BOOTHBAY HARBOR MEMORIAL LIBRARY ASSOCIATION

EIN: 010224627 501(c)(3) Education

BOOTHBAY HARBOR, ME

Total Revenue
$485,324
Total Expenses
$439,881
Total Assets
$2,696,569
Net Assets
$2,693,929
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
ME
Principal Officer
JOAN CHATTERTON
Phone
2076333112
Tax Period
2023-01-01 to 2023-12-31

BOOTHBAY HARBOR MEMORIAL LIBRARY ASSOCIATION, founded in 1952, is a small nonprofit in the Education sector that reported $485K in total revenue in fiscal year 2023. Expenses of $440K left a modest 9% surplus.

Mission

OPERATION OF A FREE PUBLIC LIBRARY AND CREATE A WELCOMING SPACE IN WHICH TO EXPLORE IDEAS, CREATE COMMUNITY AND NURTURE INDIVIDUAL GROWTH VIA OPEN ACCESS TO THE TOOLS TO LEARN, DREAM, CONNECT AND DO.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $399,226
Program Service Revenue $11,577
Investment Income $72,398
Other Revenue $2,123
TOTAL REVENUE $485,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $236,232
Fundraising Expenses $54,169
Program Expenses $317,358
Other Expenses $191,649
TOTAL EXPENSES $439,881

Year-over-Year Comparison

2023 2022 Change
Revenue $485,324 $474,748 +0.0%
Expenses $439,881 $420,976 +0.0%
Net Income $45,443 $53,772 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
7
Volunteers
24

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
5
$70,551
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANNA BREEN EXECUTIVE DI 40.00
Officer
$67,535 $3,016 $70,551
LESLIE BIRD TREASURER 1.00
Officer Director
$0 $0 $0
JOAN CHATTERTON PRESIDENT 1.00
Officer Director
$0 $0 $0
LARRY COLCORD BOARD MEMBER 1.00
Director
$0 $0 $0
MARION COLEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN JONES BOARD MEMBER 1.00
Director
$0 $0 $0
DALE LANCASTER BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN MAKAREWICZ BOARD MEMBER 1.00
Director
$0 $0 $0
MARTA PETERS VICE PRESIDE 1.00
Officer Director
$0 $0 $0
REBECCA SCHOENTHAL BOARD MEMBER 1.00
Director
$0 $0 $0
DESIREE SCORCIA BOARD MEMBER 1.00
Director
$0 $0 $0
JILL TUPPER SECRETARY 1.00
Officer Director
$0 $0 $0
AMY WIRTANEN BOARD MEMBER 1.00
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 $485,324 $439,881 $2,696,569 $45,443
2022 $474,748 $420,976 $2,760,705 $53,772
2021 $462,784 $377,979 $2,729,447 $84,805
2020 $357,700 $330,235 $2,731,778 $27,465
Explore More Nonprofits
→Top 100 Nonprofits in Maine →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare BOOTHBAY HARBOR MEMORIAL LIBRARY ASSOCIATION with other nonprofits in Maine and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.