TRUSTEES OF THE SALEM PUBLIC LIBRAR (EIN 046065760) - 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

Principal Officer

ROBERT J MORIN

Phone

9787440860

Tax Period

2023-07-01 to 2024-06-30

TRUSTEES OF THE SALEM PUBLIC LIBRAR is a small nonprofit that reported $109K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 33% operating margin.

Mission

OPERATION OF A PUBLIC LIBRARY.

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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 $45,675

Program Service Revenue $12,610

Investment Income $50,466

Other Revenue $0

TOTAL REVENUE $108,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,573

Other Expenses $72,717

TOTAL EXPENSES $72,717

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,751	$89,595	+0.2%
Expenses	$72,717	$84,313	-0.1%
Net Income	$36,034	$5,282	+5.8%

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
GREG APRIL	TRUSTEE	N/A	Director	$0	$0	$0
KIRSTEN AUSTIN	TRUSTEE	N/A	Director	$0	$0	$0
MARIA BUCKLEY	TRUSTEE	N/A	Director	$0	$0	$0
ANDREW LUTTS	TRUSTEE	N/A	Director	$0	$0	$0
ROBERT J MORIN	TRUSTEE	N/A	Director	$0	$0	$0
KERRY ROURKE	TRUSTEE	N/A	Director	$0	$0	$0
DOMINICK PANGALLO	CHAIRMAN	N/A	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
2025	No data	No data	No data	No data
2024	$108,751	$72,717	$2,033,496	$36,034
2023	$89,595	$84,313	$1,809,920	$5,282
2022	$140,152	$95,451	$1,682,680	$44,701
2021	$168,563	$91,181	$1,939,728	$77,382
2020	$195,123	$82,209	$1,593,326	$112,914
2019	$127,063	$118,406	$1,385,345	$8,657

TRUSTEES OF THE SALEM PUBLIC LIBRAR