SPRINGVALE PUBLIC LIBRARY ASSOCIATION

EIN: 010231382 501(c)(3)

SPRINGVALE, ME

Total Revenue
$1,355,541
Total Expenses
$366,676
Total Assets
$6,001,378
Net Assets
$5,974,397
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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
ME
Principal Officer
Ellen McAdam
Phone
2073246777
Tax Period
2024-07-01 to 2025-06-30

SPRINGVALE PUBLIC LIBRARY ASSOCIATION, founded in 1907, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 397% from the prior year, signaling strong growth momentum. The organization ran a surplus of $989K, a strong 73% operating margin.

Mission

The Springvale Public Library was Created and Operated to Own and Maintain a Special Library for Mutual and Literary Purposes

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $240,026
Program Service Revenue $11,784
Investment Income $81,053
Other Revenue $1,022,678
TOTAL REVENUE $1,355,541

Expense Breakdown

Grants Paid $0
Salaries & Benefits $245,205
Fundraising Expenses $0
Program Expenses $345,571
Other Expenses $121,471
TOTAL EXPENSES $366,676

Year-over-Year Comparison

2024 2023 Change
Revenue $1,355,541 $272,533 +4.0%
Expenses $366,676 $334,802 +0.1%
Net Income $988,865 $-62,269 -16.9%
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

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Governance

Voting Members
12
Independent Members
12
Employees
9
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
3
$0
Total Directors
12
$0
Key Employees
1
$57,949
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lesley Unger Executive Director 033.00
Key Emp Highest
$57,949 $0 $57,949
Lionel Sevigny Trustee 001.00
Director
$0 $0 $0
Diana Stearns Trustee 001.00
Director
$0 $0 $0
Ellen McAdam Treasurer 002.00
Officer Director
$0 $0 $0
David Demers Trustee 001.00
Director
$0 $0 $0
Robert Riding Trustee 001.00
Director
$0 $0 $0
Gail Burnett Secretary 002.00
Officer Director
$0 $0 $0
Christina Parks Trustee 001.00
Director
$0 $0 $0
Edward Titcomb President 002.00
Officer Director
$0 $0 $0
Colleen Levesque Trustee 001.00
Director
$0 $0 $0
Leigh Cochrane Trustee 001.00
Director
$0 $0 $0
Carl Davis Trustee 001.00
Director
$0 $0 $0
Amy Sevigny Trustee 001.00
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
2025 $1,355,541 $366,676 $6,001,378 $988,865
2024 $272,533 $334,802 $4,703,731 $-62,269
2023 $271,052 $364,357 $4,266,151 $-93,305
2022 $292,165 $368,474 $4,127,089 $-76,309
2021 $360,068 $387,122 $4,514,046 $-27,054
2020 $276,460 $379,354 $3,938,542 $-102,894
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