BILL 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

1943

Legal Domicile

Principal Officer

ROBERT L ZULIANI

Phone

8604450392

Tax Period

2024-07-01 to 2025-06-30

BILL MEMORIAL LIBRARY, founded in 1943, is a small nonprofit in the Education sector that reported $533K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $464K left a modest 13% surplus.

Mission

THE MISSION OF THE BILL MEMORIAL LIBRARY IS TO MEET THE NEEDS OF THE COMMUNITY IN A WELCOMING AND UNIQUE HISTORIC SETTING BY STIMULATING IMAGINATION, PROVIDING THE RESOURCES FOR LIFELONG LEARNING, INSPIRING YOUNG PATRONS; AND CONNECTING TO THE ONLINE WORLD.

Program Service Accomplishments

Program 1

Expenses: $383,952

THE MISSION OF THE BILL MEMORIAL LIBRARY IS TO HELP ENRICH THE LIVES OF THE RESIDENTS OF GROTON THROUGH ACCESS TO THE IDEAS, INFORMATION, AND ENTERTAINMENT AVAILABLE FROM BOOKS AS WELL AS A VARIETY OF OTHER RESOURCES. THE LIBRARY PROVIDES AN ARRAY OF MATERIALS, SERVICES, AND PROFESSIONAL ASSISTANCE, AS WELL AS FACILITIES FOR THE SUPPORT OF EDUCATIONAL CIVIC AND CULTURAL ACTIVITIES.

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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 $141,633

Program Service Revenue $1,776

Investment Income $390,082

Other Revenue $0

TOTAL REVENUE $533,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,008

Fundraising Expenses $5,990

Program Expenses $383,952

Other Expenses $226,565

TOTAL EXPENSES $463,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$533,491	$398,895	+0.3%
Expenses	$463,573	$482,162	0.0%
Net Income	$69,918	$-83,267	-1.8%

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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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

$70,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY CONNAL-NICOLAOU	EXECUTIVE DI	40.00	Officer	$70,920	$0	$70,920
KATE BENGTSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JANET DOWNS	DIRECTOR	2.00	Director	$0	$0	$0
JACKIE MASSETT	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH MCBRIDE	DIRECTOR	2.00	Director	$0	$0	$0
MARK R OEFINGER	DIRECTOR	2.00	Director	$0	$0	$0
SHALIN PECK	ASST. TREASU	2.00	Officer Director	$0	$0	$0
JASON RUSK	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JILL RUSK	DIRECTOR	2.00	Director	$0	$0	$0
DANE STEVENSON	SECRETARY	2.00	Officer Director	$0	$0	$0
ELIZABETH SWINDELL	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT L ZULIANI	TREASURER	2.00	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
2025	$533,491	$463,573	$4,794,014	$69,918
2024	$398,895	$482,162	$4,457,702	$-83,267
2023	$548,148	$349,378	$4,353,071	$198,770
2022	$412,023	$366,362	$4,201,606	$45,661
2021	$385,533	$323,258	$4,583,618	$62,275
2020	$217,241	$389,690	$3,864,668	$-172,449
2019	$329,022	$288,207	$4,345,760	$40,815
2018	$417,169	$286,635	$4,197,690	$130,534