LAMONT MEMORIAL FREE LIBRARY (EIN 150564077) - 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

1906

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

LAMONT MEMORIAL FREE LIBRARY, founded in 1906, is a micro nonprofit in the Education sector that reported $75K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $106K exceeded revenue, resulting in a 43% operating deficit.

Mission

ENHANCE READING OF COMMUNITY

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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 $68,616

Program Service Revenue $9,340

Investment Income $-3,448

Other Revenue $0

TOTAL REVENUE $74,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,661

Fundraising Expenses $0

Program Expenses $64,981

Other Expenses $43,569

TOTAL EXPENSES $106,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,508	$105,190	-0.3%
Expenses	$106,230	$103,325	+0.0%
Net Income	$-31,722	$1,865	-18.0%

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

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
PAGE ANDERSON	BD MEMBER	1.00	Director	$0	$0	$0
ROSAN MOREY	VICE PRESIDENT	1.00	Director	$0	$0	$0
ALLISON FILED	BD MEMBER	1.00	Director	$0	$0	$0
LINDA RICCARDI	BD MEMBER	1.00	Director	$0	$0	$0
MELANIE FIELD	SECRETARY	1.00	Director	$0	$0	$0
MARYALICE GRIFFIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
COLLEEN RYNDERS	TREASURER	1.00	Officer Director	$0	$0	$0
HEATHER COBB	DIRECTOR	30.00	Key Emp	$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	$74,508	$106,230	$549,222	$-31,722
2022	$105,190	$103,325	$580,861	$1,865
2021	$131,239	$96,056	$578,992	$35,183
2020	$102,377	$96,417	$543,815	$5,960
2019	$92,882	$102,445	$537,815	$-9,563
2018	$98,614	$101,824	$547,374	$-3,210

LAMONT MEMORIAL FREE LIBRARY