HOAG LIBRARY OF THE SWAN LIBRARY A… - Form 990 Financial Data

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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

1900

Legal Domicile

Principal Officer

BETTY SUE MILLER

Phone

5855894246

Tax Period

2025-01-01 to 2025-12-31

HOAG LIBRARY OF THE SWAN LIBRARY ASSOCIATION, founded in 1900, is a small nonprofit in the Education sector that reported $737K in total revenue in fiscal year 2025. Expenses of $856K exceeded revenue, resulting in a 16% operating deficit.

Mission

HOAG LIBRARY ENRICHES AND EMPOWERS THE PEOPLE OF ITS COMMUNITY BY PROMOTING ACCESS TO IDEAS AND INFORMATION AND BY SUPPORTING LIFELONG LEARNING AND LOVE OF READING. THE LIBRARY PROVIDES RELEVANT MATERIALS, ENSURES EQUAL ACCESS TO INFORMATION SERVICES, AND PROMOTES CULTURAL AND LEARNING EXPERIENCES THROUGH PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $674,513 Revenue: $11,145

CIRCULATE BOOKS AND OTHER LIBRARY MATERIALS, HOLD CHILD AND ADULT PROGRAMS TO ENCOURAGE READING AND RESEARCH.

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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 (2025)

Revenue Breakdown

Contributions & Grants $719,101

Program Service Revenue $11,145

Investment Income $7,049

Other Revenue $0

TOTAL REVENUE $737,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $434,710

Fundraising Expenses $0

Program Expenses $674,513

Other Expenses $420,874

TOTAL EXPENSES $855,584

Year-over-Year Comparison

	2025	2024	Change
Revenue	$737,295	$747,816	0.0%
Expenses	$855,584	$798,017	+0.1%
Net Income	$-118,289	$-50,201	+1.4%

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

$76,590

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA WELLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY WITKOP	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAWN SQUICCIARINI	SECRETARY	1.00	Officer Director	$0	$0	$0
RACHEL HICKS	TREASURER	1.00	Officer Director	$0	$0	$0
JIM BABCOCK	TRUSTEE	1.00	Director	$0	$0	$0
CAROLE PATTERSON	TRUSTEE	1.00	Director	$0	$0	$0
ALLYSON DEBOARD	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA WALTER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN DOHERTY	TRUSTEE	1.00	Director	$0	$0	$0
BETTY SUE MILLER	EXECUTIVE DIRECTOR	40.00	Officer	$76,590	$0	$76,590

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	$737,295	$855,584	$3,920,878	$-118,289
2024	$747,816	$798,017	$4,034,782	$-50,201
2023	$714,414	$804,798	$4,082,796	$-90,384
2022	$694,913	$734,803	$4,177,033	$-39,890
2021	$976,592	$782,384	$4,195,774	$194,208
2020	$765,807	$774,793	$4,243,448	$-8,986
2019	$885,410	$772,152	$4,319,607	$113,258
2018	$1,059,110	$727,245	$4,416,104	$331,865

HOAG LIBRARY OF THE SWAN LIBRARY ASSOCIATION