FRIENDS OF BELMONT PUBLIC LIBRARY … - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

CYNDI REITMEYER

Phone

6174892000

Tax Period

2024-09-01 to 2025-08-31

FRIENDS OF BELMONT PUBLIC LIBRARY INC, founded in 1972, is a micro nonprofit in the Education sector that reported $58K in total revenue in fiscal year 2024. The organization ran a surplus of $10K, a strong 17% operating margin.

Mission

THE FRIENDS OF THE BELMONT PUBLIC LIBRARY, INC. IS AN ALL-VOLUNTEER NONPROFIT ORGANIZATION DEDICATED TO RAISING MONEY THROUGH DONATIONS AND GENERATING INCOME THROUGH BOOK SALES TO FUND LIBRARYPROGRAMS AND SERVICES BEYOND THOSE PROVIDED IN THE TOWN BUDGET.

Program Service Accomplishments

Program 1

Expenses: $10,321

LIBRARY PROGRAMS-ADULT

Program 2

Expenses: $7,720

LIBRARY MEMBERSHIP-MUSEUMS

Program 3

Expenses: $3,333

LIBRARY PROGRAMS-YOUNG ADULTS

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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 $42,094

Program Service Revenue $0

Investment Income $10,597

Other Revenue $5,081

TOTAL REVENUE $57,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,205

Other Expenses $48,033

TOTAL EXPENSES $48,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,772	$58,421	0.0%
Expenses	$48,033	$32,701	+0.5%
Net Income	$9,739	$25,720	-0.6%

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

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
STEPHANIE CAHOON	DIRECTOR	5.00	Director	$0	$0	$0
KRISTEN CARTE-SMITH	DIRECTOR	5.00	Director	$0	$0	$0
DIANE COULOPOULOS	DIRECTOR	5.00	Director	$0	$0	$0
PAMELA DELALLA	DIRECTOR	5.00	Director	$0	$0	$0
HANNAH FISCHER	DIRECTOR	5.00	Director	$0	$0	$0
LIZ GRAY	DIRECTOR	5.00	Director	$0	$0	$0
LOUISE HALSTEAD	DIRECTOR	5.00	Director	$0	$0	$0
BEATRIX KASTOR	DIRECTOR	5.00	Director	$0	$0	$0
TONY KASTOR	DIRECTOR	5.00	Director	$0	$0	$0
LEIGH KENNEY	DIRECTOR	5.00	Director	$0	$0	$0
MARIE MABARDI	DIRECTOR	5.00	Director	$0	$0	$0
MARGERY MILLER	DIRECTOR	5.00	Director	$0	$0	$0
ROBIN RATCLIFF	DIRECTOR	5.00	Director	$0	$0	$0
ZHENZHEN ZHANG	DIRECTOR	5.00	Director	$0	$0	$0
CYNDI REITMEYER	PRESIDENT	5.00	Officer	$0	$0	$0
PATRICIA HURLEY	VICE PRESIDENT	5.00	Officer	$0	$0	$0
KABIN SHRESTHA	CO-TREASURER	5.00	Officer	$0	$0	$0
NANCY DIGNAN	CO-TREASURER	5.00	Officer	$0	$0	$0
WENDY CONROY	SECRETARY	5.00	Officer	$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	$57,772	$48,033	$839,700	$9,739

FRIENDS OF BELMONT PUBLIC LIBRARY INC