FARMINGTON VILLAGE GREEN & LIBRARY ASSOCIATION INC

EIN: 060676855 501(c)(3) Education

FARMINGTON, CT

Total Revenue
$3,758,150
Total Expenses
$3,908,212
Total Assets
$14,089,173
Net Assets
$13,633,324
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1901
Legal Domicile
CT
Principal Officer
MICHAEL SCHLOSS
Phone
8606736791
Tax Period
2024-07-01 to 2025-06-30

FARMINGTON VILLAGE GREEN & LIBRARY ASSOCIATION INC, founded in 1901, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2024. Net assets of $13.6M represent 44 months of operating reserves.

Mission

THE MISSION OF THE FARMINGTON VILLAGE GREEN & LIBRARY ASSOCIATION IS TO ENHANCE THE QUALITY OF LIFE AND PRESERVE THE CULTURAL HISTORY OF FARMINGTON THROUGH THE FINANCIAL SUPPORT AND OPERATION OF THE FARMINGTON AND BARNEY LIBRARIES, STANLEY-WHITMAN HOUSE MUSEUM, THE VILLAGE GREEN, AND MEMENTO MORI CEMETERY.

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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 $3,175,985
Program Service Revenue $117,872
Investment Income $454,763
Other Revenue $9,530
TOTAL REVENUE $3,758,150

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,467,541
Fundraising Expenses $0
Program Expenses $3,281,641
Other Expenses $1,440,671
TOTAL EXPENSES $3,908,212

Year-over-Year Comparison

2024 2023 Change
Revenue $3,758,150 $3,735,479 +0.0%
Expenses $3,908,212 $3,859,552 +0.0%
Net Income $-150,062 $-124,073 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
24
Employees
65
Volunteers
78

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
7
$0
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SCHLOSS CHAIRMAN 5.00
Officer Director
$0 $0 $0
CURT GOSWICK PRESIDENT 5.00
Officer Director
$0 $0 $0
ELIZABETH SANFORD VICE PRESIDE 3.00
Officer Director
$0 $0 $0
LINDA CHAPRON SECRETARY 5.00
Officer Director
$0 $0 $0
STEVE TILLONA TREASURER 8.00
Officer Director
$0 $0 $0
CONNER MORGAN ASSISTANT TR 4.00
Officer Director
$0 $0 $0
DANA PESCATELLO LIBRARY BOAR 2.00
Officer Director
$0 $0 $0
IDA FRANKLIN TRUSTEE 1.00
Director
$0 $0 $0
PHIL GUGLIELMO TRUSTEE 1.00
Director
$0 $0 $0
BRIAN LINDROTH TRUSTEE 1.00
Director
$0 $0 $0
LYMAN LOUIS TRUSTEE 1.00
Director
$0 $0 $0
CELIA BOUZA TRUSTEE 1.00
Director
$0 $0 $0
JANELL LOVIG TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA GARCIA TRUSTEE 1.00
Director
$0 $0 $0
RICH OLIVASTRO TRUSTEE 1.00
Director
$0 $0 $0
ALAN SHERMAN TRUSTEE 1.00
Director
$0 $0 $0
GARY ONTKO TRUSTEE 1.00
Director
$0 $0 $0
UNWANA UDOH TRUSTEE 1.00
Director
$0 $0 $0
VANITHA PATIL TRUSTEE 1.00
Director
$0 $0 $0
DOUG PELHAM TRUSTEE 1.00
Director
$0 $0 $0
NICOLE PAQUETTE TRUSTEE 1.00
Director
$0 $0 $0
SKIP MASON TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH RIORDAN TRUSTEE 1.00
Director
$0 $0 $0
ELISABETH UMPLEBY TRUSTEE 1.00
Director
$0 $0 $0
JOCELYN KENNEDY EX-OFFICIO-L 40.00
Director
$0 $0 $0
ANDRES VERZOSA EX-OFFICIO S 40.00
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 $3,758,150 $3,908,212 $14,089,173 $-150,062
2024 No data No data No data No data
2023 $3,317,889 $3,440,845 $13,559,677 $-122,956
2022 $3,538,139 $3,459,349 $13,374,438 $78,790
2021 $3,622,440 $3,077,593 $14,197,880 $544,847
2020 $3,155,959 $3,017,076 $12,614,193 $138,883
2019 $3,255,702 $3,195,289 $12,695,408 $60,413
2018 $3,248,243 $3,226,561 $12,330,893 $21,682
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