BAGADUCE MUSIC LENDING LIBRARY

EIN: 222537865 501(c)(3) Education

BLUE HILL, ME

Total Revenue
$266,662
Total Expenses
$331,618
Total Assets
$2,887,090
Net Assets
$2,878,812
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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
1982
Legal Domicile
ME
Principal Officer
PARKER JAYNE
Phone
2073745454
Tax Period
2023-01-01 to 2023-12-31

BAGADUCE MUSIC LENDING LIBRARY, founded in 1982, is a small nonprofit in the Education sector that reported $267K in total revenue in fiscal year 2023. Expenses of $332K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO COLLECT, PRESERVE, AND LEND PRINTED MUSIC AND TO PROMOTE APPRECIATION, KNOWLEDGE, AND PERFORMANCE OF MUSIC.

Program Service Accomplishments

Program 1
Expenses: $245,339

THE ORGANIZATION COLLECTS, PRESERVES, AND LENDS PRINTED MUSIC AND PROVIDES MUSIC EDUCATION PROGRAMS.

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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 $136,771
Program Service Revenue $102,622
Investment Income $8,654
Other Revenue $18,615
TOTAL REVENUE $266,662

Expense Breakdown

Grants Paid $0
Salaries & Benefits $142,157
Fundraising Expenses $9,979
Program Expenses $245,339
Other Expenses $189,461
TOTAL EXPENSES $331,618

Year-over-Year Comparison

2023 2022 Change
Revenue $266,662 $277,268 0.0%
Expenses $331,618 $468,895 -0.3%
Net Income $-64,956 $-191,627 -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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Governance

Voting Members
13
Independent Members
13
Employees
3
Volunteers
10

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
5
$72,519
Total Directors
14
$72,519
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PARKER JAYNE PRESIDENT 1.00
Officer Director
$0 $0 $0
HOLLY WOOD VICE PRESIDE 1.00
Officer Director
$0 $0 $0
STAN SPRACKER TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL SINCLAIR SECRETARY 1.00
Officer Director
$0 $0 $0
SARAH J ADAMS DIRECTOR 1.00
Director
$0 $0 $0
CORRINNE COLLETT DIRECTOR 1.00
Director
$0 $0 $0
JOHN ENNIS DIRECTOR 1.00
Director
$0 $0 $0
TIM GARRITY DIRECTOR 1.00
Director
$0 $0 $0
DAVID GAUTSCHI DIRECTOR 1.00
Director
$0 $0 $0
BARBARA KOURAJIAN DIRECTOR 1.00
Director
$0 $0 $0
BROOKE MINNER DIRECTOR 1.00
Director
$0 $0 $0
FIONA SCHUBECK DIRECTOR 1.00
Director
$0 $0 $0
MARK TIPTON DIRECTOR 1.00
Director
$0 $0 $0
ERWIN KONESNI EXECUTIVE DI 40.00
Officer Director
$67,019 $5,500 $72,519
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 $266,662 $331,618 $2,887,090 $-64,956
2022 $277,268 $468,895 $2,943,245 $-191,627
2021 $292,880 $368,305 $3,191,542 $-75,425
2020 $204,804 $365,019 $3,241,389 $-160,215
2019 $201,201 $352,720 $3,410,951 $-151,519
2018 $199,545 $308,890 $3,492,862 $-109,345
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