WORCESTER PUBLIC LIBRARY FOUNDATION (EIN 200066770) - 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

2003

Legal Domicile

Principal Officer

CHRISTINE MURRAY

Phone

5087991656

Tax Period

2024-07-01 to 2025-06-30

WORCESTER PUBLIC LIBRARY FOUNDATION, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $411K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $520K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO FOSTER AND PROMOTE THE PUBLIC VISIBILITY OF THE WORCESTER PUBLIC LIBRARY, ALL ITS FACILITIES AND SERVICES; TO BUILD AN ENDOWMENT BY STIMULATING AND ENCOURAGING CONTRIBUTIONS TO THE LIBRARY ESPECIALLY THROUGH GIFTS, GRANTS, AND BEQUESTS; TO FUND SPECIAL AND CAPITAL PROJECTS; TO SOLICIT, COLLECT, RECEIVE, AND ADMINISTER FUNDS EXCLUSIVELY TO BENEFIT THE LIBRARY.

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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 $330,670

Program Service Revenue $0

Investment Income $81,984

Other Revenue $-1,951

TOTAL REVENUE $410,703

Expense Breakdown

Grants Paid $325,637

Salaries & Benefits $147,821

Fundraising Expenses $83,493

Program Expenses $382,137

Other Expenses $46,743

TOTAL EXPENSES $520,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,703	$370,266	+0.1%
Expenses	$520,201	$314,761	+0.7%
Net Income	$-109,498	$55,505	-3.0%

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

$104,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIVIANA M ABREU-HERNANDEZ PHD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANNE LANG	TRUSTEE	2.00	Director	$0	$0	$0
DORYL ROURKE	TRUSTEE	2.00	Director	$0	$0	$0
LISA MALO	TRUSTEE	2.00	Director	$0	$0	$0
KERRY MULCAHY	TRUSTEE	2.00	Director	$0	$0	$0
DOMENICA PERRONE	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW FOSTER	TRUSTEE	2.00	Director	$0	$0	$0
DIANE GIAMPA	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM TARZIA	TREASURER	2.00	Officer Director	$0	$0	$0
AKOSUA AGYEPONG	TRUSTEE	2.00	Director	$0	$0	$0
MATT TILLO	TRUSTEE	2.00	Director	$0	$0	$0
BRENDAN HANNEN	TRUSTEE	2.00	Director	$0	$0	$0
DR DEBORAH L GONZALEZ	TRUSTEE	2.00	Director	$0	$0	$0
ANISSA ZABRISKIE	TRUSTEE	2.00	Director	$0	$0	$0
ERIN HARPER	TRUSTEE	2.00	Director	$0	$0	$0
SUE HUNT	PRESIDENT	2.00	Officer Director	$0	$0	$0
ELIZABETH MCTIGUE	TRUSTEE	2.00	Director	$0	$0	$0
TAYLOR NUNEZ MURRAY	TRUSTEE	2.00	Director	$0	$0	$0
EURAYSHIA WILLIAMS REED	TRUSTEE	2.00	Director	$0	$0	$0
JOE BRADLEE	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE M MURRAY	EXECUTIVE DIRECTOR/CLERK	37.00	Officer	$93,205	$10,833	$104,038

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	$410,703	$520,201	$2,248,172	$-109,498
2024	$370,266	$314,761	$2,252,330	$55,505
2023	$356,486	$211,774	$2,125,432	$144,712
2022	$361,922	$324,687	$1,927,812	$37,235
2021	$265,350	$1,201,168	$2,017,490	$-935,818
2020	$3,863,399	$2,190,586	$2,880,366	$1,672,813
2019	$973,151	$229,931	$1,377,647	$743,220
2018	$173,741	$283,883	$433,066	$-110,142

WORCESTER PUBLIC LIBRARY FOUNDATION