MINUTEMAN LIBRARY NETWORK INC

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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

1983

Legal Domicile

Principal Officer

PHILIP MCNULTY

Phone

5086558008

Tax Period

2024-07-01 to 2025-06-30

MINUTEMAN LIBRARY NETWORK INC, founded in 1983, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024.

Mission

BETTER SERVICE IN LIBRARY COMMUNICATION THROUGH COMPUTER TECHNOLOGY. THE ORGANIZATION SUPPORTS SEVERAL TOWN AND COLLEGE MEMBER LIBRARIES.

Program Service Accomplishments

Program 1

Expenses: $4,111,150 Revenue: $3,338,056

BETTER SERVICE IN LIBRARY COMMUNICATION THROUGH COMPUTER TECHNOLOGY. THE ORGANIZATION SUPPORTS SEVERAL TOWN AND COLLEGE MEMBER LIBRARIES.

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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 $741,533

Program Service Revenue $2,115,396

Investment Income $63,567

Other Revenue $1,222,660

TOTAL REVENUE $4,143,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,606,871

Fundraising Expenses $0

Program Expenses $4,111,150

Other Expenses $2,541,411

TOTAL EXPENSES $4,148,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,143,156	$4,178,317	0.0%
Expenses	$4,148,282	$4,323,601	0.0%
Net Income	$-5,126	$-145,284	-1.0%

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

Governance

Voting Members

Independent Members

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

$261,621

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN MAGUIRE	TREASURER	2.00	Director	$0	$0	$0
RICHARD CALLAGHAN	PAST PRESIDENT	2.00	Director	$0	$0	$0
TINA MCANDREW	DIRECTOR	2.00	Director	$0	$0	$0
CATHY PIANTIGINI	VICE PRESIDENT	2.00	Director	$0	$0	$0
JILL MERCURIO	PRESIDENT	2.00	Officer Director	$0	$0	$0
CLAYTON CHEEVER	DIRECTOR	2.00	Director	$0	$0	$0
JULIE MCBRIEN	DIRECTOR	2.00	Director	$0	$0	$0
PHILIP MCNULTY	EXECUTIVE DIRECTOR	37.50	Officer	$153,022	$0	$153,022
RUTH SOUTO	SECRETARY	37.50	Officer	$108,599	$0	$108,599

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	$4,143,156	$4,148,282	$2,122,318	$-5,126
2024	$4,178,317	$4,323,601	$2,190,434	$-145,284
2023	$4,058,457	$3,966,780	$2,423,916	$91,677
2022	$3,558,708	$3,639,418	$1,897,747	$-80,710
2021	$3,267,619	$3,350,875	$2,020,330	$-83,256