FRIENDS OF THE WHATELY LIBRARY (EIN 202592367) - 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

2005

Legal Domicile

Principal Officer

KATHERINE ROSS

Phone

4136652170

Tax Period

2022-07-01 to 2023-06-30

FRIENDS OF THE WHATELY LIBRARY, founded in 2005, is a micro nonprofit in the Education sector that reported $2K in total revenue in fiscal year 2022. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $11K exceeded revenue, resulting in a 631% operating deficit.

Mission

TO MAINTAIN AN ASSOCIATION OF PERSONS INTERESTED IN LIBRARIES; TO FOCUS PUBLIC ATTENTION ON THE LIBRARY; TO STIMULATE THE USE OF THE LIBRARY'S RESOURCES; TO SOLICIT, RECEIVE, AND ENCOURAGE GIFTS, ENDOWMENTS AND BEQUESTS TO THE LIBRARY, TO SUPPORT AND COOPERATE WITH THE LIBRARY IN DEVELOPING LIBRARY SERVICES AND FACILITIES FOR THE COMMUNITY; AND TO SUPPORT THE FREEDOM TO READ AS EXPRESSED IN THE AMERICAN LIBRARY ASSOCIATION BILL OF RIGHTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,521

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $875

Program Expenses $9,913

Other Expenses $11,123

TOTAL EXPENSES $11,123

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,521	$2,879	-0.5%
Expenses	$11,123	$3,146	+2.5%
Net Income	$-9,602	$-267	+35.0%

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

N/A

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
KATHERINE ROSS	TREASURER	N/A	Officer	$0	$0	$0
MARY ELLEN SMITH	PRESIDENT	N/A	Officer	$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
2023	$1,521	$11,123	$2,224	$-9,602
2022	$2,879	$3,146	$11,826	$-267
2021	$438	$2,904	$12,093	$-2,466
2020	$4,183	$4,947	$14,559	$-764
2019	$3,506	$3,301	$15,323	$205

FRIENDS OF THE WHATELY LIBRARY