Preston Public Library (EIN 066048942) - 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

2011

Legal Domicile

Phone

8608861010

Tax Period

2024-07-01 to 2025-06-30

Preston Public Library, founded in 2011, is a small nonprofit in the Education sector that reported $262K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $235K left a modest 10% surplus.

Mission

To serve as a center of information and learning for the town of Preston by offering free access to materials and services that present diverse points of view. The Preston Public Library seeks to provide cultural, educational, and recreational opportunities for the residents of Preston and surrounding communities.

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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 $260,059

Program Service Revenue $401

Investment Income $635

Other Revenue $861

TOTAL REVENUE $261,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,225

Fundraising Expenses $0

Program Expenses $235,404

Other Expenses $83,179

TOTAL EXPENSES $235,404

Year-over-Year Comparison

	2024	2023	Change
Revenue	$261,956	$276,055	-0.1%
Expenses	$235,404	$284,751	-0.2%
Net Income	$26,552	$-8,696	-4.1%

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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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

$73,677

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diane Deedy	Director	7.00	Officer	$73,677	$0	$73,677
Edith Sowa	Trustee	7.00	Director	$0	$0	$0
Kelly Ennis-Davis	VP & Secretary	7.00	Officer Director	$0	$0	$0
Jennifer Hollstein	Trustee	7.00	Director	$0	$0	$0
Kate Allingham	President/Treas	7.00	Officer 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
2025	$261,956	$235,404	$98,701	$26,552
2024	No data	No data	No data	No data
2023	$261,334	$266,430	$36,776	$-5,096
2022	$222,649	$233,790	$41,774	$-11,141

Preston Public Library