KENNEBUNK FREE LIBRARY ASSOCIATION

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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

1882

Legal Domicile

Principal Officer

VICKI LYONS

Phone

2079852173

Tax Period

2024-07-01 to 2025-06-30

KENNEBUNK FREE LIBRARY ASSOCIATION, founded in 1882, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO INSPIRE AND ENABLE OUR COMMUNITIES TO DISCOVER, LEARN AND CONNECT.

Program Service Accomplishments

Program 1

Expenses: $1,001,218 Revenue: $63,413

THE ASSOCIATION PROVIDES A PUBLIC LIBRARY TO THE TOWNS OF KENNEBUNK AND ARUNDEL WITH A POPULATION OF APPROXIMATELY 11,000.

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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 (2024)

Revenue Breakdown

Contributions & Grants $924,350

Program Service Revenue $4,755

Investment Income $97,390

Other Revenue $91,854

TOTAL REVENUE $1,118,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $933,700

Fundraising Expenses $115,485

Program Expenses $1,001,218

Other Expenses $337,221

TOTAL EXPENSES $1,270,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,118,349	$1,393,441	-0.2%
Expenses	$1,270,921	$1,213,888	+0.0%
Net Income	$-152,572	$179,553	-1.8%

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

$100,578

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY BRAUN	TREASURER	4.00	Director	$0	$0	$0
JUDY PITCHFORTH	TRUSTEE	4.00	Director	$0	$0	$0
KATE OSTELL	RECORDER	4.00	Director	$0	$0	$0
LINDA MILLER-CLEARY	TRUSTEE	4.00	Director	$0	$0	$0
LINDA DEFLICE	TRUSTEE	4.00	Director	$0	$0	$0
LAURA LANCASTER	TRUSTEE	4.00	Director	$0	$0	$0
VICKI LYONS	PRESIDENT	4.00	Director	$0	$0	$0
LAURA DAUPHINAIS	VICE PRESIDENT	4.00	Director	$0	$0	$0
JIM PERRY	TRUSTEE	4.00	Director	$0	$0	$0
MICHELLE CONNERS	LIBRARY DIRECTOR	40.00	Officer	$98,461	$2,117	$100,578

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	$1,118,349	$1,270,921	$2,366,849	$-152,572
2024	$1,393,441	$1,213,888	$2,461,750	$179,553
2023	$924,642	$1,094,212	$2,305,550	$-169,570
2022	$951,000	$1,030,905	$2,344,059	$-79,905
2021	$940,463	$906,899	$2,744,943	$33,564
2020	$844,440	$917,972	$2,455,521	$-73,532
2019	$785,853	$911,334	$2,442,678	$-125,481
2018	$786,959	$847,935	$2,553,377	$-60,976