DORCAS LIBRARY ASSOC

EIN: 010458421 501(c)(3) Education

PROSPECT HARBOR, ME

Total Revenue
$96,723
Total Expenses
$80,920
Total Assets
$511,244
Net Assets
$510,921
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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
1932
Legal Domicile
ME
Principal Officer
SARAH MILLER
Phone
2079634027
Tax Period
2024-01-01 to 2024-12-31

DORCAS LIBRARY ASSOC, founded in 1932, is a micro nonprofit in the Education sector that reported $97K in total revenue in fiscal year 2024. The organization ran a surplus of $16K, a strong 16% operating margin.

Mission

DORCAS LIBRARY BRINGS PEOPLE, INFORMATION, AND IDEAS TOGETHER TO ENRICH LIVES, BUILD COMMUNITY, AND INSPIRE THE JOY OF LIFELONG LEARNING.

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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 $47,531
Program Service Revenue $0
Investment Income $26,019
Other Revenue $23,173
TOTAL REVENUE $96,723

Expense Breakdown

Grants Paid $0
Salaries & Benefits $28,333
Fundraising Expenses $0
Program Expenses $76,362
Other Expenses $52,587
TOTAL EXPENSES $80,920

Year-over-Year Comparison

2024 2023 Change
Revenue $96,723 N/A N/A
Expenses $80,920 N/A N/A
Net Income $15,803 N/A N/A
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
8
Independent Members
8
Employees
3
Volunteers
49

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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID HOTTLE TRUSTEE 1.00
Director
$0 $0 $0
JILL JEUDE TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH MATHEWSON CO PRESIDENT 1.00
Officer Director
$0 $0 $0
SARAH MILLER PRESIDENT 1.00
Officer Director
$0 $0 $0
ELLEN PERKA SECRETARY 1.00
Officer Director
$0 $0 $0
TIM SMITH TREASURER 1.00
Officer Director
$0 $0 $0
HEATHER SMOLENSKI VICE PRESIDE 1.00
Officer Director
$0 $0 $0
YUMI YOUNG 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
2024 $96,723 $80,920 $511,244 $15,803
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