GUNN MEMORIAL LIBRARY INC

EIN: 060691373 501(c)(3)

WASHINGTON, CT

Total Revenue
$1,118,706
Total Expenses
$1,009,305
Total Assets
$10,666,732
Net Assets
$10,603,677
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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
1908
Legal Domicile
CT
Principal Officer
AUDRA MACLAREN
Phone
8608687586
Tax Period
2024-07-01 to 2025-06-30

GUNN MEMORIAL LIBRARY INC, founded in 1908, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 10% surplus.

Mission

TO OPERATE A PUBLIC LIBRARY AND MUSUEM DEDICATED TO PROVIDING FREE PUBLIC LIBRARY ABD CULTURAL SERVICES TO WASHINGTON, CONNECTICUT AND THE SURROUNDING COMMUNITIES, PROMOTING LITERACY AND EDUCATION, AND PRESERVING THE TOWN'S 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $621,604
Program Service Revenue $5,365
Investment Income $333,974
Other Revenue $157,763
TOTAL REVENUE $1,118,706

Expense Breakdown

Grants Paid $0
Salaries & Benefits $539,911
Fundraising Expenses $32,145
Program Expenses $865,292
Other Expenses $469,394
TOTAL EXPENSES $1,009,305

Year-over-Year Comparison

2024 2023 Change
Revenue $1,118,706 $989,734 +0.1%
Expenses $1,009,305 $1,005,676 +0.0%
Net Income $109,401 $-15,942 -7.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
16
Volunteers
40

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
$97,738
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AUDRA MACLAREN EXECUTIVE DI 40.00
Officer
$95,638 $2,100 $97,738
CAROLYN BENSLEY TRUSTEE 2.00
Director
$0 $0 $0
PATRICK CAMPION TRUSTEE 2.00
Director
$0 $0 $0
ALEX FARMER TRUSTEE 2.00
Director
$0 $0 $0
MICHELLE GORRA TRUSTEE 2.00
Director
$0 $0 $0
TRENA KEATING TRUSTEE 2.00
Director
$0 $0 $0
SEAN KREBS SECRETARY 2.00
Officer Director
$0 $0 $0
J RODNEY PLEASANTS TRUSTEE 2.00
Director
$0 $0 $0
BARBARA PAUL ROBINSON TRUSTEE 2.00
Director
$0 $0 $0
SUSAN SCHOON TRUSTEE 2.00
Director
$0 $0 $0
INES DE SEROUX TRUSTEE 2.00
Director
$0 $0 $0
ILARIA VIGANO-FRANCIS TRUSTEE 2.00
Director
$0 $0 $0
RAJA CHATTERJEE PRESIDENT 2.00
Officer
$0 $0 $0
STEVEN FUCHS TREASURER 2.00
Officer
$0 $0 $0
LAURA MARTIN VICE PRESIDE 2.00
Officer
$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 $1,118,706 $1,009,305 $10,666,732 $109,401
2024 $989,734 $1,005,676 $10,063,807 $-15,942
2023 $1,130,190 $827,225 $9,319,256 $302,965
2022 $1,304,674 $833,637 $8,392,410 $471,037
2021 $1,336,448 $779,675 $9,238,655 $556,773
2020 $680,533 $875,150 $7,833,307 $-194,617
2019 $1,202,884 $805,424 $7,922,597 $397,460
2018 $730,157 $735,271 $6,836,484 $-5,114
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