CHARLOTTE HOBBS MEMORIAL LIBRARY

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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

1901

Legal Domicile

Phone

2079253177

Tax Period

2020-01-01 to 2020-12-31

CHARLOTTE HOBBS MEMORIAL LIBRARY, founded in 1901, is a small nonprofit in the Education sector that reported $172K in total revenue in fiscal year 2020. The organization ran a surplus of $43K, a strong 25% operating margin.

Mission

PUBLIC LIBRARY

Program Service Accomplishments

Program 1

Expenses: $115,165

THE CHARLOTTE HOBBS MEMORIAL LIBRARY PROVIDES LIBRARY RELATED SERVICES TO THE LOCAL COMMUNITY. THE LIBRARY IS SUPPORTED PRIMARILY THROUGH ANNUAL CONTRIBUTIONS FROM THE TOWN OF LOVELL ALONG WITH...

THE CHARLOTTE HOBBS MEMORIAL LIBRARY PROVIDES LIBRARY RELATED SERVICES TO THE LOCAL COMMUNITY. THE LIBRARY IS SUPPORTED PRIMARILY THROUGH ANNUAL CONTRIBUTIONS FROM THE TOWN OF LOVELL ALONG WITH PERIODIC DONATIONS FROM INDIVIDUALS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $135,956

Program Service Revenue $1,896

Investment Income $6,281

Other Revenue $28,128

TOTAL REVENUE $172,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,551

Fundraising Expenses $3,450

Program Expenses $115,165

Other Expenses $73,743

TOTAL EXPENSES $129,294

Year-over-Year Comparison

	2020	2019	Change
Revenue	$172,261	$165,490	+0.0%
Expenses	$129,294	$170,874	-0.2%
Net Income	$42,967	$-5,384	-9.0%

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
ANDREA MACHT	Vice President	7.00	Officer Director	$0	$0	$0
DAVID FRUM	Treasurer	10.00	Officer Director	$0	$0	$0
CHRISTINE ROTHMAN	Trustee	6.00	Director	$0	$0	$0
ALICE CARBERY	Trustee	6.00	Director	$0	$0	$0
BARBARA COLLINS	Trustee	6.00	Director	$0	$0	$0
ANN DISKIN	Secretary	9.00	Officer Director	$0	$0	$0
NAOMI KING	President	12.00	Officer Director	$0	$0	$0
TIM CYR	Trustee	6.00	Director	$0	$0	$0
ELIZABETH EAMES	Trustee	6.00	Director	$0	$0	$0
SUSAN GREGSON	Trustee	6.00	Director	$0	$0	$0
GILSON RIECKEN	Trustee	6.00	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
2020	$172,261	$129,294	$1,169,396	$42,967
2019	$165,490	$170,874	$1,126,429	$-5,384
2018	$147,349	$190,741	$1,136,670	$-43,392