THE NATHAN AND HENRY B CLEAVES LAW LIBRARY (EIN 010511596) - 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

1996

Legal Domicile

Principal Officer

LUKE RIOUX

Phone

2077739712

Tax Period

2024-01-01 to 2024-12-31

THE NATHAN AND HENRY B CLEAVES LAW LIBRARY is a 501(c)(3) with EIN 010511596, based in PORTLAND, ME. Founded in 1996, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $228,724 in total revenue and $217,612 in total expenses, with net assets of $3,590,649.

Mission

TO SERVE THE EDUCATIONAL, HISTORICAL AND LEGAL RESEARCH NEEDS OF ITS MEMBERS AND OF THE GENERAL PUBLIC, AND TO MAINTAIN HISTORIC ARTIFACTS.

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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 $85,987

Program Service Revenue $10,939

Investment Income $131,497

Other Revenue $301

TOTAL REVENUE $228,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,307

Fundraising Expenses $0

Program Expenses $136,670

Other Expenses $124,305

TOTAL EXPENSES $217,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,724	$220,750	+0.0%
Expenses	$217,612	$221,281	0.0%
Net Income	$11,112	$-531	-21.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$87,087

Total Directors

$87,087

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIA SHERIDAN	TREASURER	0.00	Officer Director	$0	$0	$0
GREG IM	PRESIDENT	0.00	Officer Director	$0	$0	$0
MICHAEL SAUCIER	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
ERICA JOHANSON	SECRETARY	0.00	Officer Director	$0	$0	$0
NANCY RABASCA	LIBRARIAN	40.00	Officer Director	$65,612	$21,475	$87,087
DANIEL MURPHY	DIRECTOR	0.00	Director	$0	$0	$0
DAVID MCCONNELL	DIRECTOR	0.00	Director	$0	$0	$0
BRETT LELAND	DIRECTOR	0.00	Director	$0	$0	$0
JOSEPH SIVISKI	DIRECTOR	0.00	Director	$0	$0	$0
AJ HUNGERFORD	DIRECTOR	0.00	Director	$0	$0	$0
LANI REMICK	DIRECTOR	0.00	Director	$0	$0	$0
LUKE RIOUX	DIRECTOR	0.00	Director	$0	$0	$0
ABIGAIL VARGA	DIRECTOR	0.00	Director	$0	$0	$0
ELLSWORTH RUNDLETT	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM HEWITT	DIRECTOR	0.00	Director	$0	$0	$0
CAROL EISENBERG	DIRECTOR	0.00	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	$228,724	$217,612	$3,590,649	$11,112
2023	$220,750	$221,281	$3,311,347	$-531
2022	$165,534	$195,426	$3,027,682	$-29,892
2021	$274,183	$193,062	$3,488,276	$81,121
2020	$165,272	$208,462	$3,102,652	$-43,190
2019	$272,507	$206,213	$2,927,751	$66,294
2018	$242,076	$212,106	$2,498,929	$29,970

THE NATHAN AND HENRY B CLEAVES LAW LIBRARY