CLAPP MEMORIAL LIBRARY INC

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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

1914

Legal Domicile

Principal Officer

KERRI SHEPPARD

Phone

4133230417

Tax Period

2024-07-01 to 2025-06-30

CLAPP MEMORIAL LIBRARY INC, founded in 1914, is a small nonprofit that reported $224K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 26% operating margin.

Mission

THE CLAPP MEMORIAL LIBRARY IS A POPULAR AND DYNAMIC COMMUNITY RESOURCE WHICH STRIVES TO SATISFY THE NEED FOR HIGH QUALITY, COMPREHENSIVE PUBLIC LIBRARY SERVICES IN AREAS THAT ARE AMONG THE MOST IMPORTANT TO THE BELCHERTOWN COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $158,876 Revenue: $73,517

TO PROVIDE FREE PUBLIC LIBRARY SERVICES TO THE RESIDENTS OF BELCHERTOWN

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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 $173,546

Program Service Revenue $5,132

Investment Income $45,665

Other Revenue $0

TOTAL REVENUE $224,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,876

Other Expenses $166,346

TOTAL EXPENSES $166,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,343	$138,673	+0.6%
Expenses	$166,346	$123,211	+0.4%
Net Income	$57,997	$15,462	+2.8%

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

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
BILL MCCLURE	PRESIDENT	2.00	Officer Director	$0	$0	$0
KERRI SHEPPARD	TREASURER	10.00	Officer Director	$0	$0	$0
DENISE SMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
CAROL ST AMAND	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID LAMB	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	$224,343	$166,346	$1,500,513	$57,997
2024	$138,673	$123,211	$1,422,155	$15,462
2023	$158,137	$94,517	$1,381,808	$63,620
2022	$98,419	$51,041	$1,307,345	$47,378
2021	$149,944	$43,593	$1,294,309	$106,351
2020	$182,939	$53,622	$1,130,937	$129,317
2019	$94,224	$67,792	$990,695	$26,432