MERRIMACK VALLEY LIBRARY CONSORTIUM INC (EIN 042900971) - 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

1989

Legal Domicile

Principal Officer

SARAH MOSER

Phone

9785571050

Tax Period

2023-07-01 to 2024-06-30

MERRIMACK VALLEY LIBRARY CONSORTIUM INC, founded in 1989, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023.

Mission

THE MERRIMACK VALLEY LIBRARY CONSORTIUM, INC. (MVLC) PROVIDES QUALITY LIBRARY SUPPORT SERVICES TO MEMBER LIBRARIES VIA INNOVATIVE TECHNOLOGY, EXTENSIVE RESOURCE SHARING AND PROFESSIONAL COLLABORATION AND COMMUNICATION. MVLC FURNISHES THE TECHNOLOGICAL FOUNDATION FOR MEMBERS' DAILY SERVICES TO USERS, LINKING AND SUPPORTING LIRBARIES VIA SHARED RESOURCES, TECHNOLOGICAL INNOVATIONS AND COLLABORATIVE SERVICES VENTURES.

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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 $567,283

Program Service Revenue $1,386,136

Investment Income $21,161

Other Revenue $443,071

TOTAL REVENUE $2,417,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,108,050

Fundraising Expenses $0

Program Expenses $2,216,154

Other Expenses $1,332,063

TOTAL EXPENSES $2,440,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,417,651	$2,282,428	+0.1%
Expenses	$2,440,113	$2,292,657	+0.1%
Net Income	$-22,462	$-10,229	+1.2%

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

N/A

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

$139,996

Total Directors

$139,996

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA DITULLIO	EXECUTIVE DIRECTOR	40.00	Officer Director	$139,996	$0	$139,996
SHARON KELLEHER	MEMBER AT LARGE	2.00	Director	$0	$0	$0
ELLEN RAINVILLE	MEMBER AT LARGE	2.00	Director	$0	$0	$0
SARAH COGNATA	CLERK	2.00	Director	$0	$0	$0
MICHAEL WICK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BARBARA MCNAMARA	PAST PRESIDENT	2.00	Director	$0	$0	$0
SARAH MOSER	PRESIDENT	2.00	Officer Director	$0	$0	$0
KIM BUTLER	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
CORINN FLAHERTY	DIRECTOR	1.00	Director	$0	$0	$0
AIMIE WESTPAHL	DIRECTOR	1.00	Director	$0	$0	$0
JOE ST GERMAIN	MEMBER AT LARGE	1.00	Director	$0	$0	$0
KEVIN BOURQUE	MEMBER AT LARGE	1.00	Director	$0	$0	$0
ERIN THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA FEENEY-PATTEN	TREASURER	1.00	Officer Director	$0	$0	$0
BECKY HERMANN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE MUIR	DIRECTOR	1.00	Director	$0	$0	$0
MARY BETH PALLIS	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE FRENCH	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA ABRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
DARCY LEPORE	DIRECTOR	1.00	Director	$0	$0	$0
NORA BLAKE	DIRECTOR	1.00	Director	$0	$0	$0
JANELLE ABREAU	DIRECTOR	1.00	Director	$0	$0	$0
DORY LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
SARA COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
KELLY UNSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA MCLEOD	DIRECTOR	1.00	Director	$0	$0	$0
LORETTA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
GISELLE STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN KEENEN	DIRECTOR	1.00	Director	$0	$0	$0
CINDY GROVE	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA JACOBSON	CLERK	1.00	Officer Director	$0	$0	$0
TERRY KYRIOS	DIRECTOR	1.00	Director	$0	$0	$0
DIANE GIARUSSO	DIRECTOR	1.00	Director	$0	$0	$0
DAN TREMBLAY	DIRECTOR	1.00	Director	$0	$0	$0
KATHY GROWNEY	MEMBER AT LARGE	1.00	Director	$0	$0	$0
CHRISTINA STEWART	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	No data	No data	No data	No data
2024	$2,417,651	$2,440,113	$1,081,680	$-22,462
2023	$2,282,428	$2,292,657	$1,189,361	$-10,229
2022	$2,531,780	$2,114,269	$1,062,073	$417,511
2021	$2,065,731	$1,974,267	$988,271	$91,464

MERRIMACK VALLEY LIBRARY CONSORTIUM INC