THE WATERFORD PUBLIC LIBRARY (EIN 060707059) - 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

1923

Legal Domicile

Principal Officer

AARON ROSENBERG

Phone

8604445805

Tax Period

2023-07-01 to 2024-06-30

THE WATERFORD PUBLIC LIBRARY, founded in 1923, is a small nonprofit that reported $208K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $179K left a modest 14% surplus.

Mission

THE MISSION OF THE WATERFORD PUBLIC LIBRARY IS TO ENRICH, EDUCATE AND CONNECT OUR COMMUNITY THROUGH DISCOVERY AND ACCESS TO IDEAS, INFORMATION, TECHNOLOGY AND ENTERTAINMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $85,597

Program Service Revenue $16,264

Investment Income $106,230

Other Revenue $0

TOTAL REVENUE $208,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,888

Program Expenses $171,497

Other Expenses $178,576

TOTAL EXPENSES $178,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,091	$177,227	+0.2%
Expenses	$178,576	$190,772	-0.1%
Net Income	$29,515	$-13,545	-3.2%

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

N/A

Volunteers

692

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON ROSENBERG	PRESIDENT	2.00	Officer	$0	$0	$0
CONSTANCE GIORDANO	VICE PRESIDE	2.00	Officer	$0	$0	$0
GRANT RITTER	TREASURER	2.00	Officer	$0	$0	$0
JOY MERRILL	CO-SECRETARY	2.00	Officer	$0	$0	$0
EILEEN BOYCE	CO-SECRETARY	2.00	Director	$0	$0	$0
LEE COUTURE	TRUSTEE	2.00	Director	$0	$0	$0
BOB KYNE	TRUSTEE	2.00	Director	$0	$0	$0
NANCY DRAGOLI	TRUSTEE	2.00	Director	$0	$0	$0
ADDY ROBARGE	TRUSTEE	2.00	Director	$0	$0	$0
MIRIAM WAGNER	TRUSTEE	2.00	Director	$0	$0	$0
JOHN LEHET	TRUSTEE	2.00	Director	$0	$0	$0
ANNIE SIMPSON	TRUSTEE	2.00	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	No data	No data	No data	No data
2024	$208,091	$178,576	$3,759,462	$29,515
2023	$177,227	$190,772	$3,359,265	$-13,545
2022	$122,632	$176,386	$3,062,275	$-53,754
2021	$173,576	$125,737	$3,576,189	$47,839
2020	$177,735	$135,093	$2,843,448	$42,642
2019	$222,629	$152,280	$2,843,878	$70,349

THE WATERFORD PUBLIC LIBRARY