WEST WARWICK PUBLIC LIBRARY ASSOCI… - Form 990 Financial Data

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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

NATHAN SHAPIRO

Phone

4018283750

Tax Period

2024-01-01 to 2024-12-31

WEST WARWICK PUBLIC LIBRARY ASSOCIATION, founded in 2003, is a micro nonprofit in the Education sector that reported $43K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 66% operating margin.

Mission

TO ASSIST THE WEST WARWICK PUBLIC LIBRARY TO PROVIDE FREE PROGRAMS AND SERVICES FOR THE PUBLIC BY SOLICITING AND/OR RECEIVING AND HOLDING FUNDS FROM DONORS AND MAKING SUCH FUNDS

Program Service Accomplishments

Program 1

Expenses: $13,594 Revenue: $8,010

ANNUAL APPEAL - FUNDS RECEIVED FROM MAIL APPEAL STARTED IN THE SPRING OF 2013 WHICH SOUGHT DONATIONS TO FURTHER ENHANCE THE LIBRARYS BOOK COLLECTION, MEDIA SERVICES, AND PROGRAMS. HELPS ALL 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 $8,010

Program Service Revenue $0

Investment Income $34,502

Other Revenue $0

TOTAL REVENUE $42,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,594

Other Expenses $14,257

TOTAL EXPENSES $14,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,512	$32,591	+0.3%
Expenses	$14,257	$15,612	-0.1%
Net Income	$28,255	$16,979	+0.7%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN SHAPIRO	CHAIRPERSON	0.50	Officer	$0	$0	$0
LINDA GOLDMAN	VICE CHAIRPERSON	0.50	Officer	$0	$0	$0
LEE T RICE	SECRETARY	0.50	Officer	$0	$0	$0
ANDREA PLAZIAK	TREASURER	0.50	Officer	$0	$0	$0
MATTHEW SILVA	DIRECTOR	0.50	Director	$0	$0	$0
JAMES G MITCHELL	DIRECTOR	0.50	Director	$0	$0	$0
COLIN MCCULLOUGH	LIBRARY DIRECTOR	0.50	Director	$0	$0	$0
CHRISTIAN GRUNDEL	DIRECTOR	0.50	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	$42,512	$14,257	$875,434	$28,255
2023	$32,591	$15,612	$830,129	$16,979
2022	$29,303	$5,939	$770,964	$23,364
2021	$111,679	$7,397	$852,955	$104,282
2020	$24,720	$4,165	$732,158	$20,555
2019	$17,085	$7,411	$670,001	$9,674
2018	$77,220	$9,056	$540,600	$68,164

WEST WARWICK PUBLIC LIBRARY ASSOCIATION