EAST HADDAM FREE PUBLIC LIBRARY & READING ROOM ASSOCIATION (EIN 060724261) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1944

Legal Domicile

Principal Officer

JOANN MAYNARD

Phone

8609162847

Tax Period

2024-01-01 to 2024-12-31

EAST HADDAM FREE PUBLIC LIBRARY & READING ROOM ASSOCIATION, founded in 1944, is a micro nonprofit in the Education sector that reported $77K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $66K left a modest 14% surplus.

Mission

CIRCULATION OF BOOKS, VIDEOS, AND PERIODICALS TO THE PUBLIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,120

Program Service Revenue $0

Investment Income $72,936

Other Revenue $2,916

TOTAL REVENUE $76,972

Expense Breakdown

Grants Paid $38,491

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,869

Other Expenses $27,497

TOTAL EXPENSES $65,988

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,972	$56,946	+0.4%
Expenses	$65,988	$67,366	0.0%
Net Income	$10,984	$-10,420	-2.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
JOANN MAYNARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOYCE MCCUTCHEON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
HEIDI POPE	SECRETARY	N/A	Officer Director	$0	$0	$0
JOHN BIELOT	TREASURER	N/A	Officer Director	$0	$0	$0
KERRY MCRAE	ASST TREASUR	N/A	Officer Director	$0	$0	$0
BARBARA KILEY	MEMBER	N/A	Director	$0	$0	$0
LOUISE PEAR	MEMBER	N/A	Director	$0	$0	$0
AMY GARRISH	MEMBER	N/A	Director	$0	$0	$0
ALEX GARRISH	MEMBER	N/A	Director	$0	$0	$0
BRIAN PEAR	MEMBER	N/A	Director	$0	$0	$0
DENNIS SHORTHOUSE	MEMBER	N/A	Director	$0	$0	$0
CLAIRE TARPILL	MEMBER	N/A	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	$76,972	$65,988	$1,845,614	$10,984
2023	$56,946	$67,366	$1,596,112	$-10,420
2022	$36,100	$62,605	$1,364,174	$-26,505
2021	$97,741	$57,024	$1,684,585	$40,717
2020	$66,339	$536,742	$1,464,821	$-470,403
2019	$60,963	$39,937	$1,777,270	$21,026
2018	$75,292	$43,681	$1,549,696	$31,611

EAST HADDAM FREE PUBLIC LIBRARY & READING ROOM ASSOCIATION