PAINE MEMORIAL FREE LIBRARY (EIN 141407061) - 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

1954

Legal Domicile

Principal Officer

ELIZABETH ROGERS

Phone

5189634478

Tax Period

2024-01-01 to 2024-12-31

PAINE MEMORIAL FREE LIBRARY, founded in 1954, is a small nonprofit that reported $303K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 46% operating margin.

Mission

THE ORGANIZATION PROVIDES LIBRARY SERVICES TO WILLSBORO CSD; OFFERS A VARIETY OF PRESCHOOL AND CHILDREN'S LEARNING PROGRAMS; PROVIDES CAREER INFORMATION AND ADULT LITERACY PROGRAMS; AND OFFERS OTHER COMMUNITY EDUCATION PROGRAMS.

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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 $138,371

Program Service Revenue $652

Investment Income $164,428

Other Revenue $0

TOTAL REVENUE $303,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,867

Fundraising Expenses $416

Program Expenses $154,208

Other Expenses $85,557

TOTAL EXPENSES $164,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,451	$221,307	+0.4%
Expenses	$164,424	$166,513	0.0%
Net Income	$139,027	$54,794	+1.5%

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

N/A

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

$32,584

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA MOSS	LIBRARY DIRE	40.00	Director	$31,628	$956	$32,584
RACHEL BUDIN	TRUSTEE	0.00	Director	$0	$0	$0
TERESA CUMMINGS	TREASURER	0.00	Officer Director	$0	$0	$0
LEA PAINE HIGHET	TRUSTEE	0.00	Director	$0	$0	$0
MARY KRUKIEL	TRUSTEE	0.00	Director	$0	$0	$0
HERB LONGWARE	TRUSTEE	0.00	Director	$0	$0	$0
PATTY PAINE	TRUSTEE EMER	0.00	Director	$0	$0	$0
DICK PEREZ	TRUSTEE	0.00	Director	$0	$0	$0
ANDREA ROBARE	TRUSTEE	0.00	Director	$0	$0	$0
ELIZABETH ROGERS	PRESIDENT	0.00	Officer Director	$0	$0	$0
JOLENE SAYWARD	TRUSTEE	0.00	Director	$0	$0	$0
TARA VALACHOVIC	TRUSTEE	0.00	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	$303,451	$164,424	$3,367,543	$139,027
2023	$221,307	$166,513	$3,017,931	$54,794
2022	$311,063	$148,748	$2,654,010	$162,315
2021	$309,178	$174,791	$2,906,342	$134,387
2020	$219,654	$160,061	$2,543,273	$59,593
2019	$292,553	$150,462	$2,328,738	$142,091
2018	$261,261	$149,729	$1,841,176	$111,532

PAINE MEMORIAL FREE LIBRARY