THE NATHAN AND HENRY B CLEAVES LAW LIBRARY

EIN: 010511596 501(c)(3) Education

PORTLAND, ME

Total Revenue
$228,724
Total Expenses
$217,612
Total Assets
$3,590,649
Net Assets
$3,590,649
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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
1996
Legal Domicile
ME
Principal Officer
LUKE RIOUX
Phone
2077739712
Tax Period
2024-01-01 to 2024-12-31

THE NATHAN AND HENRY B CLEAVES LAW LIBRARY, founded in 1996, is a small nonprofit in the Education sector that reported $229K in total revenue in fiscal year 2024. Expenses of $218K left a modest 5% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $89,376

ACQUIRE AND MAINTAIN BOOKS AND OTHER PUBLICATIONS

Program 2
Expenses: $47,294 Revenue: $11,240

PROVIDE LAW LIBRARY SERVICES TO MEMBERS AND TO THE GENERAL PUBLIC.

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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 $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

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Governance

Voting Members
15
Independent Members
15
Employees
2
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
5
$87,087
Total Directors
16
$87,087
Key Employees
0
$0
Highest Compensated
0
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
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