Gleason Public Library Endowment

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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

Principal Officer

Karen Gettings

Phone

9783694898

Tax Period

2024-03-01 to 2025-02-28

Gleason Public Library Endowment is a small nonprofit that reported $375K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $365K, a strong 97% operating margin.

Mission

Philanthropic support of the Gleason Public Library through the use of funds from gifts received and investment income.

Program Service Accomplishments

Program 1

Expenses: $4,997

Philanthropic support of the Gleason Public Library through the use of funds from gifts received and investment income.

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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 $321,409

Program Service Revenue $0

Investment Income $39,464

Other Revenue $14,323

TOTAL REVENUE $375,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,997

Other Expenses $10,455

TOTAL EXPENSES $10,455

Year-over-Year Comparison

	2024	2023	Change
Revenue	$375,196	$338,286	+0.1%
Expenses	$10,455	$19,244	-0.5%
Net Income	$364,741	$319,042	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$124,406

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martha Feeney-Patten	Secretary	1.00	Director	$0	$29,830	$124,406
Karen Gettings	Treasurer	1.00	Director	$0	$0	$0
Christine Stevens	Trustee	1.00	Director	$0	$0	$0
Kaitlin Waterson	Chairwoman	1.00	Director	$0	$0	$0
Annie Luttmann	Trustee	1.00	Director	$0	$0	$0
Christine Lear	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
2026	No data	No data	No data	No data
2025	$375,196	$10,455	$1,010,714	$364,741
2024	$338,286	$19,244	$641,286	$319,042
2023	$9,093	$10,827	$313,575	$-1,734
2022	$54,784	$4,572	$322,611	$50,212