THE HANSON PUBLIC LIBRARY FOUNDATION INC

EIN: 204643321 501(c)(3) Education

HANSON, MA

Total Revenue
$73,586
Total Expenses
$31,893
Total Assets
$653,914
Net Assets
$653,914
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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
2006
Legal Domicile
MA
Principal Officer
TERESA SANTALUCIA
Phone
7812932151
Tax Period
2024-01-01 to 2024-12-31

THE HANSON PUBLIC LIBRARY FOUNDATION INC, founded in 2006, is a micro nonprofit in the Education sector that reported $74K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 57% operating margin.

Mission

TO HELP THE HANSON PUBLIC LIBRARY REACH A HIGHER STANDARD OF EXCELLENCE BY ENHANCING LIBRARY SERVICES AND SUPPLEMENTING FUNDS RECEIVED FROM PUBLIC SOURCES WITH PRIVATE FINANCIAL SUPPORT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,370
Program Service Revenue $0
Investment Income $35,867
Other Revenue $11,349
TOTAL REVENUE $73,586

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $29,797
Other Expenses $31,893
TOTAL EXPENSES $31,893

Year-over-Year Comparison

2024 2023 Change
Revenue $73,586 $49,808 +0.5%
Expenses $31,893 $26,152 +0.2%
Net Income $41,693 $23,656 +0.8%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA WALL TREASURER 3.00
Officer Director
$0 $0 $0
DIANNA MCDEVITT CLERK 3.00
Officer Director
$0 $0 $0
CORINNE CAFARDO DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER HICKEY ASSISTANT CLERK 3.00
Officer Director
$0 $0 $0
TERESA SANTALUCIA PRESIDENT 3.00
Officer Director
$0 $0 $0
JOHN PAPP DIRECTOR 1.00
Director
$0 $0 $0
JOANNE RICCA DIRECTOR 1.00
Director
$0 $0 $0
JEAN DEAN DIRECTOR 1.00
Director
$0 $0 $0
MARY JACKSON DIRECTOR 1.00
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 $73,586 $31,893 $653,914 $41,693
2023 $49,808 $26,152 $575,427 $23,656
2022 $21,341 $10,453 $511,427 $10,888
2021 $30,172 $4,723 $556,816 $25,449
2020 $23,551 $3,887 $523,384 $19,664
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