BACON FREE LIBRARY (EIN 046060151) - 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

Robert J Foley

Phone

5086536730

Tax Period

2024-07-01 to 2025-06-30

BACON FREE LIBRARY, founded in 1908, is a small nonprofit in the Education sector that reported $107K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 17% operating margin.

Mission

The organization maintains a free and public library for the community.

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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 $51,106

Program Service Revenue $0

Investment Income $55,672

Other Revenue $0

TOTAL REVENUE $106,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,105

Program Expenses $12,735

Other Expenses $88,680

TOTAL EXPENSES $88,680

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,778	$78,473	+0.4%
Expenses	$88,680	$63,870	+0.4%
Net Income	$18,098	$14,603	+0.2%

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
Robert Foley	Board Chair and Assistant Treasurer	8	Officer Director	$0	$0	$0
Martha Fagan	Vice Chair of Trustees	6	Director	$0	$0	$0
Richard Moon	Trustee	6	Director	$0	$0	$0
Kim Schaller	Trustee	6	Director	$0	$0	$0
Mary Ellen Fulton	Treasurer and Trustee	6	Officer Director	$0	$0	$0
Carol Fassino	Trustee	6	Director	$0	$0	$0
Kermit Baker	Clerk and Trustee	6	Officer Director	$0	$0	$0
Steve Strout	Trustee	6	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	$106,778	$88,680	$1,111,599	$18,098
2024	$78,473	$63,870	$1,021,418	$14,603
2023	$66,596	$57,096	$907,827	$9,500
2022	$74,053	$69,114	$836,301	$4,939
2021	$38,394	$31,309	$970,338	$7,085

BACON FREE LIBRARY