GREENSBORO FREE LIBRARY

EIN: 030319989 501(c)(3)

GREENSBORO, VT

Total Revenue
$185,579
Total Expenses
$158,107
Total Assets
$1,274,757
Net Assets
$1,265,527
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
VT
Principal Officer
JENNIFER LUCAS
Phone
8025332531
Tax Period
2025-01-01 to 2025-12-31

GREENSBORO FREE LIBRARY, founded in 1989, is a small nonprofit that reported $186K in total revenue in fiscal year 2025. Expenses of $158K left a modest 15% surplus.

Mission

WE ARE A FREE LIBRARY SERVING GREENSBORO AND STANNARD, SMALL RURAL COMMUNITIES IN NORTHERN VERMONT. WE MAKE PRINT BOOKS, AUDIO BOOKS, MUSIC, AND VIDEOS AVAILABLE ON LOAN OR FOR USE AT THE LIBRARY. AS A COMMUNITY CENTER, THE LIBRARY OFFERS COMPUTERS, INTERNET ACCESS AND MEETING SPACE.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $142,416
Program Service Revenue $0
Investment Income $39,335
Other Revenue $3,828
TOTAL REVENUE $185,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,211
Fundraising Expenses $14,015
Program Expenses $123,522
Other Expenses $77,896
TOTAL EXPENSES $158,107

Year-over-Year Comparison

2025 2024 Change
Revenue $185,579 $185,760 0.0%
Expenses $158,107 $155,554 +0.0%
Net Income $27,472 $30,206 -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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Governance

Voting Members
6
Independent Members
6
Employees
7
Volunteers
8

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
5
$3,586
Total Directors
11
$1,444
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL REYNOLDS SECRETARY, T 1.00
Officer Director
$0 $0 $0
JENNIFER LUCAS TREASURER & 10.00
Officer Director
$0 $0 $0
BRENDAN BEER ALTERNATE TR 1.00
Director
$0 $0 $0
BETHANNE MEACHEM FORMER TRUST 2.00
Director
$1,444 $0 $1,444
FAN WATKINSON TRUSTEE, SEC 1.00
Officer Director
$0 $0 $0
JOHN MILLER ALTERNATE TR 1.00
Director
$0 $0 $0
SHARON PUTNEY FORMER TRUST 1.00
Director
$0 $0 $0
SHELLY JUNGWIRTH TRUSTEE, CHA 1.00
Officer Director
$0 $0 $0
PAULA DAVIDSON LIBRARY DIRE 3.00
Officer
$3,586 $0 $3,586
GALEN FISHER TRUSTEE 1.00
Director
$0 $0 $0
VALERIE CARTER TRUSTEE 1.00
Director
$0 $0 $0
JAN TERWIESCH 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 $185,579 $158,107 $1,274,757 $27,472
2024 $185,760 $155,554 $1,166,982 $30,206
2023 $185,255 $150,226 $1,112,339 $35,029
2022 $137,398 $134,512 $1,014,740 $2,886
2021 $169,210 $127,831 $1,133,242 $41,379
2020 $118,213 $105,734 $1,074,639 $12,479
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