Howe Library Corporation

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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

1899

Legal Domicile

Principal Officer

Janice Starkey

Phone

6036403251

Tax Period

2023-07-01 to 2024-06-30

Howe Library Corporation, founded in 1899, is a small nonprofit that reported $560K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 17% operating margin.

Mission

To own the building housing the Howe Library and to support the operations of the Howe Library, the public library of the town of Hanover, NH.

Program Service Accomplishments

Program 1

Expenses: $329,222

Howe Libary Corporation owns the structure housing the Howe Library in Hanover, NH. The organization also provides funding for the library, the operation of which is primarily funded by the town of Hanover. The organization receives donations from various sources to purchase circulating materials, to offer adult and children's programs and to provide other financial assistance to the library.

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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 $387,060

Program Service Revenue $0

Investment Income $147,045

Other Revenue $26,331

TOTAL REVENUE $560,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,549

Fundraising Expenses $31,298

Program Expenses $329,222

Other Expenses $419,674

TOTAL EXPENSES $465,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$560,436	$359,155	+0.6%
Expenses	$465,223	$413,399	+0.1%
Net Income	$95,213	$-54,244	-2.8%

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

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
Tracy Walsh	Trustee	1.00	Director	$0	$0	$0
Janice Sttarkey	Treasurer	6.00	Officer Director	$0	$0	$0
Laura Larrick	Chair	4.00	Officer Director	$0	$0	$0
Stan Colla	Trustee	1.00	Director	$0	$0	$0
Barbara Spaid	Secretary	1.00	Officer Director	$0	$0	$0
Joanna Whitcomb	Trustee - Select Board Rep	1.00	Director	$0	$0	$0
Catherine Rieke	Trustee	1.00	Director	$0	$0	$0
Deb Williamson	Secretary	4.00	Officer Director	$0	$0	$0
Lawrence Walters	Trustee	1.00	Director	$0	$0	$0
Charlie Wheelan	Trustee	1.00	Director	$0	$0	$0
Irasema Saucedo	Trustee	1.00	Director	$0	$0	$0
Rubi Simon	Ex-Officio/Director	5.00	Director	$0	$0	$0
Carolyn Dever	Vice Chair	4.00	Officer 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	$560,436	$465,223	$8,878,335	$95,213
2023	$359,155	$413,399	$8,256,781	$-54,244
2022	$255,172	$365,951	$7,893,810	$-110,779
2022	$233,821	$365,951	$7,893,810	$-132,130
2021	$733,452	$355,374	$8,644,103	$378,078
2020	$471,790	$359,521	$7,509,476	$112,269
2019	$195,440	$374,850	$7,562,908	$-179,410