HUBBARD FREE LIBRARY (EIN 010248668) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1880

Legal Domicile

Phone

2076226582

Tax Period

2022-07-01 to 2023-06-30

HUBBARD FREE LIBRARY is a 501(c)(3) with EIN 010248668, based in HALLOWELL, ME. Founded in 1880, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $155,552 in total revenue and $175,468 in total expenses, with net assets of $1,050,538.

Mission

Maine's first public library. Offering a large collection of books; periodicals; audio and visual media; community events including lectures live music children's story time programs and adult reading groups.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $136,360

Program Service Revenue $0

Investment Income $19,192

Other Revenue $0

TOTAL REVENUE $155,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,864

Fundraising Expenses $1,768

Program Expenses $166,198

Other Expenses $94,604

TOTAL EXPENSES $175,468

Year-over-Year Comparison

	2022	2021	Change
Revenue	$155,552	$216,523	-0.3%
Expenses	$175,468	$265,485	-0.3%
Net Income	$-19,916	$-48,962	-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
Kenneth C Young Jr	President	5.00	Officer Director	$0	$0	$0
Caleb Gannon	Vice- President	2.00	Officer Director	$0	$0	$0
Jill Lectka	Vice President	2.00	Officer Director	$0	$0	$0
Anya Trundy	Treasurer	5.00	Officer Director	$0	$0	$0
Mary Kane	Secretary	2.00	Officer Director	$0	$0	$0
Elaine Apostola	Trustee	2.00	Director	$0	$0	$0
Emily Cook	Trustee	1.00	Director	$0	$0	$0
Judith Feinstein	Trustee	1.00	Director	$0	$0	$0
James McKenna	Trustee	1.00	Director	$0	$0	$0
Larry Morrissette	Trustee	1.00	Director	$0	$0	$0
Dan Shagoury	Trustee	1.00	Director	$0	$0	$0
Earle Shettleworth	Trustee	1.00	Director	$0	$0	$0
Martha Thornton	Trustee	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	$155,552	$175,468	$1,051,227	$-19,916
2022	$216,523	$265,485	$1,033,567	$-48,962
2021	$148,728	$115,109	$1,169,269	$33,619
2020	$221,841	$110,385	$1,038,165	$111,456
2019	$136,061	$170,578	$928,356	$-34,517

HUBBARD FREE LIBRARY