FRIENDS OF THE MILLIS LIBRARY

EIN: 043268133 501(c)(3) Education

Millis, MA

Total Revenue
$22,410
Total Expenses
$22,164
Total Assets
$20,182
Net Assets
$20,182
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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
1983
Legal Domicile
MA
Principal Officer
Meghan B Gavaghan
Phone
5083768282
Tax Period
2024-09-01 to 2025-08-31

FRIENDS OF THE MILLIS LIBRARY, founded in 1983, is a micro nonprofit in the Education sector that reported $22K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

Extend and support services of the Millis Public 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,410
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $22,410

Expense Breakdown

Grants Paid $14,717
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,164
Other Expenses $7,447
TOTAL EXPENSES $22,164

Year-over-Year Comparison

2024 2023 Change
Revenue $22,410 $19,963 +0.1%
Expenses $22,164 $20,672 +0.1%
Net Income $246 $-709 -1.3%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
50

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Meghan Gavaghan Treasurer 4
Officer
$0 $0 $0
Arthur Payne Vice President 2
Officer
$0 $0 $0
Sandra Elaine Scott President 4
Officer
$0 $0 $0
Julie Ackley Recording Secretary 1
Officer
$0 $0 $0
Jane Hardin Corresponding Secretary 1
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 $22,410 $22,164 $20,182 $246
2024 $19,963 $20,672 $19,936 $-709
2023 $23,115 $15,377 $20,645 $7,738
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