FRIENDS OF WALTHAM PUBLIC LIBRARY (EIN 222721692) - 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

1986

Legal Domicile

Principal Officer

DAVID LEVINSON

Phone

7813143425

Tax Period

2022-07-01 to 2023-06-30

FRIENDS OF WALTHAM PUBLIC LIBRARY, founded in 1986, is a small nonprofit in the Education sector that reported $133K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $37K, a strong 28% operating margin.

Mission

IMPROVING LIBRARY SERVICES AND FACILITIES.

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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 $24,542

Program Service Revenue $4,000

Investment Income $96,209

Other Revenue $8,093

TOTAL REVENUE $132,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $45

Program Expenses $90,458

Other Expenses $95,978

TOTAL EXPENSES $95,978

Year-over-Year Comparison

	2022	2021	Change
Revenue	$132,844	$144,569	-0.1%
Expenses	$95,978	$90,583	+0.1%
Net Income	$36,866	$53,986	-0.3%

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

N/A

Volunteers

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
DAVID LEVINSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
AMY KING	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ELIZABETH LEAR	TREASURER	N/A	Officer Director	$0	$0	$0
LIZ STURGIS	ASSISTANT TR	N/A	Officer Director	$0	$0	$0
SUSAN SIROKY	SECRETARY	N/A	Officer Director	$0	$0	$0
JENNIFER CASSTEVENS-LOPEZ	DIRECTOR	N/A	Director	$0	$0	$0
KIT FINTZEL	DIRECTOR	N/A	Director	$0	$0	$0
SHEILA FITZPATRICK	DIRECTOR	N/A	Director	$0	$0	$0
JANET FOSTER	DIRECTOR	N/A	Director	$0	$0	$0
RACHEL GRYGORCEWICZ	DIRECTOR	N/A	Director	$0	$0	$0
GITA HADDAD	DIRECTOR	N/A	Director	$0	$0	$0
KATE LEBLANC	DIRECTOR	N/A	Director	$0	$0	$0
MYRIAM MICHEL	DIRECTOR	N/A	Director	$0	$0	$0
JEANNE O'CONNELL	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN PARRELLA	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTOPHER PERRUZZI	DIRECTOR	N/A	Director	$0	$0	$0
PARRISH RICE	DIRECTOR	N/A	Director	$0	$0	$0
DAN RITTER	DIRECTOR	N/A	Director	$0	$0	$0
KIM STANLEY	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$132,844	$95,978	$2,901,858	$36,866
2022	$144,569	$90,583	$2,687,612	$53,986
2021	$106,722	$48,238	$3,072,633	$58,484

FRIENDS OF WALTHAM PUBLIC LIBRARY