WEST RUTLAND FREE LIBRARY CORP (EIN 030193086) - 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

1928

Legal Domicile

Principal Officer

PAUL KULIG

Phone

8024382964

Tax Period

2023-01-01 to 2023-12-31

WEST RUTLAND FREE LIBRARY CORP, founded in 1928, is a micro nonprofit that reported $89K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $952K represent 129 months of operating reserves.

Mission

PUBLIC LIBRARY SERVING THE COMMUNITY OF WEST RUTLAND, VERMONT.

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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 $71,009

Program Service Revenue $0

Investment Income $7,480

Other Revenue $10,159

TOTAL REVENUE $88,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,540

Fundraising Expenses $0

Program Expenses $75,765

Other Expenses $36,796

TOTAL EXPENSES $96,336

Year-over-Year Comparison

	2023	2022	Change
Revenue	$88,648	$79,067	+0.1%
Expenses	$96,336	$89,287	+0.1%
Net Income	$-7,688	$-10,220	-0.2%

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

$29,842

Total Directors

$5,444

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA J KULIG	TRUSTEE/TREASURER	8.00	Officer Director	$5,444	$0	$5,444
PAUL S KULIG	TRUSTEE/PRESIDENT	1.00	Officer Director	$0	$0	$0
SHELLY WILLIAMS	TRUSTEE/VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
LOREEN M EDDY	TRUSTEE/SECRETARY	1.00	Director	$0	$0	$0
CHESTER BROWN JR	TRUSTEE (FROM MAR '23)	1.00	Director	$0	$0	$0
ANDREA D'AMICO	TRUSTEE (FROM JAN '23)	1.00	Director	$0	$0	$0
MARILYN LUCEY	TRUSTEE (TO FEB '23)	1.00	Director	$0	$0	$0
RENE MEYER	LIBRARY DIRECTOR	30.00	Officer	$24,398	$0	$24,398

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	No data	No data	No data	No data
2023	$88,648	$96,336	$951,859	$-7,688
2022	$79,067	$89,287	$929,423	$-10,220
2021	$84,484	$87,703	$968,494	$-3,219
2020	$83,510	$70,439	$903,053	$13,071

WEST RUTLAND FREE LIBRARY CORP