RICHARD SALTER STORRS LIBRARY INC (EIN 046035288) - 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

1908

Legal Domicile

Principal Officer

DOUGLAS TAYLOR

Phone

4135654181

Tax Period

2024-07-01 to 2025-06-30

RICHARD SALTER STORRS LIBRARY INC, founded in 1908, is a small nonprofit that reported $257K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $55K, a strong 21% operating margin.

Mission

THE PRIMARY EXEMPT PURPOSE IS TO MAINTAIN A FREE PUBLIC LIBRARY IN LONGMEADOW, 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 $200,082

Program Service Revenue $5,739

Investment Income $47,690

Other Revenue $3,250

TOTAL REVENUE $256,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,246

Program Expenses $153,296

Other Expenses $202,245

TOTAL EXPENSES $202,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,761	$330,217	-0.2%
Expenses	$202,245	$191,794	+0.1%
Net Income	$54,516	$138,423	-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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN KOEBLER	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDREA TAUPIER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DOUGLAS TAYLOR	TREASURER	10.00	Officer Director	$0	$0	$0
DEBRA CHAMBERLAND	ASSISTANT TR	2.00	Officer Director	$0	$0	$0
MARY ROGENESS	CLERK	2.00	Officer Director	$0	$0	$0
MICHELE DRENNAN	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW FRIEDMAN	TRUSTEE	2.00	Director	$0	$0	$0
KRISTINA GAGNE	TRUSTEE	2.00	Director	$0	$0	$0
MARION GERMINO	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT HUMBERSTON	TRUSTEE	2.00	Director	$0	$0	$0
JOHN ROBERT KIRKWOOD MD	TRUSTEE	2.00	Director	$0	$0	$0
MARGARET LANDON	TRUSTEE	2.00	Director	$0	$0	$0
STEPHAN PLATZER	TRUSTEE	2.00	Director	$0	$0	$0
LISA LONG FELDMAN	TRUSTEE	2.00	Director	$0	$0	$0
ROBIN FRECHETTE	TRUSTEE	2.00	Director	$0	$0	$0
JEANNE ZOBEL-LACHIUSA	TRUSTEE	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	$256,761	$202,245	$2,111,758	$54,516
2024	$330,217	$191,794	$1,745,420	$138,423
2023	$197,457	$180,456	$1,574,497	$17,001
2022	$305,580	$196,758	$1,468,651	$108,822
2021	$252,353	$201,831	$1,634,304	$50,522
2020	$195,551	$188,375	$1,357,934	$7,176
2019	$178,060	$215,652	$1,375,461	$-37,592

RICHARD SALTER STORRS LIBRARY INC