Clark Memorial 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

1995

Legal Domicile

Principal Officer

Kristen Chambers

Phone

4013646100

Tax Period

2024-07-01 to 2025-06-30

Clark Memorial Library, founded in 1995, is a small nonprofit in the Education sector that reported $198K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Net assets of $600K represent 36 months of operating reserves.

Mission

Library Services

Program Service Accomplishments

Program 1

Expenses: $134,909 Revenue: $711

To provide library services to the community and meeting rooms for residents of the Town of Richmond, Rhode Island.

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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 $174,642

Program Service Revenue $711

Investment Income $17,321

Other Revenue $5,449

TOTAL REVENUE $198,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,985

Fundraising Expenses $1,107

Program Expenses $134,909

Other Expenses $98,408

TOTAL EXPENSES $202,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$198,123	$241,261	-0.2%
Expenses	$202,393	$187,401	+0.1%
Net Income	$-4,270	$53,860	-1.1%

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

$39,332

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynn Thompson	Director	25.00	Director	$39,332	$0	$39,332
Kristen Chambers	President	1.00	Officer Director	$0	$0	$0
Jane Rathbun	Treasurer	1.00	Officer Director	$0	$0	$0
Matthew Gagner	Secretary	1.00	Officer Director	$0	$0	$0
Ellen Gleason	Trustee	1.00	Director	$0	$0	$0
Melyssa Marland	Trustee	1.00	Director	$0	$0	$0
Matthew Giardina	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	$198,123	$202,393	$605,847	$-4,270
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