Friends of Middleboro Library

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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

Program Service Accomplishments

Program 1

Expenses: $19,289 Revenue: $0

PROGRAMS WERE PROVIDED FOR BOTH ADULTS AND CHILDREN SCHOLARSHIP PROGRAMS

Program 2

Expenses: $3,645 Revenue: $0

PASSES THAT PROVIDED FREE OR REDUCED ADMISSION TO MUSEUMS AND PARKS WERE PURCHASED FOR USE BY LIBRARY PATRONS

Program 3

Expenses: $0 Revenue: $0

UTILLITIES, REPAIRS, MISC OTHEROPERATING ITEMS FOR THE ORGANIZATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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