FISHERS ISLAND LIBRARY ASSOCIATION (EIN 116003369) - 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

1959

Legal Domicile

Principal Officer

TOM CASHEL

Phone

6317887099

Tax Period

2023-01-01 to 2023-12-31

FISHERS ISLAND LIBRARY ASSOCIATION, founded in 1959, is a small nonprofit in the Education sector that reported $437K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 39% operating margin.

Mission

FISHERS ISLAND LIBRARY ASSOCIATION SERVES THE ISLAND COMMUNITY BY PROVIDING LITERARY, INFORMATIONAL, CULTURAL, AND EDUCATIONAL ENRICHMENT RESOURCES AND PROGRAMS THROUGHOUT THE YEAR AT THE LIBRARY AND OTHER ISLAND VENUES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $296,067

Program Service Revenue $0

Investment Income $140,658

Other Revenue $0

TOTAL REVENUE $436,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,769

Fundraising Expenses $32,640

Program Expenses $180,973

Other Expenses $156,879

TOTAL EXPENSES $266,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$436,725	$270,021	+0.6%
Expenses	$266,648	$276,602	0.0%
Net Income	$170,077	$-6,581	-26.8%

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
CLIFFORD ANDERSON	TRUSTEE	N/A	Director	$0	$0	$0
ALEXANDRA ANDREWS	TRUSTEE	N/A	Director	$0	$0	$0
BETH ARSENAULT	TRUSTEE	N/A	Director	$0	$0	$0
BONNIE BENKARD	TRUSTEE	N/A	Director	$0	$0	$0
ANNE BORLAND	TRUSTEE	N/A	Director	$0	$0	$0
STEPHANIE BRAUN	TRUSTEE	N/A	Director	$0	$0	$0
JON BRITT	PRESIDENT	N/A	Officer Director	$0	$0	$0
TOM CASHEL	TREASURER	N/A	Officer Director	$0	$0	$0
JAMIE COLLINGHAM	TRUSTEE	N/A	Director	$0	$0	$0
BECKY DOOLITTLE	TRUSTEE	N/A	Director	$0	$0	$0
ANNIE DOUHIT	TRUSTEE	N/A	Director	$0	$0	$0
MARY BETH GUIMARAES	TRUSTEE	N/A	Director	$0	$0	$0
BRUCE KINLIN	TRUSTEE	N/A	Director	$0	$0	$0
BRIAN LEUCHTENBURG	TRUSTEE	N/A	Director	$0	$0	$0
ABBY MCCALL	TRUSTEE	N/A	Director	$0	$0	$0
JENNIFER MILLER	TRUSTEE	N/A	Director	$0	$0	$0
GORDON MURPHY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
FRAN ROETHGEN	TRUSTEE	N/A	Director	$0	$0	$0
ELIZABETH WOOLSTON	TRUSTEE	N/A	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	No data	No data	No data	No data
2023	$436,725	$266,648	$1,634,722	$170,077
2022	$270,021	$276,602	$1,475,143	$-6,581
2021	$227,747	$195,771	$1,604,215	$31,976
2020	$193,156	$160,468	$1,501,239	$32,688
2019	$190,617	$176,140	$1,411,174	$14,477
2018	$205,072	$157,766	$1,323,586	$47,306

FISHERS ISLAND LIBRARY ASSOCIATION