Ashaway Free Library (EIN 050274531) - 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

1907

Legal Domicile

Phone

4013772770

Tax Period

2024-07-01 to 2025-06-30

Ashaway Free Library, founded in 1907, is a small nonprofit in the Education sector that reported $139K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $814K represent 70 months of operating reserves.

Mission

To enrich the community by providing resources and related services and programming for personal skills, self-improvement, career advancement, cultural enjoyment, entertainment , and creative activities.

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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 $119,313

Program Service Revenue $795

Investment Income $19,174

Other Revenue $0

TOTAL REVENUE $139,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,731

Fundraising Expenses $10,508

Program Expenses $94,263

Other Expenses $68,419

TOTAL EXPENSES $146,150

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,282	$127,848	+0.1%
Expenses	$146,150	$145,363	+0.0%
Net Income	$-6,868	$-17,515	-0.6%

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

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
Maureen Bjorkland	Trustee	2.00	Director	$0	$0	$0
Cassandra DuBrule	Trustee	2.00	Director	$0	$0	$0
Lauren Sposato	Trustee	2.00	Director	$0	$0	$0
Dezmarie Doyle	Treasurer	2.00	Officer Director	$0	$0	$0
Kat Felkner	Trustee	2.00	Director	$0	$0	$0
Robert Ward	Trustee	2.00	Director	$0	$0	$0
Krislyn Launer	Trustee	2.00	Director	$0	$0	$0
Karen Wilder	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	$139,282	$146,150	$813,779	$-6,868
2024	$127,848	$145,363	$795,766	$-17,515
2023	$141,798	$149,618	$781,896	$-7,820
2022	$150,860	$164,550	$772,938	$-13,690
2021	$139,629	$148,278	$874,632	$-8,649
2020	$149,222	$138,451	$823,510	$10,771
2019	$152,862	$127,639	$822,032	$25,223
2018	$403,581	$129,759	$799,078	$273,822

Ashaway Free Library