WILTON LIBRARY ASSOCIATION INC

EIN: 060662194 501(c)(3) Education

WILTON, CT

Total Revenue
$4,156,880
Total Expenses
$4,238,249
Total Assets
$11,764,971
Net Assets
$11,715,852
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1916
Legal Domicile
CT
Principal Officer
CAROLINE MANDLER
Phone
2037623950
Tax Period
2024-07-01 to 2025-06-30

WILTON LIBRARY ASSOCIATION INC, founded in 1916, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2024. Net assets of $11.7M represent 34 months of operating reserves.

Mission

WE ARE THE CULTURAL AND INTELLECTUAL CENTER OF WILTON. WE INFORM, ENRICH, CONNECT, AND INSPIRE OUR COMMUNITY.

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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 $3,800,569
Program Service Revenue $13,600
Investment Income $263,223
Other Revenue $79,488
TOTAL REVENUE $4,156,880

Expense Breakdown

Grants Paid $395
Salaries & Benefits $2,743,505
Fundraising Expenses $258,628
Program Expenses $3,413,377
Other Expenses $1,494,349
TOTAL EXPENSES $4,238,249

Year-over-Year Comparison

2024 2023 Change
Revenue $4,156,880 $4,014,354 +0.0%
Expenses $4,238,249 $4,008,852 +0.1%
Net Income $-81,369 $5,502 -15.8%
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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Governance

Voting Members
20
Independent Members
20
Employees
47
Volunteers
201

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
5
$187,757
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL JOHNSON PRESIDENT 2.00
Officer Director
$0 $0 $0
MARTY AVALLONE VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
BETSY HUFFMAN SECRETARY 2.00
Officer Director
$0 $0 $0
PENNY MAXWELL TREASURER 2.00
Officer Director
$0 $0 $0
LIANNE GRISWOLD ACOSTA-RUA TRUSTEE 1.00
Director
$0 $0 $0
DANIEL DARST TRUSTEE 1.00
Director
$0 $0 $0
ROBERTO DE FEO TRUSTEE 1.00
Director
$0 $0 $0
TIM FLANAGAN TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW GREENE TRUSTEE 1.00
Director
$0 $0 $0
STEPHANIE JOHNS-CLARK TRUSTEE 1.00
Director
$0 $0 $0
MARK KADUBOSKI TRUSTEE 1.00
Director
$0 $0 $0
JUNG SOO KIM TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER LONGMIRE TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH MAGNANO TRUSTEE 1.00
Director
$0 $0 $0
ANDREW PURCELL TRUSTEE 1.00
Director
$0 $0 $0
SARA SCLAFANI TRUSTEE 1.00
Director
$0 $0 $0
SANDY STEIN TRUSTEE 1.00
Director
$0 $0 $0
DAVID TATKOW TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINE WACHTER TRUSTEE 1.00
Director
$0 $0 $0
SARA ZAWOISKI TRUSTEE 1.00
Director
$0 $0 $0
CAROLINE MANDLER EXECUTIVE DIRECTOR 35.00
Officer
$146,132 $41,625 $187,757
LAUREN MCLAUGHLIN ASSISTANT DIRECTOR 35.00
Highest
$133,649 $27,299 $160,948
MICHAEL BELLACOSA HEAD OF ADULT PROGRAMMING 35.00
Highest
$103,239 $51,593 $154,832
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 $4,156,880 $4,238,249 $11,764,971 $-81,369
2024 $4,014,354 $4,008,852 $11,729,832 $5,502
2023 $3,972,452 $3,921,468 $11,496,294 $50,984
2022 $3,701,367 $3,615,899 $11,356,788 $85,468
2021 $3,877,497 $3,451,328 $11,574,928 $426,169
2020 $3,809,990 $3,683,862 $11,243,276 $126,128
2019 $4,281,607 $3,833,681 $10,731,275 $447,926
2018 $3,582,528 $3,773,689 $10,265,958 $-191,161
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