JACKSON MEMORIAL LIBRARY

EIN: 010379054 501(c)(3)

TENANTS HARBOR, ME

Total Revenue
$245,569
Total Expenses
$251,590
Total Assets
$3,893,668
Net Assets
$3,881,267
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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
1934
Legal Domicile
ME
Principal Officer
VIRGINIA VAITONES
Phone
2073728961
Tax Period
2024-01-01 to 2024-12-31

JACKSON MEMORIAL LIBRARY, founded in 1934, is a small nonprofit that reported $246K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $3.9M represent 190 months of operating reserves.

Mission

PUBLIC LIBRARY

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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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
3
Volunteers
50

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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