BETHANY LIBRARY ASSOCIATION INC (EIN 066007835) - 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

1930

Legal Domicile

Principal Officer

ELIZABETH THORNQUIST

Phone

2033932103

Tax Period

2024-07-01 to 2025-06-30

BETHANY LIBRARY ASSOCIATION INC, founded in 1930, is a small nonprofit that reported $378K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $1.5M represent 47 months of operating reserves.

Mission

PUBLIC LIBRARY SERVING THE TOWN OF BETHANY, CONNECTICUT.

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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 $366,339

Program Service Revenue $729

Investment Income $10,703

Other Revenue $0

TOTAL REVENUE $377,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,198

Fundraising Expenses $0

Program Expenses $389,580

Other Expenses $148,696

TOTAL EXPENSES $393,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,771	$436,937	-0.1%
Expenses	$393,894	$364,913	+0.1%
Net Income	$-16,123	$72,024	-1.2%

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
MEGHAN GALLAGHER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK HAWES	BOARD MEMBER	1.00	Director	$0	$0	$0
SERENA GUERRETTE	V PRES	1.00	Officer Director	$0	$0	$0
JOHN PELLICANO	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH THORNQUIST	TREASURER	1.00	Officer Director	$0	$0	$0
CALICO HARRINGTON	SECRETARY	1.00	Director	$0	$0	$0
SUSAN HARTNETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEREMY GARRITANO	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES VANDERBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC TISCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
GAYLE BOGEL	LIBRARY DIRECTOR	40.00	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	$377,771	$393,894	$1,483,124	$-16,123
2024	$436,937	$364,913	$1,511,020	$72,024
2023	$355,283	$385,352	$1,438,996	$-30,069
2022	$459,524	$344,025	$1,470,371	$115,499
2021	$463,779	$293,352	$1,354,034	$170,427
2020	$416,944	$333,104	$1,183,607	$83,840
2019	$324,451	$294,599	$1,107,835	$29,852
2018	$377,871	$330,656	$1,063,316	$47,215

BETHANY LIBRARY ASSOCIATION INC