MILTON LIBRARY FOUNDATION INC

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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

2002

Legal Domicile

Principal Officer

PAUL HAYS

Phone

6176985757

Tax Period

2023-07-01 to 2024-06-30

MILTON LIBRARY FOUNDATION INC, founded in 2002, is a small nonprofit in the Education sector that reported $212K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 70% operating margin.

Mission

MAINTAIN AND SUPPORT THE PUBLIC LIBRARY IN THE TOWN OF MILTON, MA.

Program Service Accomplishments

Program 1

Expenses: $34,832

GRANTS FOR THE MAINTENANCE OF BUILDINGS IN THE PUBLIC LIBRARY SYSTEM IN THE TOWN OF MILTON, MA, AS WELL AS TO PROVIDE BOOKS, MATERIALS, SERVICES, AND OTHER PROGRAMS WITHIN THE LIBRARY SYSTEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $71,711

Program Service Revenue $0

Investment Income $140,390

Other Revenue $0

TOTAL REVENUE $212,101

Expense Breakdown

Grants Paid $13,436

Salaries & Benefits $0

Fundraising Expenses $780

Program Expenses $34,832

Other Expenses $49,471

TOTAL EXPENSES $62,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,101	$124,229	+0.7%
Expenses	$62,907	$94,635	-0.3%
Net Income	$149,194	$29,594	+4.0%

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
PAUL HAYS	PRESIDENT	3.00	Officer Director	$0	$0	$0
RAYMOND CZWAKIEL	TREASURER	2.00	Officer Director	$0	$0	$0
JANICE PARR	SECRETARY	2.00	Officer	$0	$0	$0
KATHLEEN O'DONNELL	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$212,101	$62,907	$1,992,487	$149,194
2023	$124,229	$94,635	$1,796,518	$29,594
2022	$440,288	$97,016	$1,700,129	$343,272
2021	$246,696	$139,300	$1,914,482	$107,396
2019	$256,874	$154,585	$1,578,851	$102,289
2018	$231,725	$182,506	$1,280,758	$49,219