Richmond Memorial Library Association Inc (EIN 066056067) - 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

Richard Storrs

Phone

8602956210

Tax Period

2022-07-01 to 2023-06-30

Richmond Memorial Library Association Inc, founded in 1924, is a small nonprofit in the Education sector that reported $453K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Library services for the Town of Marlborough

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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 (2022)

Revenue Breakdown

Contributions & Grants $446,471

Program Service Revenue $2,116

Investment Income $4,572

Other Revenue $0

TOTAL REVENUE $453,159

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $314,832

Fundraising Expenses $5,109

Program Expenses $420,652

Other Expenses $144,406

TOTAL EXPENSES $464,238

Year-over-Year Comparison

	2022	2021	Change
Revenue	$453,159	$407,500	+0.1%
Expenses	$464,238	$388,960	+0.2%
Net Income	$-11,079	$18,540	-1.6%

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

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

$95,476

Total Directors

$95,476

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aubrey Muscaro	Library Director	50.00	Officer Director	$76,658	$18,818	$95,476
Richard Storrs	President	5.00	Officer Director	$0	$0	$0
Sarah McGuire	Vice President	1.00	Officer Director	$0	$0	$0
Laura Feliciano	Recording Secretary	2.00	Officer Director Key Emp	$0	$0	$0
Patti Maroney	Corr. Secretary	1.00	Officer Director	$0	$0	$0
Chris Nardone	Treasurer	3.00	Officer Director	$0	$0	$0
N/A	Member At Large	1.00	Director	$0	$0	$0
Laura Gutt	Member At Large	1.00	Director	$0	$0	$0
Helen Malinka	Member At Large	1.00	Director	$0	$0	$0
Pam Thompson	Member At Large	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$453,159	$464,238	$532,856	$-11,079
2022	$407,500	$388,960	$523,123	$18,540
2021	$369,261	$349,166	$537,457	$20,095
2020	$386,965	$401,407	$477,202	$-14,442
2019	$399,190	$378,431	$479,436	$20,759

Richmond Memorial Library Association Inc