GLOCESTER MANTON FREE LIBRARY

EIN: 056016571 501(c)(3)

CHEPACHET, RI

Total Revenue
$434,784
Total Expenses
$261,461
Total Assets
$343,122
Net Assets
$337,275
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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

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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 (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

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Governance

Voting Members
8
Independent Members
8
Employees
12
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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