LUBEC MEMORIAL LIBRARY (EIN 010284221) - 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

1996

Legal Domicile

Principal Officer

SARAH WILCOX

Phone

2077332491

Tax Period

2024-01-01 to 2024-12-31

LUBEC MEMORIAL LIBRARY, founded in 1996, is a small nonprofit in the Education sector that reported $206K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $78K, a strong 38% operating margin.

Mission

THE LUBEC MEMORIAL LIBRARY'S PRIMARY MISSION IS TO PROVIDE BOOKS, TECHNOLOGY AND PROGRAMMING WHICH ENCOURAGE LEARNING, READING AND COMMUNITY INVOLVEMENT FOT THE CITIZENS OF ALL AGES IN LUBEC AND THE SURROUNDING COMMUNITIES.

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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 $45,169

Program Service Revenue $24,044

Investment Income $137,178

Other Revenue $0

TOTAL REVENUE $206,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,074

Fundraising Expenses $0

Program Expenses $113,169

Other Expenses $85,119

TOTAL EXPENSES $128,193

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,391	$426,102	-0.5%
Expenses	$128,193	$96,715	+0.3%
Net Income	$78,198	$329,387	-0.8%

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

N/A

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
DIANE BAUCOM	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
JEANNE DREWS	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
JERRY GRUBEL	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
STEPHANIE HIGGINS	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
JANET HOUGH	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHERINE JANS	PRESIDENT	2.00	Officer Director	$0	$0	$0
EMILY KNIGHT	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
KAREN MAGINN	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
LAUREN QUIRK	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
COOKIE REPP	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
MARY ELLEN STACY	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
SARAH WILCOX	TREASURER	2.00	Officer Director	$0	$0	$0
VERONICA WRIGHT	BOARD MEMBER	2.00	Officer 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	$206,391	$128,193	$2,595,077	$78,198
2023	$426,102	$96,715	$2,478,778	$329,387
2022	$263,616	$87,705	$2,092,559	$175,911
2021	$57,998	$53,343	$1,479,485	$4,655
2020	$62,723	$46,990	$1,318,776	$15,733

LUBEC MEMORIAL LIBRARY