AVON FREE LIBRARY (EIN 166002904) - 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

1914

Legal Domicile

Principal Officer

DAVID STAFFORD

Phone

5852268641

Tax Period

2024-01-01 to 2024-12-31

AVON FREE LIBRARY, founded in 1914, is a small nonprofit that reported $670K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $355K, a strong 53% operating margin.

Mission

TO SERVE RESIDENTS AND VISITORS OF ALL AGES, PROVIDING THEM WITH CURRENT RESOURCES, PROGRAMS AND SERVICES TO MEET THEIR NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $634,251

Program Service Revenue $2,316

Investment Income $33,577

Other Revenue $0

TOTAL REVENUE $670,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,299

Fundraising Expenses $0

Program Expenses $256,728

Other Expenses $110,261

TOTAL EXPENSES $315,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$670,144	$762,476	-0.1%
Expenses	$315,560	$278,745	+0.1%
Net Income	$354,584	$483,731	-0.3%

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

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
HELEN ZAMBONI	PRESIDENT	1.00	Officer Director	$0	$0	$0
BECKY STEWART	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE COPE	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID STAFFORD	TREASURER	1.00	Officer Director	$0	$0	$0
MAUREEN WHEELER	TRUSTEE	1.00	Director	$0	$0	$0
JOSH TONRA	TRUSTEE	1.00	Director	$0	$0	$0
SARAGRACE FRIDAY	TRUSTEE	1.00	Director	$0	$0	$0
JANIS COLE	TRUSTEE	1.00	Director	$0	$0	$0
JODI DECARLO	TRUSTEE	1.00	Director	$0	$0	$0
DEB COOPER	TRUSTEE	1.00	Director	$0	$0	$0
CHERYL MACPHERSON	TRUSTEE	1.00	Director	$0	$0	$0
RYAN SPALL	TRUSTEE	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	$670,144	$315,560	$1,824,529	$354,584
2023	$762,476	$278,745	$1,469,945	$483,731
2022	$336,777	$355,891	$986,214	$-19,114
2021	$255,543	$452,644	$1,005,328	$-197,101
2020	$293,134	$228,317	$1,397,552	$64,817
2019	$629,022	$370,158	$1,397,580	$258,864
2018	$296,858	$236,948	$1,138,716	$59,910

AVON FREE LIBRARY