Windsor Locks Public Library Inc (EIN 060714787) - 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

1907

Legal Domicile

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.

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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 $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

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

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

$80,626

Total Directors

$80,626

Key Employees

Highest Compensated

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

Windsor Locks Public Library Inc