WALDOBORO PUBLIC LIBRARY (EIN 010329748) - 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

1916

Legal Domicile

Principal Officer

ANDY LACKOFF

Phone

2078324484

Tax Period

2023-01-01 to 2023-12-31

WALDOBORO PUBLIC LIBRARY is a 501(c)(3) with EIN 010329748, based in WALDOBORO, ME. Founded in 1916, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $298,475 in total revenue and $179,517 in total expenses, with net assets of $1,529,501.

Mission

OPERATION OF 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 $141,072

Program Service Revenue $2,730

Investment Income $145,507

Other Revenue $9,166

TOTAL REVENUE $298,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,572

Fundraising Expenses $6,338

Program Expenses $152,504

Other Expenses $69,945

TOTAL EXPENSES $179,517

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,475	$13,408	+21.3%
Expenses	$179,517	$175,868	+0.0%
Net Income	$118,958	$-162,460	-1.7%

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

$42,238

Total Directors

$42,238

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK WATERMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
CATHRINA SKOV	EXECUTIVE DIRECTOR	32.00	Officer Director	$42,238	$0	$42,238
ANDY LACKOFF	PRESIDENT	1.00	Officer Director	$0	$0	$0
BARBARA BREWER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HEATHER DILBECK	TREASURER	1.00	Officer Director	$0	$0	$0
MELISSA BARBOUR	TRUSTEE	0.25	Director	$0	$0	$0
SALLY BUTLER	TRUSTEE	2.00	Director	$0	$0	$0
LAURIE HOWARTH	TRUSTEE	2.00	Director	$0	$0	$0
NANCY HAYDEN	TRUSTEE	1.00	Director	$0	$0	$0
MARK ECKERT	TRUSTEE	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	$298,475	$179,517	$1,531,555	$118,958
2022	$13,408	$175,868	$1,412,793	$-162,460
2021	$316,289	$160,428	$1,575,736	$155,861
2020	$260,459	$157,484	$1,419,454	$102,975
2019	$293,113	$166,722	$1,316,773	$126,391
2018	$96,353	$163,347	$1,190,313	$-66,994

WALDOBORO PUBLIC LIBRARY