RUTLAND FREE LIBRARY ASSOCIATION INC (EIN 030181060) - 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

1952

Legal Domicile

Principal Officer

RANDAL SMATHERS

Phone

8027731860

Tax Period

2024-07-01 to 2025-06-30

RUTLAND FREE LIBRARY ASSOCIATION INC, founded in 1952, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION PROVIDES PUBLIC LIBRARY SERVICES IN RUTLAND, VT. ITS MISSION IS TO BRING PEOPLE, INFORMATION, AND IDEAS TOGETHER TO ENRICH LIVES AND TO BUILD A VIBRANT, STRONG 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 (2024)

Revenue Breakdown

Contributions & Grants $1,074,499

Program Service Revenue $16,435

Investment Income $258,028

Other Revenue $0

TOTAL REVENUE $1,348,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,000,308

Fundraising Expenses $40,324

Program Expenses $1,173,580

Other Expenses $535,141

TOTAL EXPENSES $1,535,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,348,962	$1,158,316	+0.2%
Expenses	$1,535,449	$1,364,074	+0.1%
Net Income	$-186,487	$-205,758	-0.1%

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
CLARE COPPOCK	PRESIDENT	4.00	Officer Director	$0	$0	$0
MATT OLEWNIK	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JOANNE PENCAK	TREASURER	4.00	Officer Director	$0	$0	$0
ALLYN KAHLE	SECRETARY	4.00	Officer Director	$0	$0	$0
ANN BANNISTER	TRUSTEE	1.00	Director	$0	$0	$0
GABI BOURASSA	TRUSTEE	1.00	Director	$0	$0	$0
JOE BERTELLONI	TRUSTEE	1.00	Director	$0	$0	$0
LEONARD DELORENZO	TRUSTEE	1.00	Director	$0	$0	$0
CATHY SOLSAA	TRUSTEE	1.00	Director	$0	$0	$0
RUSSELL GLITMAN	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN KLAMM	TRUSTEE	1.00	Director	$0	$0	$0
CAROLYN MEUB	TRUSTEE	1.00	Director	$0	$0	$0
CATHY REYNOLDS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SKINNER	TRUSTEE	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	$1,348,962	$1,535,449	$7,022,929	$-186,487
2024	$1,158,316	$1,364,074	$6,849,867	$-205,758
2023	$1,058,350	$1,252,817	$6,545,749	$-194,467
2022	$1,039,637	$1,219,774	$6,355,480	$-180,137
2021	$2,118,619	$1,104,436	$7,302,869	$1,014,183
2020	$1,362,113	$1,135,869	$6,279,407	$226,244
2019	$1,289,777	$1,141,597	$6,039,681	$148,180

RUTLAND FREE LIBRARY ASSOCIATION INC