Friends of the Wardsboro Library

🔒

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

1999

Legal Domicile

Principal Officer

PAUL SPECTOR

Phone

8028966988

Tax Period

2021-01-01 to 2021-12-31

Friends of the Wardsboro Library, founded in 1999, is a micro nonprofit in the Education sector that reported $34K in total revenue in fiscal year 2021. The organization ran a surplus of $12K, a strong 35% operating margin.

Mission

To provide and maintain, as landlord, the building and grounds housing Wardsboro Public Library

Program Service Accomplishments

Program 1

Expenses: $13,420

These are the costs of maintaining, as landlord, the building and grounds housing the Wardsboro Public Library, including heat/light/power,insurance,office expenses and accounting.

🔒

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 (2021)

Revenue Breakdown

Contributions & Grants $22,564

Program Service Revenue $0

Investment Income $6,600

Other Revenue $5,156

TOTAL REVENUE $34,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,420

Other Expenses $22,415

TOTAL EXPENSES $22,415

Year-over-Year Comparison

	2021	2020	Change
Revenue	$34,320	$34,816	0.0%
Expenses	$22,415	$23,905	-0.1%
Net Income	$11,905	$10,911	+0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA FERNANDES	Vice President	4.000	Officer	$0	$0	$0
CHRISTY FOOTE-SMITH	Treasurer	8.000	Officer Director	$0	$0	$0
ELIZABETH SPECTOR	Secretary	4.000	Officer	$0	$0	$0
MICHAEL COONEY	Director	8.000	Director	$0	$0	$0
NANCY FERRUCCI	Director	4.000	Director	$0	$0	$0
SALLY WADSWORTH	Director	N/A	Director	$0	$0	$0
LINDA GIFKINS	Director	10.00	Director	$0	$0	$0
GERALD CLOUTIER	Director	4.000	Director	$0	$0	$0
CRIS TARNAY	Director	2.000	Director	$0	$0	$0
KATHRYN HOLZMAN	Director	2.000	Director	$0	$0	$0
PAUL SPECTOR	President	10.00	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
2021	$34,320	$22,415	$409,671	$11,905
2020	$34,816	$23,905	$385,427	$10,911