CONCORD FREE PUBLIC LIBRARY CORPORATION (EIN 042121328) - 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

1873

Legal Domicile

Principal Officer

PAMELA M GANNON

Phone

9783183300

Tax Period

2024-07-01 to 2025-06-30

CONCORD FREE PUBLIC LIBRARY CORPORATION, founded in 1873, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $36.7M represent 210 months of operating reserves.

Mission

TO OWN AND MAINTAIN PUBLIC LIBRARY BUILDINGS IN CONCORD, MASSACHUSETTS; OWN AND MAINTAIN SPECIAL COLLECTIONS OF THE CONCORD FREE PUBLIC LIBRARY; MISCELLANEOUS OTHER SUPPORT SERVICES FOR THE CONCORD FREE PUBLIC LIBRARY.

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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 $581,388

Program Service Revenue $17,056

Investment Income $1,499,223

Other Revenue $0

TOTAL REVENUE $2,097,667

Expense Breakdown

Grants Paid $55,000

Salaries & Benefits $223,497

Fundraising Expenses $206,162

Program Expenses $1,575,164

Other Expenses $1,762,801

TOTAL EXPENSES $2,041,298

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,097,667	$1,846,255	+0.1%
Expenses	$2,041,298	$1,599,916	+0.3%
Net Income	$56,369	$246,339	-0.8%

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

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
SHERRY F LITWACK	PRESIDENT	20.00	Officer Director	$0	$0	$0
PAMELA M GANNON	VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
RICHARD D BRIGGS JR	TREASURER	15.00	Officer Director	$0	$0	$0
THEODORE F HANSELMAN	CLERK	15.00	Officer Director	$0	$0	$0
JEFFREY W ADAMS	TRUSTEE	15.00	Director	$0	$0	$0
JOHN W BOYNTON IV	TRUSTEE	10.00	Director	$0	$0	$0
YUMI YASUTAKE	TRUSTEE	10.00	Director	$0	$0	$0
ELISE WOODWARD	TRUSTEE	10.00	Director	$0	$0	$0
LAWRENCE CONSTABLE	TRUSTEE (SINCE NOV '24)	10.00	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	$2,097,667	$2,041,298	$36,800,651	$56,369
2024	No data	No data	No data	No data
2023	$1,682,243	$1,695,857	$33,845,959	$-13,614
2022	$3,420,979	$1,363,273	$34,061,595	$2,057,706
2021	$1,748,357	$1,296,525	$35,599,002	$451,832
2020	$1,720,615	$1,270,128	$31,640,962	$450,487
2019	$4,602,913	$1,273,985	$30,599,192	$3,328,928
2018	$2,970,875	$1,194,920	$27,356,153	$1,775,955

CONCORD FREE PUBLIC LIBRARY CORPORATION