WAVERLY FREE LIBRARY (EIN 150592911) - 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

1929

Legal Domicile

Principal Officer

DEBORAH SMITH KENNEDY

Phone

6075659341

Tax Period

2023-01-01 to 2023-12-31

WAVERLY FREE LIBRARY, founded in 1929, is a micro nonprofit in the Education sector that reported $44K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $162K exceeded revenue, resulting in a 270% operating deficit.

Mission

TO PROVIDE PATRONS OF ALL AGES WITH A FRIENDLY ATMOSPHERE FOR ACCESS TO VARIOUS CATEGORIES OF MULTIMEDIA MATERIALS AND LIBRARY SERVICES.

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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 $57,195

Program Service Revenue $1,938

Investment Income $-15,339

Other Revenue $32

TOTAL REVENUE $43,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,239

Fundraising Expenses $2,293

Program Expenses $118,238

Other Expenses $78,828

TOTAL EXPENSES $162,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,826	$70,757	-0.4%
Expenses	$162,067	$198,306	-0.2%
Net Income	$-118,241	$-127,549	-0.1%

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

$41,102

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH SMITH KENNEDY	PRESIDENT	9.00	Officer	$0	$0	$0
JOHN KINNEY	TREASURER	2.00	Officer	$0	$0	$0
FRED KENNEDY	BOARD MEMBER	4.00	Director	$0	$0	$0
SARA KITTS	BOARD MEMBER	0.00	Director	$0	$0	$0
JOSHUA KITTS	BOARD MEMBER	0.00	Director	$0	$0	$0
TIFFANY KOVACS	BOARD MEMBER	0.00	Director	$0	$0	$0
REBECCA GRACE	DIRECTOR	40.00	Director	$41,102	$0	$41,102

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	$43,826	$162,067	$575,566	$-118,241
2022	$70,757	$198,306	$612,440	$-127,549
2021	$305,490	$173,382	$872,807	$132,108
2020	$112,968	$160,114	$754,874	$-47,146
2019	$108,510	$187,733	$767,018	$-79,223

WAVERLY FREE LIBRARY