LOUIS T GRAVES MEMORIAL PUBLIC LIB… - Form 990 Financial Data

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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

1941

Legal Domicile

Phone

2079672778

Tax Period

2023-01-01 to 2023-12-31

LOUIS T GRAVES MEMORIAL PUBLIC LIBRARY, founded in 1941, is a small nonprofit in the Education sector that reported $596K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $520K left a modest 13% surplus.

Mission

TO OPERATE AND MAINTAIN A FREE PUBLIC LIBRARY IN KENNEBUNKPORT MAINE.

Program Service Accomplishments

Program 1

Expenses: $490,521

THE LARGEST PROGRAM IS MAINTAINING THE LIBRARY THROUGH PURCHASES OF BOOKS AND LIBRARY MATERIALS, AND TO SUPPORT LIBRARY STAFF AND GENERAL OPERATING EXPENSES.

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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 $360,350

Program Service Revenue $0

Investment Income $153,122

Other Revenue $82,124

TOTAL REVENUE $595,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $291,001

Fundraising Expenses $5,982

Program Expenses $490,521

Other Expenses $228,894

TOTAL EXPENSES $519,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$595,596	$465,929	+0.3%
Expenses	$519,895	$468,070	+0.1%
Net Income	$75,701	$-2,141	-36.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE DYKSTRA	PRESIDENT	4.00	Officer Director	$0	$0	$0
WILLIAM WEIDNER	TREASURER	4.00	Officer Director	$0	$0	$0
LANI DIETZ	TRUSTEE	4.00	Director	$0	$0	$0
JOHN ESSEET	TRUSTEE	4.00	Director	$0	$0	$0
DENISE LAFOLLA	TRUSTEE	4.00	Director	$0	$0	$0
VICKY LAMARRE	TRUSTEE	4.00	Director	$0	$0	$0
STEVEN SESSLER	TRUSTEE	4.00	Director	$0	$0	$0
ROSEMARY SHORE	TRUSTEE	4.00	Director	$0	$0	$0
SARAH VANDER SCHAAFF	TRUSTEE	4.00	Director	$0	$0	$0
MICHAEL DONAGHY	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
CHRISTOPHER WIGLE	TRUSTEE	4.00	Director	$0	$0	$0
LELA WILLIAMS	SECRETARY	4.00	Officer Director	$0	$0	$0
MARY LOU BOUCOUVALAS	LIBRARY DIRECTOR	40.00	Officer	$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	$595,596	$519,895	$4,454,449	$75,701
2022	$465,929	$468,070	$4,207,067	$-2,141
2022	$465,929	$468,070	$4,207,067	$-2,141
2021	$631,926	$404,500	$4,740,681	$227,426
2020	$785,667	$407,208	$4,433,098	$378,459
2019	$415,661	$387,903	$3,963,711	$27,758
2018	$558,458	$424,215	$3,767,340	$134,243

LOUIS T GRAVES MEMORIAL PUBLIC LIBRARY