FRIENDS OF DAVID&JOYCE MILNE PUBLIC LIBRARY (EIN 043040565) - 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

ELIZABETH WHITNEY

Phone

4134585369

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF DAVID&JOYCE MILNE PUBLIC LIBRARY, founded in 1989, is a small nonprofit that reported $172K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $149K left a modest 14% surplus.

Mission

RAISING PUBLIC AWARENESS OF AND ADVOCATING FOR LIBRARY RESOURCES AND NEEDS.

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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 $34,497

Program Service Revenue $0

Investment Income $28,438

Other Revenue $109,453

TOTAL REVENUE $172,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,855

Other Expenses $148,591

TOTAL EXPENSES $148,591

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,388	$147,505	+0.2%
Expenses	$148,591	$93,090	+0.6%
Net Income	$23,797	$54,415	-0.6%

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
PAMELA ART	BOARD MEMBER	12.00	Officer	$0	$0	$0
JENNIFER BAYLISS	BOARD MEMBER	6.00	Officer	$0	$0	$0
ELIZABETH ST CLAIR	BOARD MEMBER	6.00	Officer	$0	$0	$0
CRAIG CLEMOW	BOARD MEMBER	4.00	Officer	$0	$0	$0
LISA HILEY	BOARD MEMBER	6.00	Officer	$0	$0	$0
RAYMOND HILEY	TREASURER	6.00	Officer	$0	$0	$0
ANNE ISLAN	BOARD MEMBER	40.00	Officer	$0	$0	$0
SUSAN PIKE	ADVISOR	30.00	Officer	$0	$0	$0
GWEN STEEGE	SECRETARY	4.00	Officer	$0	$0	$0
MICHAEL SUSSMAN	BOARD MEMBER	5.00	Officer	$0	$0	$0
ELIZABETH WHITNEY	PRESIDENT	12.00	Officer	$0	$0	$0
STEPHEN WINKLER	VICE PRESIDE	20.00	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
2024	$172,388	$148,591	$587,782	$23,797
2023	$147,505	$93,090	$564,631	$54,415
2022	$316,844	$66,990	$498,935	$249,854

FRIENDS OF DAVID&JOYCE MILNE PUBLIC LIBRARY