EAST GREENWICH FREE LIBRARY ASSOCIATES

EIN: 050266823 501(c)(3)

EAST GREENWICH, RI

Total Revenue
$1,137,796
Total Expenses
$895,550
Total Assets
$5,615,581
Net Assets
$5,615,581
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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
1898
Legal Domicile
RI
Principal Officer
ADRIENNE GIRARD
Phone
4018849510
Tax Period
2024-07-01 to 2025-06-30

EAST GREENWICH FREE LIBRARY ASSOCIATES, founded in 1898, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $242K, a strong 21% operating margin.

Mission

OPERATION OF A FREE PUBLIC LIBRARY, SERVING ALL RESIDENTS OF EAST GREENWICH, SURROUNDING TOWNS AND ANYONE REQUESTING USE OF LIBRARY SERVICES AT NO CHARGE.

Program Service Accomplishments

Program 1
Expenses: $566,762

PROVIDED AT NO CHARGE TO THE PUBLIC BOOK LENDING, TAPES, PERIODICALS, MICROFILM RECORDS, CHILDREN PROGRAMS, AND VARIOUS OTHER LIBRARY SERVICES TO RESIDENTS OF EAST GREENWICH

Program 2
Expenses: $28,799

THE LIBRARY PARTICIPATED IN THE OSL CONSORTIUM, WHICH ALLOWS RESIDENTS TO OBTAIN MATERIALS FROM OTHER PARTICIPATING LIBRARIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $814,150
Program Service Revenue $23,503
Investment Income $300,143
Other Revenue $0
TOTAL REVENUE $1,137,796

Expense Breakdown

Grants Paid $0
Salaries & Benefits $597,412
Fundraising Expenses $0
Program Expenses $595,561
Other Expenses $298,138
TOTAL EXPENSES $895,550

Year-over-Year Comparison

2024 2023 Change
Revenue $1,137,796 $1,360,307 -0.2%
Expenses $895,550 $865,532 +0.0%
Net Income $242,246 $494,775 -0.5%
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

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Governance

Voting Members
7
Independent Members
7
Employees
21
Volunteers
6

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
2
$96,456
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADRIENNE GIRARD DIRECTOR 40.00
Officer
$85,340 $11,116 $96,456
MICHAEL NEVILLE VICE PRESIDE 1.00
Director
$0 $0 $0
SALLY RUSSELL PRESIDENT 1.00
Director
$0 $0 $0
WENDY AMELOTTE TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL SACHS SECRETARY 1.00
Director
$0 $0 $0
CHRISTOPHER MACRI BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE COOPER BOARD MEMBER 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 $1,137,796 $895,550 $5,615,581 $242,246
2024 $1,360,307 $865,532 $5,063,751 $494,775
2023 $878,725 $851,865 $4,764,168 $26,860
2022 $971,666 $853,161 $4,642,944 $118,505
2021 $849,851 $811,119 $4,846,999 $38,732
2020 $868,589 $755,509 $4,382,137 $113,080
2019 $876,388 $828,978 $4,307,815 $47,410
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