THE FLETCHER MEMORIAL LIBRARY INC (EIN 061088584) - 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

1924

Legal Domicile

Principal Officer

CATHLEEN CARDWELL

Phone

8604551086

Tax Period

2023-01-01 to 2023-12-31

THE FLETCHER MEMORIAL LIBRARY INC, founded in 1924, is a micro nonprofit in the Education sector that reported $68K in total revenue in fiscal year 2023. Net assets of $584K represent 102 months of operating reserves.

Mission

TO PROVIDE A LIBRARY AND LIBRARY SERVICES TO THE GENERAL PUBLIC

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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 (2023)

Revenue Breakdown

Contributions & Grants $41,500

Program Service Revenue $4,938

Investment Income $21,944

Other Revenue $0

TOTAL REVENUE $68,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,785

Fundraising Expenses $0

Program Expenses $68,656

Other Expenses $52,242

TOTAL EXPENSES $74,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,382	$67,861	+0.0%
Expenses	$74,027	$73,309	+0.0%
Net Income	$-5,645	$-5,448	+0.0%

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

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

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
LEE ASTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER BURTEN	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
CATHLEEN CARDWELL	CHAIR	3.00	Officer Director	$0	$0	$0
MARK DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH HALDAS	TREASURER	3.00	Officer Director	$0	$0	$0
SUE HOCHSTETTER	SECRETARY	3.00	Officer Director	$0	$0	$0
ANDREA KAYE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN O'BRIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH REGAN	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$68,382	$74,027	$585,434	$-5,645
2022	$67,861	$73,309	$566,216	$-5,448
2021	$64,657	$72,410	$665,119	$-7,753
2020	$82,290	$58,128	$642,366	$24,162
2019	$107,337	$59,421	$587,264	$47,916
2018	$61,370	$54,377	$500,149	$6,993

THE FLETCHER MEMORIAL LIBRARY INC