ASSOCIATES OF BOSTON PUBLIC LIBRARY INC (EIN 042900822) - 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

1972

Legal Domicile

Principal Officer

WENDY BALLINGER

Phone

6175363886

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATES OF BOSTON PUBLIC LIBRARY INC, founded in 1972, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Net assets of $11.8M represent 82 months of operating reserves.

Mission

THE ASSOCIATES OF THE BOSTON PUBLIC LIBRARY IS AN INDEPENDENT NONPROFIT DEDICATED TO PRESERVING AND PROMOTING THE HISTORIC, LITERARY, AND ARTISTIC TREASURES OF THE BOSTON PUBLIC LIBRARY THROUGH TARGETED GRANTMAKING AND CULTURAL EVENTS. BY EXPANDING ACCESS TO THESE COLLECTIONS, THE ASSOCIATES ENSURES THAT PRESENT AND FUTURE GENERATIONS, IN BOSTON AND BEYOND, CONTINUE TO BE INFORMED AND INSPIRED.

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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 $640,277

Program Service Revenue $0

Investment Income $918,480

Other Revenue $175,013

TOTAL REVENUE $1,733,770

Expense Breakdown

Grants Paid $1,144,809

Salaries & Benefits $347,437

Fundraising Expenses $0

Program Expenses $1,216,521

Other Expenses $324,452

TOTAL EXPENSES $1,816,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,733,770	$3,280,419	-0.5%
Expenses	$1,816,698	$1,562,378	+0.2%
Net Income	$-82,928	$1,718,041	-1.0%

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
ALYCE J LEE	CHAIR	5.00	Officer Director	$0	$0	$0
CF STONE III	TREASURER	2.00	Officer Director	$0	$0	$0
SHARON C LINCOLN	CLERK	2.00	Officer Director	$0	$0	$0
JOSEPH S BERMAN	DIRECTOR	2.00	Officer Director	$0	$0	$0
TOM CAHILL	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY CASHMAN	DIRECTOR	1.00	Director	$0	$0	$0
LORIE CONWAY	DIRECTOR	1.00	Director	$0	$0	$0
LORI HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
PETER DRUMMEY	DIRECTOR	1.00	Director	$0	$0	$0
DANA J COHEN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH FINDER	DIRECTOR	2.00	Director	$0	$0	$0
EMILY D GRISET	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE LEMLE	DIRECTOR	1.00	Director	$0	$0	$0
ANITA C LINCOLN	DIRECTOR	1.00	Director	$0	$0	$0
USHA PASI	VICE CHAIR	5.00	Officer Director	$0	$0	$0
LISA PIERPONT	DIRECTOR	1.00	Director	$0	$0	$0
CAROLE SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
LINDA R WELD	DIRECTOR	1.00	Director	$0	$0	$0
N/A	EX-OFFICI0	1.00		$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	$1,733,770	$1,816,698	$11,921,335	$-82,928
2024	No data	No data	No data	No data
2023	$1,818,063	$1,606,622	$9,298,732	$211,441
2022	$1,868,065	$1,415,212	$8,840,348	$452,853
2021	$1,938,730	$1,375,413	$9,789,443	$563,317
2020	$939,167	$966,578	$8,007,366	$-27,411
2019	$1,205,096	$852,075	$7,626,351	$353,021
2018	$2,019,812	$811,002	$6,881,693	$1,208,810

ASSOCIATES OF BOSTON PUBLIC LIBRARY INC