Seekonk Library Trust

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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

1987

Legal Domicile

Principal Officer

Paul B Nunes

Phone

5083368230

Tax Period

2023-07-01 to 2024-06-30

Seekonk Library Trust, founded in 1987, is a micro nonprofit in the Education sector that reported $45K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Net assets of $662K represent 175 months of operating reserves.

Mission

The Seekonk Libray Trust provides financial resources for the librarys long-term needs to ensure that the Seekonk Public Library is an enduring foundation of community life.

Program Service Accomplishments

Program 1

Expenses: $36,654

Books, Subscriptions, Maintenance Improvements to the Garden Area and all common grounds.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,371

Program Service Revenue $0

Investment Income $34,035

Other Revenue $0

TOTAL REVENUE $45,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $500

Program Expenses $36,654

Other Expenses $47,091

TOTAL EXPENSES $47,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,406	$87,778	-0.5%
Expenses	$47,091	$16,608	+1.8%
Net Income	$-1,685	$71,170	-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

N/A

Employees

N/A

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
Linda Karawa	Chairperson	002.00	Director	$0	$0	$0
Paul B Nunes	Treasurer	001.00	Director	$0	$0	$0
Michael Seebeck	Secretary	001.00	Director	$0	$0	$0
Leslie Guglielmo	Director	001.00	Director	$0	$0	$0
LaNon Neary	Director	001.00	Director	$0	$0	$0
Patricia Pomerieau	Director	001.00	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
2025	No data	No data	No data	No data
2024	$45,406	$47,091	$661,604	$-1,685
2023	$87,778	$16,608	$761,163	$71,170
2022	$23,221	$12,335	$716,397	$10,886
2021	$68,469	$34,617	$777,839	$33,852
2020	$21,275	$12,793	$668,179	$8,482