FAIRMOUNT COMMUNITY LIBRARY ASSOCIATION (EIN 150624570) - 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

1956

Legal Domicile

Principal Officer

BRENDA SHEA

Phone

3154878933

Tax Period

2023-01-01 to 2023-12-31

FAIRMOUNT COMMUNITY LIBRARY ASSOCIATION, founded in 1956, is a small nonprofit in the Education sector that reported $575K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $212K, a strong 37% operating margin.

Mission

THE MISSION OF THE FAIRMOUNT COMMUNITY LIBRARY IS TO PROVIDE MATERIALS AND SERVICES TO HELP COMMUNITY RESIDENTS OBTAIN INFORMATION MEETING THEIR PERSONAL, EDUCATIONAL AND PROFESSIONAL NEEDS. IN ADDITION THE LIBRARY SEEKS TO SUPPORT AND ENCOURAGE READERS OFR ALL AGES TO DEVELOP THEIR INTEREST IN READING AND TO RESPOND TO THE CHANGING NATURE OF 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 $568,330

Program Service Revenue $0

Investment Income $994

Other Revenue $6,139

TOTAL REVENUE $575,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,821

Fundraising Expenses $0

Program Expenses $326,117

Other Expenses $111,915

TOTAL EXPENSES $363,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$575,463	$378,814	+0.5%
Expenses	$363,736	$401,661	-0.1%
Net Income	$211,727	$-22,847	-10.3%

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
LAURIE CLARK	Trustee	0.25	Director	$0	$0	$0
MIKE RANIERI	Vice President	0.25	Officer Director	$0	$0	$0
RACHEL KING GIBSON	Secretary	0.25	Officer Director	$0	$0	$0
MARY CLIFTON	Treasurer	0.25	Officer Director	$0	$0	$0
BRENDA SHEA	Executive Dir.	30.00	Officer Director	$0	$0	$0
ALISON EARL	Trustee	0.25	Director	$0	$0	$0
JENNIFER GRANT	Trustee	0.25	Director	$0	$0	$0
CAROL CHARBONEAU	Trustee	0.25	Director	$0	$0	$0
BECKY PONZA	President	0.25	Officer Director	$0	$0	$0
NATALIE HEMPSON ELLIOTT	Trustee	0.25	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	$575,463	$363,736	$652,997	$211,727
2022	$378,814	$401,661	$441,271	$-22,847
2021	$418,229	$361,227	$464,120	$57,002
2020	$358,793	$391,724	$451,536	$-32,931
2019	$356,012	$371,881	$440,046	$-15,869
2018	$352,930	$324,472	$455,915	$28,458

FAIRMOUNT COMMUNITY LIBRARY ASSOCIATION