LEE-WHEDON MEMORIAL LIBRARY

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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

1928

Legal Domicile

Phone

5857983430

Tax Period

2024-07-01 to 2025-06-30

LEE-WHEDON MEMORIAL LIBRARY, founded in 1928, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $635K, a strong 42% operating margin.

Mission

It is the mission of the Lee-Whedon Memorial Library to encourage, promote, and support the personal growth, creativity, and literacy learning of the members of our community.

Program Service Accomplishments

Program 1

Expenses: $109,067 Revenue: $21,573

One of the main objectives of our library organization is to assist patrons with their desire to gain knowledge and enhance learning through the use of books, magazines, audio visual and reference...

One of the main objectives of our library organization is to assist patrons with their desire to gain knowledge and enhance learning through the use of books, magazines, audio visual and reference materials, computer classes, and a wide variety of programming. We therefore need to maintain our collection, keep our computers running efficiently, and provide educational programming to patrons of all ages.

Program 2

Expenses: $469,440 Revenue: $0

It is important to have a well trained staff to manage daily activities, offer reference services, assist patrons with computer applications, and provide valuable programs for children, teens, and...

It is important to have a well trained staff to manage daily activities, offer reference services, assist patrons with computer applications, and provide valuable programs for children, teens, and adults. To better serve our community, it is necessary that our staff maintain memberships with library organizations. Proper training at various facilities throughout the state is beneficial for our growth and that of our patrons.

Program 3

Expenses: $115,031 Revenue: $0

It is necessary to keep a well-maintained building, taking care of repairs when necessary, and hiring contractors as needed for snow removal, lawncare, and various custodial contracts. Keeping the...

It is necessary to keep a well-maintained building, taking care of repairs when necessary, and hiring contractors as needed for snow removal, lawncare, and various custodial contracts. Keeping the office stocked with proper office supplies for the functionality of our business is also a necessity. The library was able to purchase a building adjacent to us for future growth and expansion.

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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 $763,304

Program Service Revenue $132,170

Investment Income $13,550

Other Revenue $616,839

TOTAL REVENUE $1,525,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $469,440

Fundraising Expenses $0

Program Expenses $891,348

Other Expenses $421,908

TOTAL EXPENSES $891,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,525,863	$652,233	+1.3%
Expenses	$891,348	$694,190	+0.3%
Net Income	$634,515	$-41,957	-16.1%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
David Schwert	Trustee	Director	$0	$0	$0
Stephen O'Dea	Trustee	Director	$0	$0	$0
Cynthia Kiebala	President	Director	$0	$0	$0
Isabella Mark	Vice-President	Director	$0	$0	$0
Kathleen Boice	Trustee	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
2025	$1,525,863	$891,348	$1,277,925	$634,515
2024	$652,233	$694,190	$643,325	$-41,957
2023	$743,914	$642,437	$685,740	$101,477
2022	$635,580	$731,470	$584,122	$-95,890
2021	$785,729	$856,349	$680,011	$-70,620
2020	$643,114	$611,243	$750,596	$31,871