Friends of the Wareham Free Library Inc

EIN: 042585869 501(c)(3)

Wareham, MA

Total Revenue
$55,244
Total Expenses
$50,026
Total Assets
$108,089
Net Assets
$105,272
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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
1976
Legal Domicile
MA
Principal Officer
Priscilla A Porter
Phone
5082952134
Tax Period
2024-05-01 to 2025-04-30

Friends of the Wareham Free Library Inc, founded in 1976, is a micro nonprofit that reported $55K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $50K left a modest 9% surplus.

Mission

To support Warehams 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $32,378
Program Service Revenue $0
Investment Income $0
Other Revenue $22,866
TOTAL REVENUE $55,244

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,092
Program Expenses $24,997
Other Expenses $50,026
TOTAL EXPENSES $50,026

Year-over-Year Comparison

2024 2023 Change
Revenue $55,244 $42,035 +0.3%
Expenses $50,026 $38,993 +0.3%
Net Income $5,218 $3,042 +0.7%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Priscilla Porter President 5.00
Director
$0 $0 $0
Linda Scharf Teasurer 1.00
Director
$0 $0 $0
Nancy Cushman Rice Secretary 1.00
Director
$0 $0 $0
Sandra Wheeler Director 1.00
Director
$0 $0 $0
Sharon Frank Director 1.00
Director
$0 $0 $0
Rosemary Carter Director 1.00
Director
$0 $0 $0
Jovina Dean Director 1.00
Director
$0 $0 $0
Kerry Mello Director 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 $55,244 $50,026 $108,089 $5,218
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