TOPSHAM PUBLIC LIBRARY (EIN 010268926) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

KATHERINE WEBBER

Phone

2077251727

Tax Period

2023-07-01 to 2024-06-30

TOPSHAM PUBLIC LIBRARY is a 501(c)(3) with EIN 010268926, based in TOPSHAM, ME. Founded in 1939, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $969,920 in total revenue and $950,394 in total expenses, with net assets of $1,689,538.

Mission

PUBLIC LIBRARY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $956,494

Program Service Revenue $12,293

Investment Income $0

Other Revenue $1,133

TOTAL REVENUE $969,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $725,873

Fundraising Expenses $47,820

Program Expenses $751,896

Other Expenses $224,521

TOTAL EXPENSES $950,394

Year-over-Year Comparison

	2023	2022	Change
Revenue	$969,920	$902,976	+0.1%
Expenses	$950,394	$923,092	+0.0%
Net Income	$19,526	$-20,116	-2.0%

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

$115,820

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN PREECE	EXEC. DIR.	40.00	Officer	$98,046	$17,774	$115,820
ERIN ARNESON	TRUSTEE	0.29	Director	$0	$0	$0
PHIL DOSTIE	SECRETARY	2.46	Officer Director	$0	$0	$0
JIM DOYLE	TREASURER	1.16	Officer Director	$0	$0	$0
KELLEY GLIDDEN	PRESIDENT	2.17	Officer Director	$0	$0	$0
HELEN KINCAID	TRUSTEE	0.25	Director	$0	$0	$0
DEBORAH O'NEIL	PRESIDENT	2.62	Director	$0	$0	$0
HAHNA PATTERSON	TRUSTEE	0.44	Director	$0	$0	$0
DON STEIN	TRUSTEE	0.37	Director	$0	$0	$0
BARBARA SWIDERSKI	VICE-PRESIDE	3.91	Officer Director	$0	$0	$0
PATRICIA VAUGHN	TRUSTEE	0.50	Director	$0	$0	$0
ELEANOR YOUNG	STUDENT MEMB	0.37	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	$969,920	$950,394	$1,715,609	$19,526
2023	$902,976	$923,092	$1,641,259	$-20,116
2022	$916,950	$900,425	$1,623,953	$16,525
2021	$1,092,279	$799,612	$1,763,633	$292,667
2020	$799,423	$839,374	$1,261,497	$-39,951
2019	$780,907	$769,016	$1,215,977	$11,891
2018	$1,483,841	$706,553	$1,170,348	$777,288

TOPSHAM PUBLIC LIBRARY