Washington Library Association (EIN 010473601) - 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

1992

Legal Domicile

Phone

2078452663

Tax Period

2023-01-01 to 2023-12-31

Washington Library Association is a 501(c)(3) with EIN 010473601, based in Washington, ME. Founded in 1992, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $68,419 in total revenue and $40,072 in total expenses, with net assets of $629,777.

Mission

To operate the public library in the Town of Washington.

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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 $33,867

Program Service Revenue $384

Investment Income $34,168

Other Revenue $0

TOTAL REVENUE $68,419

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,445

Fundraising Expenses $424

Program Expenses $36,737

Other Expenses $22,627

TOTAL EXPENSES $40,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,419	$12,651	+4.4%
Expenses	$40,072	$50,012	-0.2%
Net Income	$28,347	$-37,361	-1.8%

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
Kristen Baker	Trustee	1.00	Director	$0	$0	$0
Beth Connor	Trustee	1.00	Director	$0	$0	$0
Hazel Kopishke	Trustee	2.00	Director	$0	$0	$0
Mary Fernandes	Trustee	1.00	Director	$0	$0	$0
Glenice Skelton	Trustee	1.00	Director	$0	$0	$0
Neil Gross	Trustee	1.00	Director	$0	$0	$0
Delphine Sherin	Trustee	1.00	Director	$0	$0	$0
Julie Madden	Secretary	3.00	Officer	$0	$0	$0
Kathleen Ocean	Vice President	3.00	Officer	$0	$0	$0
Susan D'Amore	Treasurer	1.00	Officer	$0	$0	$0
Chris DeGroff	President	3.00	Officer	$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	$68,419	$40,072	$630,160	$28,347
2022	$12,651	$50,012	$550,962	$-37,361
2021	$104,544	$38,767	$680,427	$65,777
2020	$116,093	$38,073	$617,784	$78,020
2019	$90,912	$35,697	$493,213	$55,215
2018	$64,198	$36,776	$411,217	$27,422

Washington Library Association