENSES $808,470

Year-over-Year Comparison

	2023	2022	Change
Revenue	$922,066	$1,021,236	-0.1%
Expenses	$808,470	$735,116	+0.1%
Net Income	$113,596	$286,120	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILIAN ANDREWS	TRUSTEE	0.50	Director	$0	$0	$0
ELIZABETH BAIRD	TRUSTEE	0.50	Director	$0	$0	$0
KATHERINE BELL	TRUSTEE	0.50	Director	$0	$0	$0
KATRINA LYNN CATER	TRUSTEE	0.50	Director	$0	$0	$0
TIMOTHY CLARK	TRUSTEE	0.50	Director	$0	$0	$0
JOHN FAVOUR	TRUSTEE	0.50	Director	$0	$0	$0
FRANCES FITZGERALD	TRUSTEE	0.50	Director	$0	$0	$0
NANCY GLEASON	TRUSTEE	0.50	Director	$0	$0	$0
DONALD GRAVES	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN GUMMERE	TRUSTEE	0.50	Director	$0	$0	$0
NANCY HO	TRUSTEE	0.50	Director	$0	$0	$0
LYNN HOROWITZ	TRUSTEE	0.50	Director	$0	$0	$0
ELIZABETH KELLEY	TRUSTEE	0.50	Director	$0	$0	$0
ALEX KRULIC	TRUSTEE	0.50	Director	$0	$0	$0
CARL LITTLE	TRUSTEE	0.50	Director	$0	$0	$0
ARTHUR MARTINEZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIMOTHY MURPHY	TRUSTEE	0.50	Director	$0	$0	$0
JOELLE NOLAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ELIZABETH OLSEN	TRUSTEE	0.50	Director	$0	$0	$0
HAROLD PAUMGARTEN	TRUSTEE	0.50	Director	$0	$0	$0
PETER ROGERS	SECRETARY	1.00	Officer Director	$0	$0	$0
MEGAN SCOTT	TRUSTEE	0.50	Director	$0	$0	$0
ELLEN SHAFER	TRUSTEE	0.50	Director	$0	$0	$0
DIANA DAVIS SPENCER	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT WALMSLEY	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$922,066	$808,470	$11,270,957	$113,596
2022	$1,021,236	$735,116	$10,910,048	$286,120
2021	$1,018,426	$649,900	$11,707,277	$368,526
2020	$933,362	$645,713	$10,611,831	$287,649
2019	$802,975	$670,881	$10,355,303	$132,094
2018	$754,365	$642,513	$9,437,888	$111,852

NORTHEAST HARBOR LIBRARY