GOODRICH MEMORIAL LIBRARY INC (EIN 030184028) - 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

1993

Legal Domicile

Phone

8023347902

Tax Period

2024-01-01 to 2024-12-31

GOODRICH MEMORIAL LIBRARY INC, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $236K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $220K left a modest 7% surplus.

Mission

Operation of a public library to provide community access to books, magazines, periodicals, and to provide a public forum for historical and cultural activities and creating a community fueled by imagination, information and connection.

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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 $188,237

Program Service Revenue $0

Investment Income $44,389

Other Revenue $3,347

TOTAL REVENUE $235,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,520

Fundraising Expenses $0

Program Expenses $219,845

Other Expenses $89,325

TOTAL EXPENSES $219,845

Year-over-Year Comparison

	2024	2023	Change
Revenue	$235,973	$193,670	+0.2%
Expenses	$219,845	$213,883	+0.0%
Net Income	$16,128	$-20,213	-1.8%

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

$38,908

Total Directors

$38,908

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joanne Pariseau	Head Librarian	42.50	Officer Director	$38,908	$0	$38,908
James Johnson	Chairman	0.00	Officer Director	$0	$0	$0
Steven Edgerley	Treasurer	0.00	Officer Director	$0	$0	$0
Steve Mason	Director	0.00	Director	$0	$0	$0
Hannah Roberts	Director	0.00	Director	$0	$0	$0
Paul Monette	Director	0.00	Director	$0	$0	$0
Melissa Petterson	Secretary	0.00	Director	$0	$0	$0
Keith Richards	Director	0.00	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
2024	$235,973	$219,845	$2,301,874	$16,128
2023	$193,670	$213,883	$2,261,855	$-20,213
2022	$218,267	$221,389	$2,221,279	$-3,122
2021	$227,325	$159,759	$2,241,349	$67,566
2021	$224,952	$185,336	$2,193,984	$39,616
2020	$206,665	$137,885	$2,077,196	$68,780
2020	$208,704	$120,509	$2,096,611	$88,195
2020	$206,665	$137,885	$2,077,196	$68,780
2020	$206,665	$137,832	$2,077,196	$68,833
2020	$206,665	$137,885	$2,077,196	$68,780
2019	$215,164	$209,461	$2,008,299	$5,703
2019	$215,164	$209,461	$2,008,299	$5,703
2018	$246,597	$238,197	$2,005,416	$8,400

GOODRICH MEMORIAL LIBRARY INC