WORCESTER FREE LIBRARY (EIN 141547364) - 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

1909

Legal Domicile

Phone

6073977309

Tax Period

2023-01-01 to 2023-12-31

WORCESTER FREE LIBRARY, founded in 1909, is a small nonprofit in the Education sector that reported $292K in total revenue in fiscal year 2023. Revenue surged 275% from the prior year, signaling strong growth momentum. The organization ran a surplus of $186K, a strong 64% operating margin.

Mission

Public Library

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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 $280,452

Program Service Revenue $11,180

Investment Income $0

Other Revenue $0

TOTAL REVENUE $291,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,609

Fundraising Expenses $0

Program Expenses $71,931

Other Expenses $59,999

TOTAL EXPENSES $105,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$291,632	$77,741	+2.8%
Expenses	$105,608	$88,329	+0.2%
Net Income	$186,024	$-10,588	-18.6%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Hamil	Trustee	1.00	Director	$0	$0	$0
Jo-Ann Scheiner	Trustee	2.00	Director	$0	$0	$0
Christina Odell	Trustee	1.00	Director	$0	$0	$0
Diane Addesso	President	7.00	Officer	$0	$0	$0
John Tauzel	Vice President	2.00	Officer	$0	$0	$0
Christy Deitchman	Secretary	2.00	Officer	$0	$0	$0
Sandra Kenyon	Treasurer	5.00	Officer	$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	$291,632	$105,608	$1,032,168	$186,024
2022	$77,741	$88,329	$846,144	$-10,588
2021	$62,435	$73,256	$856,732	$-10,821
2020	$73,787	$103,388	$867,553	$-29,601
2019	$190,020	$82,136	$897,286	$107,884
2018	$316,373	$65,846	$789,271	$250,527

WORCESTER FREE LIBRARY