Brunswick Public Library Association d/b/a Curtis Memorial Library (EIN 016000787) - 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

1974

Legal Domicile

Principal Officer

Elisabeth Doucett

Phone

2077255242

Tax Period

2024-07-01 to 2025-06-30

Brunswick Public Library Association d/b/a Curtis Memorial Library, founded in 1974, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $656K, a strong 20% operating margin.

Mission

To provide a library for the citizens of Brunswick, Maine.

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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 $2,767,820

Program Service Revenue $42,164

Investment Income $427,995

Other Revenue $11,388

TOTAL REVENUE $3,249,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,903,701

Fundraising Expenses $291,368

Program Expenses $2,086,743

Other Expenses $690,106

TOTAL EXPENSES $2,593,807

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,249,367	$2,735,955	+0.2%
Expenses	$2,593,807	$2,499,659	+0.0%
Net Income	$655,560	$236,296	+1.8%

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

165

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

$158,117

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tahnthawan Coffin	Chair	2.00	Officer Director	$0	$0	$0
Keith Bisson	Vice Chair	2.00	Officer Director	$0	$0	$0
John Gillespie	Treasurer	2.00	Officer Director	$0	$0	$0
John Wright	Secretary	2.00	Officer Director	$0	$0	$0
Karin Hoppenbrouwers	Secretary	2.00	Officer Director	$0	$0	$0
Lisa Botshon	Board Member	1.00	Director	$0	$0	$0
Candace Kanes	Board Member	1.00	Director	$0	$0	$0
Kristin Jhamb	Board Member	1.00	Director	$0	$0	$0
Karl Lauenstein	Board Member	1.00	Director	$0	$0	$0
Dave Millar	Board Member	1.00	Director	$0	$0	$0
Leanne Robbin	Board Member	1.00	Director	$0	$0	$0
Christine Eames	Ex-Officio	1.00	Director	$0	$0	$0
Julia Henze	Ex-Officio	1.00	Director	$0	$0	$0
Stephanie Dumont	Board Member	1.00	Director	$0	$0	$0
Elisabeth Doucett	Library Director	35.00	Officer	$133,390	$24,727	$158,117

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	$3,249,367	$2,593,807	$7,640,523	$655,560
2024	$2,735,955	$2,499,659	$6,660,610	$236,296
2023	$3,265,738	$2,236,042	$6,096,894	$1,029,696
2022	$2,568,620	$2,013,564	$4,573,587	$555,056
2021	$2,415,343	$1,839,558	$4,655,402	$575,785
2020	$2,090,172	$1,968,025	$3,676,279	$122,147
2019	$2,080,736	$1,967,421	$3,235,022	$113,315

Brunswick Public Library Association d/b/a Curtis Memorial Library