FRIENDS OF ROCKLAND PUBLIC LIBRARY (EIN 010478564) - 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

1993

Legal Domicile

Principal Officer

MELISSA WATERMAN

Phone

2075967266

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF ROCKLAND PUBLIC LIBRARY is a 501(c)(3) with EIN 010478564, based in ROCKLAND, ME. Founded in 1993, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $59,245 in total revenue and $59,824 in total expenses, with net assets of $183,875.

Mission

THE MISSION OF THE FRIENDS OF THE ROCKLAND PUBLIC LIBRARY IS TO SUPPORT THE GOALS OF THE LIBRARY AND ITS ADVISORY BOARD IN THEIR EFFORTS TO SERVE THE CITY AND THE GREATER ROCKLAND 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 $44,180

Program Service Revenue $0

Investment Income $88

Other Revenue $14,977

TOTAL REVENUE $59,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $483

Program Expenses $55,506

Other Expenses $59,824

TOTAL EXPENSES $59,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,245	$63,970	-0.1%
Expenses	$59,824	$47,995	+0.2%
Net Income	$-579	$15,975	-1.0%

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

N/A

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
JESSICA CLINES	DIRECTOR & VP	3.00	Officer Director	$0	$0	$0
KATHARINE FARRELL	DIRECTOR & SECRETARY	4.00	Officer Director	$0	$0	$0
CHUCK GIFFORD	DIRECTOR & SECRETARY	3.00	Officer Director	$0	$0	$0
JONI HALL	DIRECTOR	2.00	Director	$0	$0	$0
MAUREEN JENNINGS	DIRECTOR	2.00	Director	$0	$0	$0
ANN RAFFERTY	DIRECTOR	2.00	Director	$0	$0	$0
JANE REISLEY	DIRECTOR & TREASURER	4.00	Officer Director	$0	$0	$0
DEB SCHILDER	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA WATERMAN	DIRECTOR & PRESIDENT	4.00	Officer Director	$0	$0	$0
JANET WOLFORD	DIRECTOR	2.00	Director	$0	$0	$0
BONNIE KERN	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTA ZUBER	DIRECTOR	4.00	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	$59,245	$59,824	$183,875	$-579
2023	$63,970	$47,995	$184,454	$15,975
2022	$59,548	$49,821	$168,479	$9,727
2021	$62,176	$75,698	$158,752	$-13,522
2020	$53,734	$35,823	$171,874	$17,911
2019	$61,740	$56,766	$153,963	$4,974

FRIENDS OF ROCKLAND PUBLIC LIBRARY