GLOCESTER MANTON FREE 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

1924

Principal Officer

GAYLE WOLSTENHOLME

Phone

4015686077

Tax Period

2024-07-01 to 2025-06-30

GLOCESTER MANTON FREE LIBRARY, founded in 1924, is a small nonprofit that reported $435K in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $173K, a strong 40% operating margin.

Mission

ORGANIZATION OPERATES A LIBRARY WHICH MAKES AVAILABLE TO THE GENERAL PUBLIC BOOKS, PERIODICALS, DVDS, COMPUTERS AND OTHER ITEMS AT NO CHARGE

Program Service Accomplishments

Program 1

Expenses: $256,244

LIBRARY WHICH MAKES AVAILABLE TO THE GENERAL PUBLIC BOOKS, PERIODICALS DVDS, COMPUTERS, AND OTHER ITEMS AT NO CHARGE.

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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 $430,495

Program Service Revenue $785

Investment Income $0

Other Revenue $3,504

TOTAL REVENUE $434,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,975

Fundraising Expenses $0

Program Expenses $256,419

Other Expenses $87,486

TOTAL EXPENSES $261,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$434,784	$247,954	+0.8%
Expenses	$261,461	$256,674	+0.0%
Net Income	$173,323	$-8,720	-20.9%

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
GAYLE WOLSTENHOLME	EXECUTIVE DI	40.00	Officer	$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	$434,784	$261,461	$343,122	$173,323
2024	$247,954	$256,674	$313,787	$-8,720
2023	$264,376	$249,960	$315,586	$14,416
2022	$234,374	$258,802	$301,170	$-24,428
2021	$232,304	$249,056	$325,598	$-16,752
2020	$227,388	$240,980	$342,350	$-13,592
2019	$213,620	$241,895	$417,900	$-28,275