MORRISTOWN CENTENNIAL LIBRARY ASSOC (EIN 030179589) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1891

Legal Domicile

Principal Officer

STEPHANIE HOFFMAN

Phone

8028883853

Tax Period

2024-07-01 to 2025-06-30

MORRISTOWN CENTENNIAL LIBRARY ASSOC, founded in 1891, is a small nonprofit in the Education sector that reported $577K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $176K, a strong 31% operating margin.

Mission

MORRISTOWN CENTENNIAL LIBRARY ASSOCIATION PROVIDES A FREE PUBLIC LIBRARY FOR ALL RESIDENTS OF MORRISTOWN, VERMONT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $386,649

Program Service Revenue $4,126

Investment Income $153,115

Other Revenue $33,483

TOTAL REVENUE $577,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,696

Fundraising Expenses $26,890

Program Expenses $322,351

Other Expenses $128,558

TOTAL EXPENSES $401,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$577,373	$734,158	-0.2%
Expenses	$401,254	$328,239	+0.2%
Net Income	$176,119	$405,919	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
JULIE PICKETT	CHAIR	1.00	Officer	$0	$0	$0
STEPHANIE HOFFMAN	TREASURER	1.00	Officer	$0	$0	$0
LUCAS PETERSON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN BUTTOLPH	TRUSTEE	1.00	Director	$0	$0	$0
JOHNNA COTE	TRUSTEE	1.00	Director	$0	$0	$0
NATHANIEL BEYER	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL DUFFY	TRUSTEE	1.00	Director	$0	$0	$0
KATE LAMB	SECRETARY	1.00	Officer	$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	$577,373	$401,254	$2,303,245	$176,119
2024	$734,158	$328,239	$2,027,334	$405,919
2023	$306,964	$333,612	$1,556,530	$-26,648
2022	$373,894	$339,082	$1,546,194	$34,812
2021	$539,417	$290,778	$1,825,309	$248,639
2020	$248,590	$326,066	$1,344,206	$-77,476
2019	$376,306	$288,119	$1,727,016	$88,187
2018	$302,935	$284,397	$1,996,805	$18,538

MORRISTOWN CENTENNIAL LIBRARY ASSOC