WILLIAM H HALL FREE LIBRARY (EIN 050262709) - 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

1942

Legal Domicile

Principal Officer

MICHAEL MILITO

Phone

4014874035

Tax Period

2023-07-01 to 2024-06-30

WILLIAM H HALL FREE LIBRARY, founded in 1942, is a micro nonprofit in the Education sector that reported $3K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring.

Mission

OPERATION OF A FREE 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 $4,737

Program Service Revenue $0

Investment Income $-7,267

Other Revenue $0

TOTAL REVENUE $-2,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $190,013

Other Expenses $244,874

TOTAL EXPENSES $244,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-2,530	$622,107	-1.0%
Expenses	$244,874	$199,441	+0.2%
Net Income	$-247,404	$422,666	-1.6%

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
MICHAEL MILITO	PRESIDENT	6.00	Officer Director	$0	$0	$0
JEFF JEFFERSON	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
WILLIAM CALDWELL	TREASURER	3.00	Officer Director	$0	$0	$0
MARY MASSE HARTY	SECRETARY	2.00	Officer Director	$0	$0	$0
THOMAS BARBIERI	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY LANPHEAR	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL BUTLER	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN YANITY DUFFY	TRUSTEE	2.00	Director	$0	$0	$0
KATHLEEN GENDRON	TRUSTEE	2.00	Director	$0	$0	$0
GAIL A GINNETTY	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER HUSHION	TRUSTEE	1.00	Director	$0	$0	$0
SARAH LEE	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL MOONAN	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH PAROLI	TRUSTEE	1.00	Director	$0	$0	$0
DAVID GREGORY SPEARS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM BADDELEY	TRUSTEE	1.00	Director	$0	$0	$0
JOANNE DEBRAH	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD W ROSE	TRUSTEE	1.00	Director	$0	$0	$0
MARNIE YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
KARST HOOGEBOOM	TRUSTEE	1.00	Director	$0	$0	$0
SARA TINDALL WOODMAN	TRUSTEE	1.00	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	No data	No data	No data	No data
2024	$-2,530	$244,874	$6,346,415	$-247,404
2023	$622,107	$199,441	$6,593,819	$422,666
2022	$426,178	$211,159	$6,171,153	$215,019
2021	$941,998	$180,251	$5,956,134	$761,747
2020	$603,813	$152,165	$5,194,387	$451,648
2019	$656,039	$186,827	$4,742,739	$469,212

WILLIAM H HALL FREE LIBRARY