CANTON FREE LIBRARY (EIN 150545824) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

EMILY OWEN HASTINGS

Phone

3153863712

Tax Period

2023-01-01 to 2023-12-31

CANTON FREE LIBRARY, founded in 2003, is a small nonprofit in the Education sector that reported $671K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $627K left a modest 7% surplus.

Mission

OPERATION OF A FREE PUBLIC LIBRARY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $199,219

Program Service Revenue $420,009

Investment Income $42,325

Other Revenue $9,853

TOTAL REVENUE $671,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $418,201

Fundraising Expenses $309

Program Expenses $542,906

Other Expenses $208,941

TOTAL EXPENSES $627,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$671,406	$562,629	+0.2%
Expenses	$627,142	$525,906	+0.2%
Net Income	$44,264	$36,723	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$57,671

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY OWEN HASTINGS	LIBRARY DIRE	40.00	Officer	$55,991	$1,680	$57,671
CHELSEA CHASE	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
MARIANNA LOCKE	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
DENNIS MORREALE	TRUSTEE	1.00	Director	$0	$0	$0
ROSEMARY PHILIPS	SECRETARY	2.00	Officer Director	$0	$0	$0
DOREEN RADWAY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SHELLY SANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
LINDA SMITH	TRUSTEE	1.00	Director	$0	$0	$0
GINGER TEBO	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALI ZAIDI	TRUSTEE/DIRE	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	No data	No data	No data	No data
2023	$671,406	$627,142	$3,220,329	$44,264
2022	$562,629	$525,906	$3,189,468	$36,723
2021	$474,778	$520,255	$3,514,233	$-45,477
2020	$475,000	$455,216	$3,189,509	$19,784
2019	$477,563	$481,844	$3,018,327	$-4,281
2018	$500,418	$456,602	$2,650,508	$43,816

CANTON FREE LIBRARY