WISCASSET PUBLIC LIBRARY

EIN: 010249865 501(c)(3) Education

WISCASSET, ME

Total Revenue
$510,089
Total Expenses
$275,731
Total Assets
$3,441,165
Net Assets
$3,441,165
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1920
Legal Domicile
ME
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

Program Service Accomplishments

Program 1
Expenses: $208,768 Revenue: $4,007

DURING 2023 LIBRARY OWNED 64010 ITEMS IN THE COLLECTION AND CIRCULATED 22682 BOOKS, E-BOOKS, MAGAZINES, VIDEOS, AUDIO BOOK DOWNLOADS, BOOKS ON CD AS WELL AS MUSEUM PASSES, A MICROSCOPE, A TELESCOPE...

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DURING 2023 LIBRARY OWNED 64010 ITEMS IN THE COLLECTION AND CIRCULATED 22682 BOOKS, E-BOOKS, MAGAZINES, VIDEOS, AUDIO BOOK DOWNLOADS, BOOKS ON CD AS WELL AS MUSEUM PASSES, A MICROSCOPE, A TELESCOPE AND STEM KITS. THE LIBRARY RAN INFORMATIONAL PROGRAMS, CHAIR YOGA CLASSES AS WELL AS BOOK DISCUSSIONS FOR A TOTAL OF 679 PROGRAMS ATTENDED BY 2187 PEOPLE.

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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 (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

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Governance

Voting Members
9
Independent Members
9
Employees
6
Volunteers
9

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
4
$2,000
Total Directors
9
$2,000
Key Employees
1
$58,195
Highest Compensated
0
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
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