Louttit Library

EIN: 056016282 501(c)(3)

WEST GREENWICH, RI

Total Revenue
$347,983
Total Expenses
$364,954
Total Assets
$549,613
Net Assets
$549,613
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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
1951
Legal Domicile
RI
Phone
4013973434
Tax Period
2025-01-01 to 2025-12-31

Louttit Library, founded in 1951, is a small nonprofit that reported $348K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

PUBLIC 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $337,929
Program Service Revenue $6,756
Investment Income $3,298
Other Revenue $0
TOTAL REVENUE $347,983

Expense Breakdown

Grants Paid $0
Salaries & Benefits $243,529
Fundraising Expenses $0
Program Expenses $360,395
Other Expenses $121,425
TOTAL EXPENSES $364,954

Year-over-Year Comparison

2025 2024 Change
Revenue $347,983 $298,982 +0.2%
Expenses $364,954 $338,887 +0.1%
Net Income $-16,971 $-39,905 -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

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Governance

Voting Members
7
Independent Members
7
Employees
10
Volunteers
1

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
6
$149,793
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Bollengier President 2.00
Officer Director
$0 $0 $0
Donald E Champagne Treasurer 4.00
Director
$0 $0 $0
Susan Aiken TRUSTEE 1.00
Officer Director
$0 $0 $0
Annette Feldman Exec Director 35.00
Officer Highest
$75,622 $0 $75,622
Elaine Binns Trustee 2.00
Officer Director
$0 $0 $0
Christen Robbins Vice President 1.00
Director
$0 $0 $0
Megan Weeden Secretary 1.00
Director
$0 $0 $0
Stephanie Barta Exec Director 35.00
Officer
$49,146 $0 $49,146
Kathryn Waite Assistant Director 35.00
Officer
$25,025 $0 $25,025
Elena Wildes 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 $347,983 $364,954 $549,613 $-16,971
2024 No data No data No data No data
2023 $312,081 $320,461 $606,489 $-8,380
2022 $298,915 $306,729 $614,871 $-7,814
2021 $262,393 $292,662 $622,685 $-30,269
2020 $227,374 $249,758 $653,029 $-22,384
2019 $228,156 $265,313 $675,414 $-37,157
2018 $304,657 $226,204 $712,571 $78,453
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