CASCO LIBRARY ASSOCIATION

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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

1957

Legal Domicile

Principal Officer

Michelle R Brenner

Phone

2076274541

Tax Period

2024-01-01 to 2024-12-31

CASCO LIBRARY ASSOCIATION, founded in 1957, is a small nonprofit that reported $303K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $87K, a strong 29% operating margin.

Mission

The mission of the Casco Public Library is to provide resources to the public in a welcoming facility for all with the goal of encouraging lifelong learning and exploration, cultivating community connections, and upholding intellectual freedom.

Program Service Accomplishments

Program 1

Expenses: $49,802 Revenue: $219

Circulation of library materials including books, magazines, audio-books on CD, DVDs, e-books, digital audio-books, and park/museum passes. In 2024, CPL circulated 14,894 items in our community. We continue to add items to our "Library of Things," which includes snowshoes for all ages, baking pans, family games, CD & DVD players, and "Learning Bundles" which provide activities in literacy, STEM, and social & emotional development. We had a very successful year in 2024 as part of the new Chickadee Library Consortium, joining 4 other local libraries to share collections, resources, and expertise.

Program 2

Expenses: $34,728 Revenue: $0

Providing free educational and entertaining programs for adults, families and children. In 2024, Casco Library provided 293 programs with 2,647 participants. Offering free computer use and free open WIFI to the community. CPL provides 4 public use computers and our WIFI is on 24/7 and reaches our parking lot. Our WIFI serves people inside the library building as well as outside the building.

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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 $238,053

Program Service Revenue $219

Investment Income $55,178

Other Revenue $9,502

TOTAL REVENUE $302,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,569

Fundraising Expenses $16,115

Program Expenses $84,530

Other Expenses $113,861

TOTAL EXPENSES $216,430

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,952	$510,970	-0.4%
Expenses	$216,430	$199,941	+0.1%
Net Income	$86,522	$311,029	-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

$56,245

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michelle Brenner	Library Director	42	Officer Highest	$56,245	$0	$56,245
Sue Pride	Trustee	1	Director	$0	$0	$0
John Burdick	Trustee	1.5	Director	$0	$0	$0
Janet Ver Planck	President	3.4	Officer Director	$0	$0	$0
Karen Fancher	Vice President	2.7	Officer Director	$0	$0	$0
Pamela Edwards	Treasurer	5	Officer Director	$0	$0	$0
Debbie Cota	Secretary	2.5	Officer Director	$0	$0	$0
Mary Fernandes	Trustee	0	Director	$0	$0	$0
Kerri Hurley	Trustee	1.4	Director	$0	$0	$0
George Shank	Trustee	3	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	No data	No data	No data	No data
2024	$302,952	$216,430	$1,350,883	$86,522
2023	$510,970	$199,941	$1,161,362	$311,029
2022	$149,457	$138,814	$786,792	$10,643
2021	$153,204	$115,947	$866,050	$37,257
2020	$149,253	$112,836	$818,412	$36,417
2019	$128,029	$127,372	$788,251	$657