THE SEWAREN FREE PUBLIC LIBRARY INCORPORATED (EIN 222210116) - 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

1995

Legal Domicile

Principal Officer

BELINDA KERCHNER

Phone

7326347571

Tax Period

2022-07-01 to 2023-06-30

THE SEWAREN FREE PUBLIC LIBRARY INCORPORATED, founded in 1995, is a micro nonprofit in the Education sector that reported $23K in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. Expenses of $59K exceeded revenue, resulting in a 159% operating deficit.

Mission

FREE PUBLIC 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 (2022)

Revenue Breakdown

Contributions & Grants $22,613

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $22,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,655

Fundraising Expenses $0

Program Expenses $58,512

Other Expenses $18,857

TOTAL EXPENSES $58,512

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,619	$24,788	-0.1%
Expenses	$58,512	$33,022	+0.8%
Net Income	$-35,893	$-8,234	+3.4%

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

N/A

Employees

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
BELINDA KERCHNER	PRESIDENT	005.00	Officer	$0	$0	$0
TAYLOR DULIN	SECRETARY	005.00	Officer	$0	$0	$0
CHEYANNE KERCHNER	TREASURER	005.00	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
2024	No data	No data	No data	No data
2023	$22,619	$58,512	$35,299	$-35,893
2022	$24,788	$33,022	$71,122	$-8,234
2021	$42,666	$8,612	$78,597	$34,054
2020	$42,470	$30,844	$44,543	$11,626
2019	$22,354	$23,540	$33,485	$-1,186

THE SEWAREN FREE PUBLIC LIBRARY INCORPORATED