WORCESTER COUNTY LIBRARY FOUNDATION INC (EIN 202766558) - 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

Phone

4106322600

Tax Period

2024-01-01 to 2024-12-31

WORCESTER COUNTY LIBRARY FOUNDATION INC, founded in 2005, is a micro nonprofit in the Education sector that reported $20K in total revenue in fiscal year 2024. The organization ran a surplus of $8K, a strong 42% operating margin.

Mission

THE WORCESTER COUNTY LIBRARY FOUNDATION, INC. EXISTS TO SUPPORT AND ENHANCE LIBRARY SERVICE IN WORCESTER COUNTY.

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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 $18,010

Program Service Revenue $0

Investment Income $0

Other Revenue $1,977

TOTAL REVENUE $19,987

Expense Breakdown

Grants Paid $4,900

Salaries & Benefits $100

Fundraising Expenses $0

Program Expenses $8,982

Other Expenses $6,674

TOTAL EXPENSES $11,674

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,987	$19,513	+0.0%
Expenses	$11,674	$10,216	+0.1%
Net Income	$8,313	$9,297	-0.1%

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

Employees

N/A

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
CAROL ROSE	BOARD MEMBER	Director	$0	$0	$0
MICHELLE HICKMAN	BOARD MEMBER	Director	$0	$0	$0
TERRI WESTCOTT	BOARD MEMBER	Director	$0	$0	$0
DONNA MAIN	BOARD MEMBER	Director	$0	$0	$0
BETSY WILLIAMS	BOARD MEMBER	Director	$0	$0	$0
LIZ MUMFORD	BOARD MEMBER	Director	$0	$0	$0
NANCY HICKMAN	BOARD MEMBER	Director	$0	$0	$0
CAROLINE BLOXOM	BOARD MEMBER	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	$19,987	$11,674	$202,392	$8,313
2023	$19,513	$10,216	$194,079	$9,297
2022	$11,416	$8,920	$184,782	$2,496
2021	$34,292	$4,355	$182,286	$29,937
2020	$10,393	$12,928	$152,349	$-2,535
2019	$20,422	$20,206	$154,884	$216
2018	$56,834	$140,390	$154,668	$-83,556

WORCESTER COUNTY LIBRARY FOUNDATION INC