MEMORIAL LIBRARY ASSOCIATION INC O… - Form 990 Financial Data

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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

1923

Legal Domicile

Principal Officer

LAWRENCE SYMINGTON

Phone

5083852255

Tax Period

2023-07-01 to 2024-06-30

MEMORIAL LIBRARY ASSOCIATION INC OF DENNIS, founded in 1923, is a small nonprofit that reported $188K in total revenue in fiscal year 2023. Net assets of $1.4M represent 91 months of operating reserves.

Mission

FREE PUBLIC LIBRARY SERVICES TO TOWN OF DENNIS MASSACHUSETTS

Program Service Accomplishments

Program 1

Expenses: $185,306 Revenue: $4,786

PROVIDING FREE PUBLIC LIBRARY SERVICES TO THE RESIDENTS OF DENNIS MA. AND ALL OTHERS WHO REGISTER, REGARDLESS OF RESIDENCE

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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 $159,872

Program Service Revenue $4,786

Investment Income $12,891

Other Revenue $10,716

TOTAL REVENUE $188,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,599

Fundraising Expenses $1,206

Program Expenses $185,306

Other Expenses $124,041

TOTAL EXPENSES $187,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$188,265	$181,321	+0.0%
Expenses	$187,640	$181,219	+0.0%
Net Income	$625	$102	+5.1%

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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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

$47,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN WALLIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
NANCY SYMINGTON	LIBRARIAN	40.00	Director	$47,040	$0	$47,040
MARY C TALBOTT	SECRETARY	2.00	Officer Director	$0	$0	$0
LAWRENCE E SYMINGTON	TREASURER	10.00	Officer Director	$0	$0	$0
DAVID TALBOTT	PRESIDENT	10.00	Officer Director	$0	$0	$0
SUSAN SCHOFIELD	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN MAKOWSKI	TRUSTEE	2.00	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	No data	No data	No data	No data
2024	$188,265	$187,640	$1,427,820	$625
2023	$181,321	$181,219	$1,428,451	$102
2022	$151,334	$172,695	$1,435,889	$-21,361
2021	$140,949	$159,818	$1,457,374	$-18,869
2020	$154,448	$167,438	$1,460,059	$-12,990

MEMORIAL LIBRARY ASSOCIATION INC OF DENNIS