FRIENDS OF THE MILLINOCKET MEMORIA… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

THERESA MACDONALD

Phone

2077237020

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE MILLINOCKET MEMORIAL LIBRARY, founded in 1999, is a micro nonprofit in the Education sector that reported $19K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $22K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO CONTINUE TO RAISE MONEY TO HELP SUPPORT THE TOWN LIBRARY

Program Service Accomplishments

Program 1

Expenses: $18,000 Revenue: $19,737

DONATIONS AND PROCEEDS FROM FUNDRAISERS WERE TRANSFERRED TO THE MILLINOCKET MEMORIAL LIBRARY BOARD IN ORDER TO ASSIST WITH OPERATIONAL EXPENSES TO BENEFIT THE PUBLIC

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,715

Program Service Revenue $0

Investment Income $23

Other Revenue $-564

TOTAL REVENUE $19,174

Expense Breakdown

Grants Paid $18,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,000

Other Expenses $4,446

TOTAL EXPENSES $22,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,174	$30,504	-0.4%
Expenses	$22,446	$22,004	+0.0%
Net Income	$-3,272	$8,500	-1.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
BENJAMIN BARR	PRESIDENT	002.00	Officer	$0	$0	$0
MICHAEL CROWLEY	VICE PRES	001.00	Officer	$0	$0	$0
THERESA MacDONALD	TREASURER	002.00	Officer	$0	$0	$0
MARGIE KING	SECRETARY	001.00	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	$19,174	$22,446	$34,086	$-3,272
2022	$30,504	$22,004	$37,358	$8,500
2021	$18,128	$22,822	$28,858	$-4,694
2020	$11,041	$24,597	$33,552	$-13,556
2019	$30,102	$25,110	$47,108	$4,992
2018	$281,588	$285,544	$42,116	$-3,956

FRIENDS OF THE MILLINOCKET MEMORIAL LIBRARY