MERRILL MEMORIAL LIBRARY (EIN 016012936) - 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

1905

Legal Domicile

Principal Officer

NAT BESSEY

Phone

2078464763

Tax Period

2023-07-01 to 2024-06-30

MERRILL MEMORIAL LIBRARY, founded in 1905, is a small nonprofit that reported $723K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $645K left a modest 11% surplus.

Mission

TO PROVIDE FREE PUBLIC LIBRARY SERVICES TO THE TOWN OF YARMOUTH, MAINE AND NEARBY COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $616,369

Program Service Revenue $9,147

Investment Income $97,328

Other Revenue $0

TOTAL REVENUE $722,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $461,476

Fundraising Expenses $0

Program Expenses $645,166

Other Expenses $183,690

TOTAL EXPENSES $645,166

Year-over-Year Comparison

	2023	2022	Change
Revenue	$722,844	$562,708	+0.3%
Expenses	$645,166	$590,082	+0.1%
Net Income	$77,678	$-27,374	-3.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAT BESSEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
EMILY BIRCHBY	TRUSTEE	N/A	Director	$0	$0	$0
ERIK HELLSTEDT	TRUSTEE	N/A	Director	$0	$0	$0
TIM KITTREDGE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ANDREW MARIANSKI	TREASURER	N/A	Officer Director	$0	$0	$0
STEPHANNIE SMALL	SECRETARY	N/A	Officer Director	$0	$0	$0
DAVID KITCHEN	TRUSTEE	N/A		$0	$0	$0
BETSEY REINSBOROUGH	TRUSTEE	N/A		$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	No data	No data	No data	No data
2024	$722,844	$645,166	$4,205,447	$77,678
2023	$562,708	$590,082	$4,127,769	$-27,374
2022	$731,086	$544,944	$4,155,143	$186,142
2021	$526,035	$542,218	$3,969,001	$-16,183

MERRILL MEMORIAL LIBRARY