CARVER MEMORIAL LIBRARY ASSOCIATION (EIN 016019125) - 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

1943

Legal Domicile

Principal Officer

CELINE KELLEY

Phone

2075482303

Tax Period

2024-01-01 to 2024-12-31

CARVER MEMORIAL LIBRARY ASSOCIATION, founded in 1943, is a micro nonprofit that reported $82K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $36K, a strong 44% operating margin.

Mission

HONORING SEARSPORT'S HERITAGE, THE CARVER MEMORIAL LIBRARY IS AN ANCHOR FOR THE COMMUNITY AND A VESSEL FOR LIFE-LONG LEARNING BY PROVIDING ACCESS TO INFORMATION, IDEAS, AND TECHNOLOGY.

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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 $23,879

Program Service Revenue $2,716

Investment Income $50,915

Other Revenue $4,813

TOTAL REVENUE $82,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,480

Other Expenses $46,309

TOTAL EXPENSES $46,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,323	$99,889	-0.2%
Expenses	$46,309	$40,361	+0.1%
Net Income	$36,014	$59,528	-0.4%

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

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

$3,499

Total Directors

$3,499

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CELINE KELLEY	PRESIDENT	2.00	Officer Director	$0	$0	$3,499
NICK LYKLING	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JACK REEVES EYRE	SECRETARY	2.00	Officer Director	$0	$0	$0
ERICA BUSWELL	TREASURER	2.00	Officer Director	$0	$0	$0
CAROLINE RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
ELLY BURNETT	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE FARLEY	DIRECTOR	1.00	Director	$0	$0	$0
SIGRID COFFIN	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE SEEKINS	DIRECTOR	1.00	Director	$0	$0	$0
SUE NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD MARR	DIRECTOR	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
2024	$82,323	$46,309	$546,529	$36,014
2023	$99,889	$40,361	$511,710	$59,528

CARVER MEMORIAL LIBRARY ASSOCIATION