HUBBARD FREE LIBRARY

🔒

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

Financial Trends

Organization Details

Formation Year

1880

Legal Domicile

Phone

2076226582

Tax Period

2022-07-01 to 2023-06-30

HUBBARD FREE LIBRARY, founded in 1880, is a small nonprofit in the Education sector that reported $156K in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $175K exceeded revenue, resulting in a 13% operating deficit.

Mission

The Hubbard Free Library will continue to provide an excellent source of reading materials including books magazines audio and visual media as well as the very popular children's story time program children's summer reading program and appreciated events for all ages including lectures live music and adult reading groups.

Program Service Accomplishments

Program 1

Expenses: $166,198 Revenue: $155,552

Public Library

🔒

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%)

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

🔒

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

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
2025	No data	No data	No data	No data
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