BANGOR PUBLIC LIBRARY (EIN 016000785) - Form 990 Financial Analysis & Trantor Score

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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

1953

Legal Domicile

Principal Officer

BEN TREAT

Phone

2079478336

Tax Period

2024-07-01 to 2025-06-30

BANGOR PUBLIC LIBRARY, founded in 1953, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Net assets of $25.3M represent 83 months of operating reserves.

Mission

THE BANGOR PUBLIC LIBRARY STRIVES TO INSPIRE, ENLIGHTEN, AND ENRICH ITS MEMBERS BY CONNECTING THEM TO BOOKS, INFORMATION, AND IDEAS NEEDED FOR WORK, RECREATION, EDUCATION, AND INSPIRATION BY PROVIDING EXCELLENT LIBRARY SERVICE TO ITS MEMBERS AND COMMUNITY.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,873,733

Program Service Revenue $16,583

Investment Income $766,932

Other Revenue $1,800

TOTAL REVENUE $3,659,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,344,082

Fundraising Expenses $94,009

Program Expenses $3,435,066

Other Expenses $1,432,698

TOTAL EXPENSES $3,776,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,659,048	$2,809,449	+0.3%
Expenses	$3,776,780	$3,623,563	+0.0%
Net Income	$-117,732	$-814,114	-0.9%

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

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

$114,757

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHI FARNHAM	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANKLIN E BRAGG MD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LEE CHICK	TREASURER	1.00	Officer Director	$0	$0	$0
BEN TREAT	SECRETARY &	40.00	Officer	$108,261	$6,496	$114,757
ANNE-MARIE VICKERS QUIN	TRUSTEE	1.00	Director	$0	$0	$0
WENDY ERICKSON	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD W GOULD	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT KELLY	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH M PRATT	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LITTLE	CITY REPRESE	1.00	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
2025	$3,659,048	$3,776,780	$25,691,717	$-117,732
2024	$2,809,449	$3,623,563	$24,443,373	$-814,114
2023	$3,175,539	$3,428,178	$24,072,897	$-252,639
2022	$3,718,608	$3,200,340	$23,558,664	$518,268
2021	$2,775,295	$2,986,362	$25,795,919	$-211,067
2020	$2,122,545	$2,979,297	$24,267,120	$-856,752
2019	$1,914,722	$2,996,243	$24,768,517	$-1,081,521
2018	$2,408,644	$2,935,685	$25,379,668	$-527,041

BANGOR PUBLIC LIBRARY