THE PERROT MEMORIAL LIBRARY ASSOCIA OF OLD GREENWICHINC

EIN: 061012967 501(c)(3) Education

OLD GREENWICH, CT

Total Revenue
$1,942,800
Total Expenses
$1,907,644
Total Assets
$7,621,855
Net Assets
$7,620,415
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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
1905
Legal Domicile
CT
Principal Officer
KATHY MCCORMACK
Phone
2036371066
Tax Period
2023-07-01 to 2024-06-30

THE PERROT MEMORIAL LIBRARY ASSOCIA OF OLD GREENWICHINC, founded in 1905, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Net assets of $7.6M represent 47 months of operating reserves.

Mission

PERROT MEMORIAL LIABRARY IS COMMITTED TO PROVIDING THE COMMUNITY WITH ACCESS TO INFORMATION AND MATERIALS IN ALL FORMATS SUPPORTED BY FRIENDLY AND PROFESSIONAL SERVICE. THE LIBRARY SHALL ENCOURAGE AND SATISFY THE COMMUNITIES QUEST FOR INFORMATION AND LIFE LONG LEARNING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,847,058
Program Service Revenue $0
Investment Income $89,902
Other Revenue $5,840
TOTAL REVENUE $1,942,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,289,656
Fundraising Expenses $12,896
Program Expenses $1,459,023
Other Expenses $617,988
TOTAL EXPENSES $1,907,644

Year-over-Year Comparison

2023 2022 Change
Revenue $1,942,800 $1,906,621 +0.0%
Expenses $1,907,644 $1,888,620 +0.0%
Net Income $35,156 $18,001 +1.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
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
4
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN DLOBRANO DIRECTOR N/A
Director
$0 $0 $0
ALLISON EVERETT DIRECTOR N/A
Director
$0 $0 $0
DAVID FINN VICE PRESIDE N/A
Officer Director
$0 $0 $0
PATRICIA FOX DIRECTOR N/A
Director
$0 $0 $0
HARRIET GILMER DIRECTOR N/A
Director
$0 $0 $0
SHEILA GOGGIN DIRECTOR N/A
Director
$0 $0 $0
LOUISA GREENE DIRECTOR N/A
Director
$0 $0 $0
ROB ROY BUCKINGHAM JR DIRECTOR N/A
Director
$0 $0 $0
KERRI KINSELLA DIRECTOR N/A
Director
$0 $0 $0
ASHISH KISHORE TREASURER N/A
Officer Director
$0 $0 $0
KIRSTEN LAMHAOUAR DIRECTOR N/A
Director
$0 $0 $0
KATHY MCCORMACK PRESIDENT N/A
Officer Director
$0 $0 $0
ROSANNA NISSEN DIRECTOR N/A
Director
$0 $0 $0
MICHAEL RUSSELL DIRECTOR N/A
Director
$0 $0 $0
MICHELLE SHIH SECRETARY N/A
Officer Director
$0 $0 $0
KELLY THOMPSON DIRECTOR N/A
Director
$0 $0 $0
EUCHUNG UNG DIRECTOR N/A
Director
$0 $0 $0
EMILY WEINSTEIN DIRECTOR 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
2024 $1,942,800 $1,907,644 $7,621,855 $35,156
2023 $1,906,621 $1,888,620 $7,587,398 $18,001
2022 $1,949,573 $1,805,240 $7,567,258 $144,333
2021 $1,774,480 $1,737,141 $7,422,925 $37,339
2020 $1,813,026 $1,745,009 $7,385,586 $68,017
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