Friends of Middleboro Library (EIN 042914498) - 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

1988

Legal Domicile

Principal Officer

Anthony Freitas

Phone

5089462470

Tax Period

2023-07-01 to 2024-06-30

Friends of Middleboro Library, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $531K in total revenue in fiscal year 2023. Revenue surged 1191% from the prior year, signaling strong growth momentum. The organization ran a surplus of $477K, a strong 90% operating margin.

Mission

TO PROVIDE FUNDING FOR SUPPLEMENTAL PROGRAMS,EQUIPMENT, AND SERVICES FOR THE MIDDLEBORO 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $530,025

Program Service Revenue $0

Investment Income $1,386

Other Revenue $0

TOTAL REVENUE $531,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,934

Other Expenses $53,316

TOTAL EXPENSES $53,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$531,411	$41,173	+11.9%
Expenses	$53,916	$38,026	+0.4%
Net Income	$477,495	$3,147	+150.7%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN EVERS	PRESIDENT	5.00	Officer	$0	$0	$0
DIANE FAY	SECRETARY	5.00	Officer	$0	$0	$0
ANTHONY FREITAS	TREASURER	5.00	Officer	$0	$0	$0
PAULA FAY	VICE PRESIDENT	5.00	Officer	$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	$531,411	$53,916	$1,056,450	$477,495
2023	$41,173	$38,026	$588,308	$3,147
2022	$16,046	$21,593	$573,926	$-5,547
2021	$3,345	$12,646	$604,173	$-9,301

Friends of Middleboro Library