WISCASSET PUBLIC LIBRARY (EIN 010249865) - 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

1920

Legal Domicile

Principal Officer

TOM BOUDIN

Phone

2078827161

Tax Period

2023-01-01 to 2023-12-31

WISCASSET PUBLIC LIBRARY, founded in 1920, is a small nonprofit in the Education sector that reported $510K in total revenue in fiscal year 2023. Revenue surged 113% from the prior year, signaling strong growth momentum. The organization ran a surplus of $234K, a strong 46% operating margin.

Mission

WISCASSET PUBLIC LIBRARYS GOAL IS TO PROVIDE ACCESS TO INNOVATEIVE LIBRARY SERVICES, DELIVERED IN AN EFFICIENT AND EFFECTIVE MANNER THAT WILL ASSIST EVERYONE TO CONTIUNE TO GROW AND LEARN THROUGHOUT THEIR LIVES. PROVIDE

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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 $232,898

Program Service Revenue $4,007

Investment Income $273,184

Other Revenue $0

TOTAL REVENUE $510,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,127

Fundraising Expenses $3,987

Program Expenses $208,768

Other Expenses $118,604

TOTAL EXPENSES $275,731

Year-over-Year Comparison

	2023	2022	Change
Revenue	$510,089	$239,975	+1.1%
Expenses	$275,731	$273,042	+0.0%
Net Income	$234,358	$-33,067	-8.1%

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

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

$2,000

Total Directors

$2,000

Key Employees

$58,195

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN BLAGDON	DIRECTOR & PRESIDENT	0.25	Officer Director	$0	$0	$0
TOM BOUDIN	DIRECTOR & TREASURER	1.00	Officer Director	$2,000	$0	$2,000
PAMELA DUNNING	LIBRARY DIRECTOR	40.00	Key Emp	$58,195	$0	$58,195
STEVE WHITFIELD	DIRECTOR & VP	0.25	Officer Director	$0	$0	$0
LISA TRUESDELL	DIRECTOR & SECRETARY	0.25	Officer Director	$0	$0	$0
JAN FLOWERS	DIRECTOR	0.25	Director	$0	$0	$0
GEORGE MALONE	DIRECTOR	0.25	Director	$0	$0	$0
ABBY MANAHAN	DIRECTOR	0.25	Director	$0	$0	$0
DEB SMALL	DIRECTOR	0.25	Director	$0	$0	$0
CAROL WATTS	DIRECTOR	0.25	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	$510,089	$275,731	$3,441,165	$234,358
2022	$239,975	$273,042	$3,133,377	$-33,067
2021	$357,874	$326,691	$3,665,642	$31,183
2020	$343,017	$254,157	$3,215,965	$88,860
2019	$414,571	$240,103	$2,807,837	$174,468
2018	$138,022	$201,097	$2,493,333	$-63,075

WISCASSET PUBLIC LIBRARY