HOTCHKISS LIBRARY OF SHARON INC (EIN 060655489) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

Lorna Edmundson

Phone

8603645041

Tax Period

2024-07-01 to 2025-06-30

HOTCHKISS LIBRARY OF SHARON INC, founded in 1979, is a small nonprofit in the Education sector that reported $716K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114K, a strong 16% operating margin.

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $605,958

Program Service Revenue $2,390

Investment Income $41,579

Other Revenue $66,347

TOTAL REVENUE $716,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $292,840

Fundraising Expenses $26,357

Program Expenses $487,743

Other Expenses $309,553

TOTAL EXPENSES $602,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$716,274	$479,389	+0.5%
Expenses	$602,393	$513,431	+0.2%
Net Income	$113,881	$-34,042	-4.3%

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

$61,656

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gretchen Hachmeister	Executive Dir.	35.00	Officer	$44,735	$16,921	$61,656
Lorna Edmundson	President	1.00	Officer Director	$0	$0	$0
Meera Marti	Director	2.00	Director	$0	$0	$0
Mark Gude	Director	2.00	Officer Director	$0	$0	$0
DEBORAH DONOVAN	Director	1.00	Director	$0	$0	$0
Meghan Flanagan	Asst. Treasurer	1.00	Officer Director	$0	$0	$0
TJ Murtagh	Director	1.00	Director	$0	$0	$0
Laurie Lisle	Secretary	1.00	Officer Director	$0	$0	$0
Graham Klemm	Director	1.00	Director	$0	$0	$0
David Moore	Director	1.00	Director	$0	$0	$0
Christine Elia	Vice President	2.00	Officer Director	$0	$0	$0
Linda Quella	Director	1.00	Director	$0	$0	$0
Meredith Rollins	Director	1.00	Director	$0	$0	$0
Brian Ross	Director	1.00	Director	$0	$0	$0
Nora Jordan	Treasurer	1.00	Officer Director	$0	$0	$0
Suzanne Purdy	Director	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	$716,274	$602,393	$6,024,862	$113,881
2024	$476,804	$513,431	$5,773,829	$-36,627
2023	$586,740	$371,398	$5,861,117	$215,342
2022	$2,886,571	$334,193	$5,457,425	$2,552,378
2021	$1,286,351	$337,958	$2,920,210	$948,393
2020	$428,534	$382,159	$1,650,947	$46,375
2019	$396,556	$410,736	$1,599,899	$-14,180
2018	$412,804	$358,202	$1,590,126	$54,602

HOTCHKISS LIBRARY OF SHARON INC