GLASTONBURY, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WELLES-TURNER MEMORIAL LIBRARY SECOND CE, founded in 1992, is a small nonprofit in the Education sector that reported $106K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 69% operating margin.
- TO PROVIDE A CAPITAL FUND THAT CAN SUPPLEMENT FUNDS AVAILABLE TO THE TOWN OF GLASTONBURY FOR EXPANSION OR RENOVATION OF LIBRARY FACILITIES, INCLUDING BUT NOT LIMITED TO THE ACQUISITION OF LAND AND THE CONSTRUCTION, RENOVATION, MODIFICATION OR EQUIPPING OF THE BUILDINGS AND GROUNDS- TO PROVIDE FUNDS TO SUPPLEMENT THE ANNUAL FUNDS AVAILABLE TO THE TOWN OF GLASTONBURY FOR THE LIBRARY, AND TO PROMOTE AN INCREASED AWARENESS OF THE LIBRARY AND ITS OFFERINGS THROUGH, AMONG OTHER THINGS, CULTURAL, EDUCATIONAL AND OUTREACH PROGRAMS THAT DIRECTLY OR INDIRECTLY SUPPORT THE LIBRARY, REGARDLESS OF WHO PROVIDES THE PROGRAMS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $106,359 | $64,172 | +0.7% |
| Expenses | $33,499 | $9,214 | +2.6% |
| Net Income | $72,860 | $54,958 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| VIRGINIA ROSCOE | PRESIDENT | 15.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR BERNARD CLARK | CO-VP | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| KENNEDY HUDNER | CO-VP | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| KYLE SCHOFFELMEER | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANE GRAVES | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEN BOYLE | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| MATT CANDILORO | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| MATT CAREY | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| BRIAN DAVIS | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| KAREN FECKO | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| PAMELA GAMBAROTTA | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| MARTHA POOLE | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| DIANNE HEMLOCK | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| ZACHARY ROSENSOHN | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| BOB ZANLUNGO | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $106,359 | $33,499 | $1,170,933 | $72,860 |
| 2023 | $64,172 | $9,214 | $1,098,073 | $54,958 |
Compare WELLES-TURNER MEMORIAL LIBRARY SECOND CE with other nonprofits in Connecticut and across the country.