CHOCORUA PUBLIC 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

1968

Legal Domicile

Principal Officer

SUSAN MACDONALD

Phone

6033238610

Tax Period

2023-01-01 to 2023-12-31

CHOCORUA PUBLIC LIBRARY, founded in 1968, is a micro nonprofit in the Public & Societal Benefit sector that reported $66K in total revenue in fiscal year 2023. Expenses of $85K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE ORGANIZATION MAINTAINS A NON-FEE PUBLIC LIBRARY SERVICING THE RESIDENTS OF TAMWORTH, NH

Program Service Accomplishments

Program 1

Expenses: $77,799

THE ORGANIZATION MAINTAINS A NON-FEE PUBLIC LIBRARY SERVICING THE RESIDENTS OF TAMWORTH, NH. THE LIBRARY CONTAINS VARIOUS PERIODICALS AND APPROXIMATELY 10,000 VOLUMES FOR READING AND RESEARCH AIMED AT PROMOTING AND STIMULATING KNOWLEDGE, WISDOM, CULTURE, AND ENJOYMENT OF READING AND BOOKS AS WELL AS OTHER EDUCATIONAL TOOLS. THE LIBRARY ALSO SPONSORS VARIOUS READING AND EDUCATIONAL PROGRAMS FOR MEMBERS OF THE LOCAL COMMUNITY.

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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 $38,026

Program Service Revenue $0

Investment Income $26,249

Other Revenue $1,506

TOTAL REVENUE $65,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,516

Fundraising Expenses $0

Program Expenses $77,799

Other Expenses $36,558

TOTAL EXPENSES $85,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,781	$66,747	0.0%
Expenses	$85,074	$80,305	+0.1%
Net Income	$-19,293	$-13,558	+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

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
KATE STANLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
MELISSA SMITH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN MACDONALD	TREASURER	2.00	Officer Director	$0	$0	$0
JOE COCO	SECRETARY	2.00	Officer Director	$0	$0	$0
JULIE TAVARES	DIRECTOR	1.00	Director	$0	$0	$0
DANYELL WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN PETERS	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$65,781	$85,074	$406,094	$-19,293
2022	$66,747	$80,305	$406,928	$-13,558
2021	$90,191	$65,323	$484,341	$24,868
2020	$40,314	$56,760	$421,546	$-16,446