Clark Memorial Library (EIN 056011438) - 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

1995

Legal Domicile

Principal Officer

Kristen Chambers

Phone

4013646100

Tax Period

2022-07-01 to 2023-06-30

Clark Memorial Library, founded in 1995, is a small nonprofit in the Education sector that reported $188K in total revenue in fiscal year 2022. Net assets of $545K represent 35 months of operating reserves.

Mission

Library Services

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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 (2022)

Revenue Breakdown

Contributions & Grants $181,852

Program Service Revenue $1,206

Investment Income $1,557

Other Revenue $3,171

TOTAL REVENUE $187,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,936

Fundraising Expenses $741

Program Expenses $146,456

Other Expenses $97,812

TOTAL EXPENSES $196,748

Year-over-Year Comparison

	2022	2021	Change
Revenue	$187,786	$192,208	0.0%
Expenses	$196,748	$190,595	+0.0%
Net Income	$-8,962	$1,613	-6.6%

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

$40,821

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynn Thompson	Director	25.00	Director	$40,821	$0	$40,821
Kristen Chambers	President	1.00	Officer Director	$0	$0	$0
Matthew Giardina	Trustee	1.00	Director	$0	$0	$0
Dana Habershaw	Treasurer	1.00	Officer Director	$0	$0	$0
Jane Rathbun	Secretary	1.00	Director	$0	$0	$0
Matthew Gagner	Trustee	1.00	Director	$0	$0	$0
Ellen Gleason	Trustee	1.00	Director	$0	$0	$0
Melyssa Marland	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
2024	No data	No data	No data	No data
2023	$187,786	$196,748	$548,660	$-8,962
2022	$192,208	$190,595	$545,666	$1,613
2021	$180,439	$168,787	$586,290	$11,652
2020	$220,062	$174,486	$508,249	$45,576
2019	$187,554	$178,090	$510,826	$9,464
2018	$177,680	$179,699	$491,178	$-2,019

Clark Memorial Library