NORTH SCITUATE PUBLIC LIBRARY

EIN: 050344300 501(c)(3) Education

NORTH SCITUATE, RI

Total Revenue
$411,844
Total Expenses
$426,396
Total Assets
$1,515,699
Net Assets
$1,515,699
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
RI
Phone
4016475133
Tax Period
2024-07-01 to 2025-06-30

NORTH SCITUATE PUBLIC LIBRARY, founded in 1906, is a small nonprofit in the Education sector that reported $412K in total revenue in fiscal year 2024. Net assets of $1.5M represent 44 months of operating reserves.

Mission

TO SERVE THE TOWN OF SCITUATE RESIDENTS OF ALL AGES BY PROVIDING ACCESS TO LIBRARY RESOURCES INCLUDING MATERIALS AND SERVICES TO MEET THEIR INFORMATION, EDUCATIONAL AND RECREATIONAL NEEDS

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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 $378,136
Program Service Revenue $29,344
Investment Income $4,364
Other Revenue $0
TOTAL REVENUE $411,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $289,104
Fundraising Expenses $12,264
Program Expenses $411,258
Other Expenses $137,292
TOTAL EXPENSES $426,396

Year-over-Year Comparison

2024 2023 Change
Revenue $411,844 $399,827 +0.0%
Expenses $426,396 $420,520 +0.0%
Net Income $-14,552 $-20,693 -0.3%
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
11
Independent Members
11
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
3
$0
Total Directors
11
$71,000
Key Employees
1
$71,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE LEPORE EXECUTIVE DIRECTOR 40.00
Director Key Emp
$71,000 $0 $71,000
VICTORIA CONTE PRESIDENTCO-TREASURER 1.00
Officer Director
$0 $0 $0
ADAM HOSMER VICE PRESIDENTCO-TREASURER 1.00
Officer Director
$0 $0 $0
REBECCA FLORI SECRETARY 1.00
Officer Director
$0 $0 $0
PATIA BERTRAM DIRECTOR 1.00
Director
$0 $0 $0
JOAN BIANCO DIRECTOR 1.00
Director
$0 $0 $0
ANNMARIE DEADY DIRECTOR 1.00
Director
$0 $0 $0
JILLIAN DEFUSCO DIRECTOR 1.00
Director
$0 $0 $0
LYNN DION DIRECTOR 1.00
Director
$0 $0 $0
PAULA PAQUETTE DIRECTOR 1.00
Director
$0 $0 $0
AMANDA SCOTT DIRECTOR 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 $411,844 $426,396 $1,515,699 $-14,552
2024 No data No data No data No data
2023 $493,013 $439,817 $1,260,904 $53,196
2023 No data No data No data No data
2022 $408,467 $404,904 $1,207,708 $3,563
2021 $384,758 $332,381 $1,204,145 $52,377
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