Monhegan Memorial Library (EIN 046056891) - 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

1926

Legal Domicile

Principal Officer

Carol Burdick

Phone

2075960549

Tax Period

2023-07-01 to 2024-06-30

Monhegan Memorial Library, founded in 1926, is a micro nonprofit in the Education sector that reported $65K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 24% operating margin.

Mission

To maintain a library proving lending services to all residents of Monhegan Island, ME.

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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 $18,649

Program Service Revenue $11,801

Investment Income $21,547

Other Revenue $13,281

TOTAL REVENUE $65,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,497

Fundraising Expenses $0

Program Expenses $44,629

Other Expenses $21,090

TOTAL EXPENSES $49,587

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,278	$50,700	+0.3%
Expenses	$49,587	$49,748	0.0%
Net Income	$15,691	$952	+15.5%

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

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
Felicia Dunson	Director	5.00	Director	$0	$0	$0
Lisa Jahn-Clough	Vice President	4.00	Director	$0	$0	$0
Kelena Reid	Director	2.00	Director	$0	$0	$0
Eileen Cameron	Director	4.00	Director	$0	$0	$0
Don Abbott	Director	2.00	Director	$0	$0	$0
Andrew Dalrymple	Director	2.00	Director	$0	$0	$0
David Clapp	Director	2.00	Director	$0	$0	$0
Miki Partridge	Director	2.00	Director	$0	$0	$0
Carol Burdick	Director	10.00	Officer	$0	$0	$0
Sally Boynton	President	5.00	Officer	$0	$0	$0
Michael Brassard	Treasurer	7.00	Officer	$0	$0	$0
Margot Sullivan	Secretary	5.00	Officer	$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	$65,278	$49,587	$929,050	$15,691
2023	$50,700	$49,748	$829,006	$952
2022	$41,471	$42,569	$773,614	$-1,098
2021	$43,402	$41,483	$874,352	$1,919
2020	$46,882	$36,035	$743,235	$10,847
2019	$45,684	$38,997	$721,654	$6,687

Monhegan Memorial Library