JOHN JERMAIN MEMORIAL LIBRARY

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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

1910

Legal Domicile

Phone

6317250049

Tax Period

2024-01-01 to 2024-12-31

JOHN JERMAIN MEMORIAL LIBRARY, founded in 1910, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 8% surplus.

Mission

TO PROVIDE QUALITY MATERIALS AND SERVICES, WHICH FULFILL THE EDUCATIONAL, INFORMATIONAL, CULTURAL AND RECREATIONAL NEEDS OF THE ENTIRE COMMUNITY IN AN ATMOSPHERE THAT IS WELCOMING AND RESPECTFUL.

Program Service Accomplishments

Program 1

Expenses: $2,801,428

COMMUNITY LIBRARY SERVICES.

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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 $3,487,733

Program Service Revenue $6,016

Investment Income $64,761

Other Revenue $0

TOTAL REVENUE $3,558,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,837,131

Fundraising Expenses $0

Program Expenses $2,801,428

Other Expenses $1,444,742

TOTAL EXPENSES $3,281,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,558,510	$3,262,990	+0.1%
Expenses	$3,281,873	$3,194,562	+0.0%
Net Income	$276,637	$68,428	+3.0%

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
KELLY A HARRIS	DIRECTOR	35.00		$167,656	$34,113	$201,769
MEGAN CURREN SCHMIDT	Trustee	1.00	Director	$0	$0	$0
ANN SUTPHEN	Trustee	1.00	Director	$0	$0	$0
LISA FRISICANO	Secretary	1.00	Officer Director	$0	$0	$0
DIANE DEGER	President	1.00	Officer Director	$0	$0	$0
ELLIOTT SROKA	Treasurer	1.00	Officer Director	$0	$0	$0
MICHAEL GARABEDIAN	Vice President	1.00	Officer Director	$0	$0	$0
DAN GLASS	Trustee	1.00	Director	$0	$0	$0
ROBYN OBLER	Trustee	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
2024	$3,558,510	$3,281,873	$20,573,912	$276,637
2023	$3,262,990	$3,194,562	$20,816,124	$68,428
2022	$3,104,381	$2,761,581	$21,285,151	$342,800
2021	$2,987,471	$2,709,042	$21,458,503	$278,429
2020	$2,972,110	$2,572,567	$21,779,904	$399,543
2019	$3,247,584	$2,666,423	$21,951,821	$581,161
2018	$2,918,378	$2,442,426	$21,914,533	$475,952