Gilmanton Year Round Library Association (EIN 020516788) - 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

1999

Legal Domicile

Principal Officer

Carol N Mitchell

Phone

6033642400

Tax Period

2024-07-01 to 2025-06-30

Gilmanton Year Round Library Association, founded in 1999, is a micro nonprofit in the Education sector that reported $65K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $121K exceeded revenue, resulting in a 88% operating deficit.

Mission

To create maintain a year-round library in Gilmanton focus public attention on the library to support cooperate with the library in developing library services facilities for the community and to support the freedom to read as expressed in the Library Association Bill of Rights.

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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 $44,246

Program Service Revenue $35

Investment Income $14,462

Other Revenue $5,889

TOTAL REVENUE $64,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,325

Fundraising Expenses $196

Program Expenses $113,396

Other Expenses $71,031

TOTAL EXPENSES $121,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,632	$113,743	-0.4%
Expenses	$121,356	$130,458	-0.1%
Net Income	$-56,724	$-16,715	+2.4%

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

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
CHRISTINE M SCHLEGEL	PRESIDENT	004.00	Officer Director	$0	$0	$0
DONALD E HARRIS	VICE PRESIDENT	004.00	Officer Director	$0	$0	$0
LOU ANN HARRIS	SECRETARY	004.00	Officer Director	$0	$0	$0
CAROL N MITCHELL	TREASURER	004.00	Officer Director	$0	$0	$0
LEONARD JACK' SCHAFFNIT	DIRECTOR	002.00	Director	$0	$0	$0
JUNE Z GAREN	DIRECTOR	002.00	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
2025	$64,632	$121,356	$860,855	$-56,724
2024	$113,743	$130,458	$883,940	$-16,715
2023	$120,472	$134,095	$888,829	$-13,623
2022	$94,418	$112,197	$928,402	$-17,779
2021	$140,030	$91,287	$932,831	$48,743
2020	$107,114	$117,016	$841,929	$-9,902

Gilmanton Year Round Library Association