NORTH SMITHFIELD PUBLIC LIBRARY

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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

1934

Principal Officer

PAUL DUPUIS

Phone

4017672780

Tax Period

2024-07-01 to 2025-06-30

NORTH SMITHFIELD PUBLIC LIBRARY, founded in 1934, is a small nonprofit in the Education sector that reported $683K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $586K left a modest 14% surplus.

Mission

PUBLIC LIBRARY PROVIDING ACCESS TO A WIDE VARIETY OF MATERIALS AND SERVICES TO THE COMMUNITY

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES GENERAL LIBRARY SERVICES TO RESIDENTS OF THE TOWN OF NORTH SMITHFIELD, LIBRARY SERVICES TO MEET THE RESIDENTS EDUCATIONAL, CULTURAL 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $682,298

Program Service Revenue $0

Investment Income $629

Other Revenue $0

TOTAL REVENUE $682,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $365,768

Fundraising Expenses $0

Program Expenses $580,733

Other Expenses $220,290

TOTAL EXPENSES $586,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$682,927	$626,104	+0.1%
Expenses	$586,058	$576,080	+0.0%
Net Income	$96,869	$50,024	+0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CONNELL	TRUSTEE	0.00	Director	$0	$0	$0
CAROL DRAINVILLE	TRUSTEE	0.00	Director	$0	$0	$0
ARAM JARRET	TRUSTEE	0.00	Director	$0	$0	$0
JENNIFER MEDEIROS	TRUSTEE	0.00	Director	$0	$0	$0
PAUL DUPUIS	ACTING PRESI	0.00	Officer	$0	$0	$0
ANGELA PUGLIESE	SECRETARY	0.00	Officer	$0	$0	$0
STACEY WITTON	TREASURER	0.00	Officer	$0	$0	$0
SUSAN DUBOIS	DIRECTOR	40.00	Officer 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	$682,927	$586,058	$585,265	$96,869
2024	$626,104	$576,080	$489,244	$50,024
2023	$503,187	$557,938	$437,871	$-54,751
2022	$596,559	$542,305	$488,877	$54,254
2021	$482,594	$536,259	$811,014	$-53,665
2020	$465,353	$457,214	$775,737	$8,139
2019	$469,439	$468,012	$842,768	$1,427