NORTH KINGSTOWN FREE LIBRARY CORP (EIN 050477428) - 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

1993

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

NORTH KINGSTOWN FREE LIBRARY CORP, founded in 1993, is a micro nonprofit in the Education sector that reported $72K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $23K, a strong 32% operating margin.

Mission

THE ORGANIZATION SUPPORTS THE CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF THE NORTH KINGSTOWN FREE 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 (2024)

Revenue Breakdown

Contributions & Grants $23,393

Program Service Revenue $0

Investment Income $48,981

Other Revenue $0

TOTAL REVENUE $72,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,411

Other Expenses $49,438

TOTAL EXPENSES $49,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,374	$117,437	-0.4%
Expenses	$49,438	$55,184	-0.1%
Net Income	$22,936	$62,253	-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

N/A

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
MICHAEL DONOHUE	TRUSTEE	2.00	Director	$0	$0	$0
STACEY WEINSTEIN	TREASURER	3.00	Officer Director	$0	$0	$0
PAMELA ROWLAND	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS SGOUROS	TRUSTEE	2.00	Director	$0	$0	$0
KATHY SCHNEBLY	TRUSTEE	2.00	Director	$0	$0	$0
DIANNE IZZO	TRUSTEE	2.00	Director	$0	$0	$0
MEGAN WEEDEN	LIBRARIAN	35.00	Officer Director	$0	$0	$0
WILLIAM VALVERDE	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
2024	$72,374	$49,438	$1,281,586	$22,936
2023	$117,437	$55,184	$1,237,342	$62,253
2022	$99,989	$36,029	$1,115,856	$63,960
2021	$343,761	$30,323	$1,144,576	$313,438
2020	$31,378	$17,682	$807,080	$13,696

NORTH KINGSTOWN FREE LIBRARY CORP