The Friends of the Westhampton Public Library Inc (EIN 043448869) - 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

1999

Legal Domicile

Principal Officer

Judith Wayne

Phone

4135393824

Tax Period

2024-01-01 to 2024-12-31

The Friends of the Westhampton Public Library Inc, founded in 1999, is a micro nonprofit in the Education sector that reported $26K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $30K exceeded revenue, resulting in a 13% operating deficit.

Mission

Support the Public Library of Westhampton MA

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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 $25,141

Program Service Revenue $0

Investment Income $1,200

Other Revenue $0

TOTAL REVENUE $26,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,759

Other Expenses $29,759

TOTAL EXPENSES $29,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,341	$31,523	-0.2%
Expenses	$29,759	$33,641	-0.1%
Net Income	$-3,418	$-2,118	+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

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	Role	Reportable Comp	Other Comp	Total
Anita Goddard	Director	Director	$0	$0	$0
Betty Ann Gould	Director	Director	$0	$0	$0
Jo Martin	President	Officer Director	$0	$0	$0
Andrea Pichette	Director	Director	$0	$0	$0
Morley Cleary	Director	Director	$0	$0	$0
Judith Wayne	Treasurer	Officer Director	$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	$26,341	$29,759	$53,137	$-3,418
2023	$31,523	$33,641	$56,555	$-2,118
2022	$21,959	$16,274	$59,071	$5,685
2021	$10,078	$8,234	$53,386	$1,844
2020	$10,129	$6,465	$51,542	$3,664
2019	$11,647	$9,498	$47,878	$2,149
2018	$11,629	$14,141	$45,729	$-2,512

The Friends of the Westhampton Public Library Inc