MASSACHUSETTS LIBRARY SYSTEM INC (EIN 043387698) - 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

1997

Legal Domicile

Principal Officer

ALYSON MALIK

Phone

5083572121

Tax Period

2024-07-01 to 2025-06-30

MASSACHUSETTS LIBRARY SYSTEM INC, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $15.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.7M, a strong 17% operating margin.

Mission

TO PROVIDE SUPPORT AND MATERIALS TO REGIONAL LIBRARIES AND PROVIDE SUPPORT AND PROMOTION TO LIBRARY PROGRAMS, SERVING ALL LIBRARY PATRONS IN THE MASSACHUSETTS AREA.

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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 $14,150,000

Program Service Revenue $882,833

Investment Income $207,166

Other Revenue $94,762

TOTAL REVENUE $15,334,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,770,390

Fundraising Expenses $0

Program Expenses $11,793,090

Other Expenses $9,885,143

TOTAL EXPENSES $12,655,533

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,334,761	$13,947,906	+0.1%
Expenses	$12,655,533	$12,703,852	0.0%
Net Income	$2,679,228	$1,244,054	+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

$152,745

Total Directors

$152,745

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH SOGIGIAN	EXECUTIVE DIRECTOR	40.00	Officer Director	$136,462	$16,283	$152,745
HOPE HOUSTON	PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
SHANNON COMPTON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ALLYSON MALIK	PRESIDENT	0.50	Officer Director	$0	$0	$0
CLAYTON CHEEVER	DIRECTOR	0.50	Director	$0	$0	$0
NICOLE DAVIAU	DIRECTOR	0.50	Director	$0	$0	$0
SARAH JACKSON	EX-OFFICIO	0.50	Director	$0	$0	$0
ROBERT DEFABRIZIO	DIRECTOR	0.50	Director	$0	$0	$0
MAUREEN AMYOT	EX-OFFICIO	0.50	Director	$0	$0	$0
MATT BEJUNE	DIRECTOR	0.50	Director	$0	$0	$0
MEGAN BROOKS	DIRECTOR	0.50	Director	$0	$0	$0
LISA DOWNING	DIRECTOR	0.50	Director	$0	$0	$0
KATE GOMES	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS RAFFENSPERGER	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA DOMINIQUE-PIERRE	TREASURER	0.50	Officer Director	$0	$0	$0
MARIA PALACIO	DIRECTOR	0.50	Director	$0	$0	$0
CLAUDIA PALFRAMAN	DIRECTOR	0.50	Director	$0	$0	$0
MIKI WOLFE	CLERK	0.50	Officer Director	$0	$0	$0
SCOTT KEHOE	LIBRARY RESOURCES DIRECTOR	40.00	Highest	$103,901	$22,405	$126,306
ELIZABETH MEADEN	BUSINESS/HR DIRECTOR	40.00	Highest	$110,847	$16,376	$127,223
TERENCE MCQUOWN	CONSULTING AND TRAINING DI	40.00	Highest	$105,868	$21,269	$127,137

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	$15,334,761	$12,655,533	$11,366,833	$2,679,228
2024	$13,947,906	$12,703,852	$8,922,768	$1,244,054
2023	$12,470,405	$12,919,016	$7,826,078	$-448,611
2022	$11,793,761	$10,823,353	$7,404,141	$970,408
2021	$10,392,045	$9,085,613	$6,434,089	$1,306,432
2020	$9,641,285	$8,288,110	$5,141,979	$1,353,175
2019	$8,708,890	$8,270,456	$3,800,936	$438,434
2018	$8,450,815	$8,287,579	$3,516,186	$163,236

MASSACHUSETTS LIBRARY SYSTEM INC