BRIDGTON PUBLIC LIBRARY (EIN 016006524) - 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

1895

Legal Domicile

Principal Officer

JAYNE HAMATY

Phone

2076472472

Tax Period

2024-07-01 to 2025-06-30

BRIDGTON PUBLIC LIBRARY, founded in 1895, is a small nonprofit in the Education sector that reported $845K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $481K, a strong 57% operating margin.

Mission

PUBLIC LIBRARY

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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 $569,440

Program Service Revenue $3,585

Investment Income $265,288

Other Revenue $6,454

TOTAL REVENUE $844,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,408

Fundraising Expenses $3,175

Program Expenses $351,576

Other Expenses $153,454

TOTAL EXPENSES $363,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$844,767	$597,380	+0.4%
Expenses	$363,862	$312,015	+0.2%
Net Income	$480,905	$285,365	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES COSSEY	SECRETARY	4.00	Officer Director	$0	$0	$0
SALLY DUNNING	PRESIDENT	4.00	Officer Director	$0	$0	$0
BRIDGETTE FULLER	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
JAYNE HAMATY	TREASURER	4.00	Officer Director	$0	$0	$0
CINDI HOOPER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID HURSTY	TRUSTEE	1.00	Director	$0	$0	$0
STACY MILLIMAN	TRUSTEE	1.00	Director	$0	$0	$0
LAURA PALDINO	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM RHYS	TRUSTEE	1.00	Director	$0	$0	$0
LEONARD RUDIN	TRUSTEE	1.00	Director	$0	$0	$0
ALAN SCHECHTER	TRISTEE	1.00	Director	$0	$0	$0
MATT SYLVESTRE	TRUSTEE	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	$844,767	$363,862	$3,243,890	$480,905
2024	$597,380	$312,015	$2,768,894	$285,365
2023	$412,407	$309,259	$2,476,616	$103,148
2022	$53,898	$263,626	$2,373,378	$-209,728
2021	$610,796	$214,970	$2,578,733	$395,826

BRIDGTON PUBLIC LIBRARY