BOWDOINHAM PUBLIC LIBRARY

EIN: 016016360 501(c)(3) Education

Bowdoinham, ME

Total Revenue
$99,664
Total Expenses
$51,175
Total Assets
$710,149
Net Assets
$709,479
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1910
Legal Domicile
ME
Principal Officer
Amy Carole
Phone
2076668405
Tax Period
2024-07-01 to 2025-06-30

BOWDOINHAM PUBLIC LIBRARY, founded in 1910, is a micro nonprofit in the Education sector that reported $100K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $48K, a strong 49% operating margin.

Mission

To provide and maintain a public library which provides free services to the residents of Bowdoinham (pop. c. 3000), lends books and other media, offers educational and reading programs to children, youth and people of all ages, provides computer access to the public and a workspace for remote workers.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $72,879
Program Service Revenue $131
Investment Income $11,187
Other Revenue $15,467
TOTAL REVENUE $99,664

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,282
Fundraising Expenses $2,374
Program Expenses $28,824
Other Expenses $21,893
TOTAL EXPENSES $51,175

Year-over-Year Comparison

2024 2023 Change
Revenue $99,664 $183,945 -0.5%
Expenses $51,175 $75,444 -0.3%
Net Income $48,489 $108,501 -0.6%
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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Governance

Voting Members
7
Independent Members
N/A
Employees
1
Volunteers
130

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
4
$7,950
Total Directors
1
$54,366
Key Employees
1
$54,366
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Katherine G Cutko Library Director 23
Director Key Emp Highest
$27,183 $27,183 $54,366
Sherry Ann Carmichael Treasurer 4
Officer
$2,925 $2,925 $5,850
Jacqueline Shea Treasurer 2
Officer
$1,050 $1,050 $2,100
Laurie Peavey-Ross Trustee 0.25
$0 $0 $0
Kasey Ann Hughes Trustee 0.25
$0 $0 $0
Hannah Spinrad Trustee 0.25
$0 $0 $0
Stephanie C Hanner President 0
Officer
$0 $0 $0
Marla R Blake Vice President 0.5
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
2025 $99,664 $51,175 $710,149 $48,489
2024 No data No data No data No data
2023 $93,144 $64,863 $638,262 $28,281
2022 $116,740 $50,788 $608,420 $65,952
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