FRIENDS OF THE WATERTOWN LIBRARY A… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

JAMES CZARZASTY

Phone

8609455360

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE WATERTOWN LIBRARY ASSOCIATION INC, founded in 1989, is a micro nonprofit that reported $21K in total revenue in fiscal year 2024. Expenses of $20K left a modest 6% surplus.

Mission

The Organization is operated exclusively for the support and benefit of the Watertown library Association for the purpose of intellectual improvement and social culture.

Program Service Accomplishments

Program 1

Expenses: $20,008 Revenue: $13,568

THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF THE WATERTOWN LIBRARY ASSOCIATION FOR THE PURPOSE OF INTELLECTUAL IMPROVEMENTAND SOCIAL CULTURE.

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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 $7,685

Program Service Revenue $12,041

Investment Income $0

Other Revenue $1,527

TOTAL REVENUE $21,253

Expense Breakdown

Grants Paid $8,575

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,008

Other Expenses $11,433

TOTAL EXPENSES $20,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,253	$20,178	+0.1%
Expenses	$20,008	$16,878	+0.2%
Net Income	$1,245	$3,300	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CZARZASTY	TREASURER	20.00	Officer	$0	$0	$0
LYNN KARR-HASLER	SECRETARY	20.00	Officer	$0	$0	$0
RITA WOLFE	VICE PRESIDENT	20.00	Officer	$0	$0	$0
BARBARA KENNEDY	PRESIDENT	20.00	Officer	$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	$21,253	$20,008	$16,944	$1,245
2024	$20,178	$16,878	$15,699	$3,300
2023	$18,275	$21,866	$12,399	$-3,591
2022	$16,500	$23,606	$15,990	$-7,106
2021	$10,169	$4,069	$23,096	$6,100

FRIENDS OF THE WATERTOWN LIBRARY ASSOCIATION INC