Windsor Locks Public Library Inc

EIN: 060714787 501(c)(3)

Windsor Locks, CT

Total Revenue
$569,048
Total Expenses
$552,059
Total Assets
$1,261,557
Net Assets
$1,257,817
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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
1907
Legal Domicile
CT
Principal Officer
Susan Bushnik
Phone
8606271495
Tax Period
2024-07-01 to 2025-06-30

Windsor Locks Public Library Inc, founded in 1907, is a small nonprofit that reported $569K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $1.3M represent 27 months of operating reserves.

Mission

To provide a public library for the Town of Windsor Locks, CT.

Program Service Accomplishments

Program 1
Expenses: $552,059

The corporation operates a public library, free of charge, for the purpose of providing reading books and magazines to the public. During the fiscal year the library offered a collection of over...

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The corporation operates a public library, free of charge, for the purpose of providing reading books and magazines to the public. During the fiscal year the library offered a collection of over 55,000 books and other materials, which were circulated more than 69,000 times. The library welcomed over 32,000 visitors and hosted over 225 cultural, educational and recreational programs, attracting more than 3,500 attendees.

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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 $524,964
Program Service Revenue $1,234
Investment Income $23,465
Other Revenue $19,385
TOTAL REVENUE $569,048

Expense Breakdown

Grants Paid $0
Salaries & Benefits $337,234
Fundraising Expenses $0
Program Expenses $552,059
Other Expenses $214,825
TOTAL EXPENSES $552,059

Year-over-Year Comparison

2024 2023 Change
Revenue $569,048 $526,787 +0.1%
Expenses $552,059 $532,354 +0.0%
Net Income $16,989 $-5,567 -4.1%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
15
Volunteers
N/A

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
2
$80,626
Total Directors
9
$80,626
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lois Crozier Library Director 40.00
Officer Director
$80,626 $0 $80,626
Mickey Danyluk Director 2.00
Director
$0 $0 $0
Eileen Pearce Director Secretary 2.00
Director
$0 $0 $0
Elaine Nai Director Treasurer 2.00
Director
$0 $0 $0
Cherri DeVoe Director 2.00
Director
$0 $0 $0
Marcia Hickey Director 2.00
Director
$0 $0 $0
Janet Lomba Director Vice President 2.00
Director
$0 $0 $0
Richard Benson Director 2.00
Director
$0 $0 $0
Susan Bushnik President 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 $569,048 $552,059 $1,261,557 $16,989
2024 $526,787 $532,354 $1,253,401 $-5,567
2023 $513,946 $515,042 $1,243,640 $-1,096
2022 $569,068 $580,187 $1,243,376 $-11,119
2021 $525,296 $484,826 $1,333,328 $40,470
2020 $477,353 $517,724 $1,255,727 $-40,371
2019 $523,422 $529,021 $1,287,513 $-5,599
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