TURNER PUBLIC LIBRARY PORTLAND TRUST COMPANY MANAGER (EIN 010388492) - 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

1983

Legal Domicile

Principal Officer

CINDY TIBBETTS

Phone

2075586220

Tax Period

2024-07-01 to 2025-06-30

TURNER PUBLIC LIBRARY PORTLAND TRUST COMPANY MANAGER is a 501(c)(3) with EIN 010388492, based in PORTLAND, ME. Founded in 1983, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $151,877 in total revenue and $103,514 in total expenses, with net assets of $664,747.

Mission

THE TURNER PUBLIC LIBRARY SHALL DESIGN ITS SERVICES AND BUILD ITS COLLECTION OF BOOKS AND MEDIA TO ACCOMMODATE AND ADVANCE THE INTEREST OF THE COMMUNITY.

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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 $90,910

Program Service Revenue $0

Investment Income $49,831

Other Revenue $11,136

TOTAL REVENUE $151,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,061

Fundraising Expenses $0

Program Expenses $88,387

Other Expenses $57,453

TOTAL EXPENSES $103,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,877	$100,215	+0.5%
Expenses	$103,514	$119,890	-0.1%
Net Income	$48,363	$-19,675	-3.5%

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
CINDY TIBBETTS	PRESIDENT (THRU 7/24)	1.00	Officer Director	$0	$0	$0
JEREMY TURNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
GRACE KENDALL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNY MAHEU	TREASURER	1.00	Officer Director	$0	$0	$0
CASSANDRA ROY	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINA BONDA-RIVA	TRUSTEE (THRU 7/24)	1.00	Director	$0	$0	$0
PATRICK CLOHESSY	TRUSTEE	1.00	Director	$0	$0	$0
IVA DAMON	TRUSTEE	1.00	Director	$0	$0	$0
TAMMY FERESHETIAN	TRUSTEE (THRU 7/24)	1.00	Director	$0	$0	$0
SARAH FOSTER	TRUSTEE	1.00	Director	$0	$0	$0
CAREY MURCIN	TRUSTEE	1.00	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
2025	$151,877	$103,514	$664,747	$48,363
2024	$100,215	$119,890	$627,113	$-19,675
2023	$83,258	$99,313	$580,687	$-16,055
2022	$159,897	$74,483	$548,653	$85,414
2021	$86,246	$58,960	$534,258	$27,286
2020	$41,039	$59,004	$434,805	$-17,965
2019	$67,521	$62,424	$471,783	$5,097
2018	$54,686	$44,664	$471,764	$10,022

TURNER PUBLIC LIBRARY PORTLAND TRUST COMPANY MANAGER