East Granby Library Association Inc

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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

1976

Legal Domicile

Phone

8606533002

Tax Period

2024-07-01 to 2025-06-30

East Granby Library Association Inc, founded in 1976, is a small nonprofit that reported $371K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $840K represent 27 months of operating reserves.

Mission

To create a welcoming gathering spot that offers materials, services, programs, and cultural events to meet the personal, professional, educational, social, and civic needs of the community.

Program Service Accomplishments

Program 1

Expenses: $233,494 Revenue: $347,770

The library serves approximately 33,000 visitors per year. The library currently contains approximately 35,533 printed volumes with a physical circulation of approximately 34,819 volumes per year.

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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 $347,770

Program Service Revenue $0

Investment Income $23,623

Other Revenue $0

TOTAL REVENUE $371,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,395

Fundraising Expenses $3,147

Program Expenses $233,494

Other Expenses $162,676

TOTAL EXPENSES $364,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$371,393	$327,826	+0.1%
Expenses	$364,071	$333,238	+0.1%
Net Income	$7,322	$-5,412	-2.4%

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

$59,631

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Monique Gerken	Library Director	32.00	Director	$59,631	$0	$59,631
Kerri Cavanaugh	President	3.00	Officer Director	$0	$0	$0
Kate Desimone	Secretary	1.00	Officer Director	$0	$0	$0
Matthew Smith	Vice President	1.00	Officer Director	$0	$0	$0
Jennifer Hecht	Director	1.00	Director	$0	$0	$0
Ginny Grossman	Director	1.00	Director	$0	$0	$0
Joseph Spirko	Treasurer	3.00	Officer Director	$0	$0	$0
Sharon Moson	Director	1.00	Director	$0	$0	$0
Christian Robison	Director	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	$371,393	$364,071	$882,960	$7,322
2024	No data	No data	No data	No data
2023	$342,582	$326,209	$852,701	$16,373
2022	$381,485	$361,385	$799,457	$20,100
2021	$384,895	$302,537	$828,460	$82,358
2020	$291,768	$287,595	$701,843	$4,173
2019	$284,004	$311,029	$637,067	$-27,025
2018	$293,151	$314,928	$673,247	$-21,777