JACKSON MEMORIAL LIBRARY (EIN 010379054) - 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

1934

Legal Domicile

Principal Officer

VIRGINIA VAITONES

Phone

2073728961

Tax Period

2024-01-01 to 2024-12-31

JACKSON MEMORIAL LIBRARY is a 501(c)(3) with EIN 010379054, based in TENANTS HARBOR, ME. Founded in 1934, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $245,569 in total revenue and $251,590 in total expenses, with net assets of $3,881,267.

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 (2024)

Revenue Breakdown

Contributions & Grants $159,670

Program Service Revenue $7,349

Investment Income $25,814

Other Revenue $52,736

TOTAL REVENUE $245,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,061

Fundraising Expenses $21,192

Program Expenses $145,478

Other Expenses $160,529

TOTAL EXPENSES $251,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,569	$215,250	+0.1%
Expenses	$251,590	$264,520	0.0%
Net Income	$-6,021	$-49,270	-0.9%

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
VIRGINIA VAITONES	PRESIDENT	3.50	Officer Director	$0	$0	$0
ELIZABETH MAY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRIS WILLIAMSON	TREASURER	3.00	Officer Director	$0	$0	$0
ELAINE WILSON	SECRETARY	0.30	Officer Director	$0	$0	$0
MARY CADY	BOARD MEMBER	0.10	Director	$0	$0	$0
TRACY LEAVITT	BOARD MEMBER	0.90	Director	$0	$0	$0
ANNE ROGERS	BOARD MEMBER	1.30	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	$245,569	$251,590	$3,893,668	$-6,021
2023	$215,250	$264,520	$3,785,145	$-49,270
2022	$220,936	$295,843	$3,709,381	$-74,907
2021	$238,993	$272,848	$3,925,399	$-33,855
2020	$361,860	$279,192	$3,791,579	$82,668
2019	$297,253	$276,501	$3,706,704	$20,752
2018	$167,557	$282,439	$3,687,826	$-114,882

JACKSON MEMORIAL LIBRARY