GODFREY 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

1947

Legal Domicile

Principal Officer

ALBERT FIACRE

Phone

8603464375

Tax Period

2023-01-01 to 2023-12-31

GODFREY MEMORIAL LIBRARY, founded in 1947, is a small nonprofit in the Education sector that reported $194K in total revenue in fiscal year 2023. Expenses of $219K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE GODFREY MEMORIAL LIBRARY IS AN INDEPENDENT, NON-PROFIT LIBRARY SPECIALIZING IN GENEAOLOGY, FAMILY HISTORY AND LOCAL HISTORY. OUR FRIENDLY STAFF CAN HELP ASSIST IN RESEARCHING YOUR ANCESTORS ON SITE OR ONLINE.

Program Service Accomplishments

Program 1

Expenses: $208,962 Revenue: $91,048

OPERATION OF GODREY MEMORIAL LIBRARY AND MAINTENANCE OF A LARGE COLLECTION OF BOOKS, PAMPHLETS, PERIODICALS AND ELECTRONIC RECORDS AND OTHER MATERIALS IN THE FIELD OF AMERICAN BIOGRAPHY, GENEALOGY...

OPERATION OF GODREY MEMORIAL LIBRARY AND MAINTENANCE OF A LARGE COLLECTION OF BOOKS, PAMPHLETS, PERIODICALS AND ELECTRONIC RECORDS AND OTHER MATERIALS IN THE FIELD OF AMERICAN BIOGRAPHY, GENEALOGY, AND OTHER TOWN HISTORY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $51,458

Program Service Revenue $91,048

Investment Income $44,306

Other Revenue $7,647

TOTAL REVENUE $194,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,877

Fundraising Expenses $2,010

Program Expenses $208,962

Other Expenses $97,195

TOTAL EXPENSES $219,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,459	$198,269	0.0%
Expenses	$219,072	$201,582	+0.1%
Net Income	$-24,613	$-3,313	+6.4%

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

$54,377

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL ANSEL	EXECUTIVE DI	40.00	Officer	$54,377	$0	$54,377
DORIAN HILL	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA LESHAK	DIRECTOR	1.00	Director	$0	$0	$0
KATHY LOVE	DIRECTOR	1.00	Director	$0	$0	$0
JESSE NASTA	DIRECTOR	1.00	Director	$0	$0	$0
CAROL WHITMER	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT FIACRE	CHAIR	10.00	Officer Director	$0	$0	$0
PAT BURKE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
AUGUST DE FRANCE	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA HOBBS	SECRETARY	1.00	Officer 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	$194,459	$219,072	$1,280,869	$-24,613
2022	$198,269	$201,582	$1,315,256	$-3,313