EC SCRANTON MEMORIAL LIBRARY

EIN: 060726490 501(c)(3)

MADISON, CT

Total Revenue
$2,577,331
Total Expenses
$2,234,219
Total Assets
$19,254,493
Net Assets
$19,216,167
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1901
Legal Domicile
CT
Principal Officer
KENNETH NOLAN
Phone
2032457365
Tax Period
2024-07-01 to 2025-06-30

EC SCRANTON MEMORIAL LIBRARY, founded in 1901, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.2M left a modest 13% surplus.

Mission

TO FULFILL THE LIFETIME LEARNING, INFORMATION, CULTURAL ENRICHMENT AND ENJOYMENT NEEDS OF MADISON'S ADULTS, TEENS AND CHILDREN.

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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 $2,328,879
Program Service Revenue $8,079
Investment Income $259,042
Other Revenue $-18,669
TOTAL REVENUE $2,577,331

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,156,128
Fundraising Expenses $0
Program Expenses $1,581,214
Other Expenses $1,078,091
TOTAL EXPENSES $2,234,219

Year-over-Year Comparison

2024 2023 Change
Revenue $2,577,331 $2,451,595 +0.1%
Expenses $2,234,219 $2,152,184 +0.0%
Net Income $343,112 $299,411 +0.1%
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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Governance

Voting Members
15
Independent Members
15
Employees
29
Volunteers
66

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
$91,331
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE HERING DIAS TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINE BEIRNE TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER RYAN TRUSTEE 1.00
Director
$0 $0 $0
CYNTHIA SCHNEIDER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DOREEN SHIRLEY SECRETARY 1.00
Officer Director
$0 $0 $0
KEITH LUCKENBACH PRESIDENT 1.00
Officer Director
$0 $0 $0
KENNETH NOLAN TREASURER 1.00
Officer Director
$0 $0 $0
MARY BETH FORSHAW TRUSTEE 1.00
Director
$0 $0 $0
MICHELE FLYNN TRUSTEE 1.00
Director
$0 $0 $0
PAUL SPRAGUE TRUSTEE 1.00
Director
$0 $0 $0
TOD VAN KIRK TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM STABLEFORD TRUSTEE 1.00
Director
$0 $0 $0
MARY DIDIUK TRUSTEE 1.00
Director
$0 $0 $0
LAURA DOWNES TRUSTEE 1.00
Director
$0 $0 $0
CHARLES REESE TRUSTEE 1.00
Director
$0 $0 $0
ALLISON MURPHY EXECUTIVE DIRECTOR 40.00
Officer
$91,331 $0 $91,331
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 $2,577,331 $2,234,219 $19,254,493 $343,112
2024 $2,451,595 $2,152,184 $19,506,798 $299,411
2023 $2,301,772 $1,953,538 $18,505,488 $348,234
2022 $2,149,109 $2,123,708 $18,260,943 $25,401
2021 $2,112,089 $1,431,720 $19,142,858 $680,369
2020 $10,227,298 $1,596,290 $20,344,710 $8,631,008
2019 $4,092,140 $1,690,515 $17,662,251 $2,401,625
2018 $1,769,073 $1,429,993 $7,559,872 $339,080
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