THE GEORGE HAIL FREE LIBRARY

EIN: 050281755 501(c)(3)

WARREN, RI

Total Revenue
$660,757
Total Expenses
$476,201
Total Assets
$2,243,972
Net Assets
$2,243,972
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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
1973
Legal Domicile
RI
Principal Officer
KATHRYN BARRY
Phone
4012457686
Tax Period
2024-07-01 to 2025-06-30

THE GEORGE HAIL FREE LIBRARY, founded in 1973, is a small nonprofit that reported $661K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $185K, a strong 28% operating margin.

Mission

LIBRARY OPERATIONS

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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 $554,984
Program Service Revenue $2,663
Investment Income $101,876
Other Revenue $1,234
TOTAL REVENUE $660,757

Expense Breakdown

Grants Paid $0
Salaries & Benefits $275,175
Fundraising Expenses $0
Program Expenses $378,328
Other Expenses $201,026
TOTAL EXPENSES $476,201

Year-over-Year Comparison

2024 2023 Change
Revenue $660,757 $589,777 +0.1%
Expenses $476,201 $465,971 +0.0%
Net Income $184,556 $123,806 +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
15
Volunteers
15

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN BARRY PRESIDENT 2.00
Officer Director
$0 $0 $0
CHERYL CAGGIANO TREASURER 2.00
Officer Director
$0 $0 $0
JOHN CHANEY TRUSTEE 1.00
Director
$0 $0 $0
CAROL GAFFORD VICE PRESIDE 2.00
Officer Director
$0 $0 $0
PAULA ROOKS TRUSTEE 1.00
Director
$0 $0 $0
DERRICK TROMBLEY 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 $660,757 $476,201 $2,243,972 $184,556
2024 $589,777 $465,971 $2,011,570 $123,806
2023 $509,120 $424,763 $1,853,747 $84,357
2022 $560,054 $461,346 $1,735,636 $98,708
2021 $564,859 $471,804 $1,845,099 $93,055
2020 $546,648 $428,087 $1,580,360 $118,561
2019 $422,494 $417,158 $1,558,267 $5,336
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