WESTERLY, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEMORIAL AND LIBRARY ASSOCIATION OF WESTERLY, founded in 1892, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 22% operating deficit.
TO STRENGTHEN COMMUNITY AND ENRICH LIVES BY STIMULATING INTELLECT AND SPARKING IMAGINATION THROUGH ACCESS TO LITERATURE, INFORMATION, TECHNOLOGY, NATURE, AND THE ARTS.
LIBRARY - THE LIBRARY PROVIDES ESSENTIAL RESOURCES,SERVICES AND PROGRAMS THAT ENRICH THE LIVES OF ALL ITS PATRONS; CHILDREN OF ALL AGES ARE WELCOME,& INTRODUCED TO THE MAGIC OF READING; IT IS A...
LIBRARY - THE LIBRARY PROVIDES ESSENTIAL RESOURCES,SERVICES AND PROGRAMS THAT ENRICH THE LIVES OF ALL ITS PATRONS; CHILDREN OF ALL AGES ARE WELCOME,& INTRODUCED TO THE MAGIC OF READING; IT IS A CENTER FOR CIVIC PRIDE & COMMUNITY; IT IS A THRIVING, BUSY, WARM, BEAUTIFUL, & WELCOMING PLACE. WE HAVE 11,916 PATRONS WITH ACTIVE LIBRARY CARDS & THOUSANDS OF OTHERS WHO TAKE ADVANTAGE OF OUR FREE OFFERINGS, NO CARDS REQUIRED. OUR TOTAL CIRCULATION LAST YEAR, INCLUDING EZONE BOOKS, WAS 310,828 ITEMS,WE HAD 13,103 COMPUTER USERS & 37,860 WIRELESS SESSIONS. WE ARE PART OF A LIBRARY CONSORTIUM, SHARING DIGITAL MATERIALS AND A PATRON CATALOGING AND CIRCULATION DATABASE. WE ARE ALSO PART OF THE LIBRARY OF RI NETWORK MATERIAL LENDING, AND ASK RI SUBSCRIPTION DATABASES. WE PROVIDE EBOOKS AND RESEARCH HELP,TECHNOLOGY ASSISTANCE,ACCESS TO THE INTERNET,A LIBRARY OF THINGS AND A WCAG 2.0 AA COMPLIANT WEBSITE THAT SERVES AS OUR VIRTUAL SELF AND PRIMARY MEDIA INTERFACE.
WILCOX PARK - WILCOX PARK IS A NATIONALLY SIGNIFICANT ARBORETUM AND DESIGNED LANDSCAPE, AND ONE OF THE CORNERSTONES FOR OUR SENSE OF PLACE IN THE REGION. IT IS A BEAUTIFUL, PRIVATE PARK THAT ALSO...
WILCOX PARK - WILCOX PARK IS A NATIONALLY SIGNIFICANT ARBORETUM AND DESIGNED LANDSCAPE, AND ONE OF THE CORNERSTONES FOR OUR SENSE OF PLACE IN THE REGION. IT IS A BEAUTIFUL, PRIVATE PARK THAT ALSO SERVES AS AN OUTDOOR COMMUNITY SPACE. THE ASSOCIATION MAINTAINS AND PRESERVES THIS HISTORIC RESOURCE AND, THROUGH THAT, IN KEEPING DOWNTOWN WESTERLY LOOKING BEAUTIFUL AND WELL-MAINTAINED. THE PARK CONTAINS VARIOUS EDUCAITONAL GARDENS, MONUMENTS, CHAMPION TREES AND A COTTAGE THAT HOSTS SEVERAL ARTIST-IN-RESIDENCE THROUGHOUT THE YEAR. THE PARK'S EDUCATIONAL POTENTIAL IS REALIZED THROUGH PROGRAMS THAT PROMOTE A VARIETY OF THINGS INCLUDING ENVIRONMENTAL AWARENESS, WELLNESS, AND COMMUNITY. PROGRAMS INCLUDE THE ANNUAL GARDEN MARKET FAIR, THE VIRTU ART FESTIVAL WHICH SHOWCASES THE WORK OF 200 ARTISTS, THE SUMMER POPS CONCERT BY THE CHORUS OF WESTERLY, AND THE ANNUAL THEATER IN THE PARK PRODUCTIONS.
BUILDING - THE BUILDING THAT HOUSES WESTERLY LIBRARY IS ONE OF THE MOST SIGNIFICANT STRUCTURES IN THE WILCOX PARK HISTORIC DISTRICT. ITS CIVIL WAR MEMORIAL IS ONE OF THE GREAT LANDMARKS IN RHODE...
BUILDING - THE BUILDING THAT HOUSES WESTERLY LIBRARY IS ONE OF THE MOST SIGNIFICANT STRUCTURES IN THE WILCOX PARK HISTORIC DISTRICT. ITS CIVIL WAR MEMORIAL IS ONE OF THE GREAT LANDMARKS IN RHODE ISLAND, AND A STRONG EXAMPLE OF THE VISION AMERICA HAD FOR THE IMPORTANT ROLE TO BE PLAYED BY ITS LATE19TH CENTURY LIBRARIES IN FORGING A NEW, DEMOCRATIC, POST CIVIL WAR SOCIETY. THE BUILDING CONTAINS A READING ROOM, MEDIA SPACE, COMPUTER LAB, MAKERSPACE, TEEN ROOM, KIDS ROOM, TWEEN SPACE, AUDITORIUM, STUDY ROOMS, MEETING SPACES AND AN ART GALLERY THAT IS A MAJOR SITE FOR THE EXHIBITION OF REGIONAL ARTISTS OF ALL TYPES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,734,021 | $3,978,420 | -0.3% |
| Expenses | $3,338,273 | $3,216,196 | +0.0% |
| Net Income | $-604,252 | $762,224 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DEBORAH BELL | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| THOMAS F BOLL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PEGGY MURPHY-BRIGHT | EX-OFFICIO | 0.50 |
Director
|
$0 | $0 | $0 |
| BETTY-JO CUGINI | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| PETER B ROBINSON | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER OBREY | TRUSTEE | 0.75 |
Director
|
$0 | $0 | $0 |
| MOJIE F FRIEL | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ANN LAIN | VICE PRESIDENT | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| COLLEEN SULLIVAN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| MARIA BERNIER | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY CAROL KENDZIA | PRESIDENT | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM MILLER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| MARY SCIALABBA | EX-OFFICIO | 0.50 |
Director
|
$0 | $0 | $0 |
| LOUIS TOSCANO | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ROBERT GERVASINI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY JO GIRARD | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| DEBORAH HAROLD | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| GARA LAMARCHE | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| BEN TAMSKY | EX-OFFICIO | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,734,021 | $3,338,273 | $46,850,168 | $-604,252 |
| 2024 | $3,978,420 | $3,216,196 | $44,405,100 | $762,224 |
| 2023 | $2,135,182 | $2,974,378 | $40,823,245 | $-839,196 |
| 2022 | $3,083,300 | $2,974,224 | $38,501,613 | $109,076 |
| 2021 | $2,353,119 | $2,926,348 | $45,284,648 | $-573,229 |
| 2020 | $2,752,570 | $2,860,809 | $38,334,448 | $-108,239 |
| 2019 | $9,076,223 | $2,863,391 | $38,658,782 | $6,212,832 |
| 2018 | $5,578,143 | $2,747,864 | $33,240,746 | $2,830,279 |
Compare MEMORIAL AND LIBRARY ASSOCIATION OF WESTERLY with other nonprofits in Rhode Island and across the country.