MILTON LIBRARY FOUNDATION INC

EIN: 043614024 501(c)(3) Education

MILTON, MA

Total Revenue
$212,101
Total Expenses
$62,907
Total Assets
$1,992,487
Net Assets
$1,976,895
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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
MA
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.

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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 (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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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