COHASSET LIBRARY TRUST INC

EIN: 205972912 501(c)(3) Education

COHASSET, MA

Total Revenue
$227,797
Total Expenses
$80,555
Total Assets
$1,992,804
Net Assets
$1,992,804
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MA
Principal Officer
TREASURER
Phone
7813834102
Tax Period
2023-07-01 to 2024-06-30

COHASSET LIBRARY TRUST INC, founded in 2006, is a small nonprofit in the Education sector that reported $228K in total revenue in fiscal year 2023. The organization ran a surplus of $147K, a strong 65% operating margin.

Mission

To manage the endowment of Paul Pratt Library of Cohasset, MA to maintain and grow the endowment fund to provide annual funding for facility improvements and learning and recreational resources.

Program Service Accomplishments

Program 1
Expenses: $75,125 Revenue: $111,077

Funds advanced to the Paul Pratt Library of Cohasset to sustain the quality of services for the citizens of Cohasset

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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 (2023)

Revenue Breakdown

Contributions & Grants $111,077
Program Service Revenue $0
Investment Income $116,720
Other Revenue $0
TOTAL REVENUE $227,797

Expense Breakdown

Grants Paid $75,125
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $75,125
Other Expenses $5,430
TOTAL EXPENSES $80,555

Year-over-Year Comparison

2023 2022 Change
Revenue $227,797 $224,728 +0.0%
Expenses $80,555 $80,874 0.0%
Net Income $147,242 $143,854 +0.0%
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

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Governance

Voting Members
12
Independent Members
11
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
1
$108,771
Total Directors
12
$108,771
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA COLE Treasurer 2.00
Officer Director
$0 $0 $108,771
TOM LITTAUER President 0.50
Director
$0 $0 $0
MARK TOOMEY Director 0.50
Director
$0 $0 $0
WOODWORTH CHITTICK Director 0.50
Director
$0 $0 $0
CATHERINE HARVEY Trustee 0.50
Director
$0 $0 $0
BRET REGAN Director 0.50
Director
$0 $0 $0
JOY SCHIFFMANN Director 0.50
Director
$0 $0 $0
JON STAVIS Director 0.50
Director
$0 $0 $0
DEREK HAYDEN Director 0.50
Director
$0 $0 $0
BROOK JEWELL Trustee 0.50
Director
$0 $0 $0
ANNIE KETCHEN Director 0.50
Director
$0 $0 $0
CINDY MATHEISON 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
2025 No data No data No data No data
2024 $227,797 $80,555 $1,992,804 $147,242
2023 $224,728 $80,874 $1,845,562 $143,854
2022 $215,521 $76,469 $1,701,708 $139,052
2021 $79,034 $70,278 $1,688,262 $8,756
2019 $90,951 $67,662 $1,663,245 $23,289
2018 $96,021 $66,054 $1,639,956 $29,967
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