NORTH OF BOSTON LIBRARY EXCHANGE INC (EIN 222712714) - 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

1985

Legal Domicile

Principal Officer

MYRON SCHIRER-SUTER

Phone

9787778844

Tax Period

2024-07-01 to 2025-06-30

NORTH OF BOSTON LIBRARY EXCHANGE INC, founded in 1985, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Expenses of $3.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE TECHNOLOGY PARTNER FOR LIBRARIES NORTH OF BOSTON. IT IS A COOPERATIVE EFFORT OF 25 AREA LIBRARIES FOUNDED TO IMPROVE LIBRARY SERVICE THROUGH AUTOMATION.

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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 $1,912,019

Program Service Revenue $641,165

Investment Income $180,315

Other Revenue $3,500

TOTAL REVENUE $2,736,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,099,235

Fundraising Expenses $0

Program Expenses $2,847,465

Other Expenses $2,103,172

TOTAL EXPENSES $3,202,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,736,999	$2,611,182	+0.0%
Expenses	$3,202,407	$2,599,507	+0.2%
Net Income	$-465,408	$11,675	-40.9%

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

$135,922

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL OVERBECK	DIRECTOR	5.00	Director	$0	$0	$0
ANNA SARNESO	DIRECTOR	5.00	Director	$0	$0	$0
ALLISON BABIN	DIRECTOR	5.00	Director	$0	$0	$0
JONATHAN NICHOLS	DIRECTOR	5.00	Director	$0	$0	$0
THERESA HURLEY	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN COURTEMANCHE	PRESIDENT	10.00	Officer	$0	$0	$0
MYRON SCHIRER-SUTER	TREASURER	10.00	Officer	$0	$0	$0
ABIGAIL PORTER	CLERK	10.00	Officer	$0	$0	$0
CATHERINE MCDONALD	VICE PRESIDENT	10.00	Officer	$0	$0	$0
KATHERINE LUSSIER	EXECUTIVE DIRECTOR	37.50	Officer	$123,291	$12,631	$135,922
ELIZABETH THOMSEN	MEMBER SERVICES MGR	37.50	Highest	$121,381	$11,007	$132,388

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	$2,736,999	$3,202,407	$2,714,305	$-465,408
2024	$2,611,182	$2,599,507	$3,041,554	$11,675
2023	$2,507,743	$2,598,044	$2,651,210	$-90,301
2022	$2,501,521	$2,495,990	$2,577,569	$5,531
2021	$2,536,397	$2,319,525	$2,663,253	$216,872
2020	$2,414,715	$2,337,087	$2,442,482	$77,628
2019	$2,262,568	$2,174,181	$2,215,198	$88,387

NORTH OF BOSTON LIBRARY EXCHANGE INC