Castleton Free Library (EIN 223881668) - 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

2010

Legal Domicile

Principal Officer

Mary Kearns

Tax Period

2024-07-01 to 2025-06-30

Castleton Free Library, founded in 2010, is a small nonprofit in the Education sector that reported $255K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $228K left a modest 11% surplus.

Mission

The Castleton Free Library serves as a welcoming center for our community and a gateway to the world of information and imagination.

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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 $144,547

Program Service Revenue $0

Investment Income $138

Other Revenue $110,590

TOTAL REVENUE $255,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,317

Fundraising Expenses $0

Program Expenses $219,112

Other Expenses $140,744

TOTAL EXPENSES $228,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,275	$414,136	-0.4%
Expenses	$228,061	$825,800	-0.7%
Net Income	$27,214	$-411,664	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy Mark	Chairperson	001.50	Officer Director	$0	$0	$0
Patricia Schroeder	Clerk	001.50	Officer Director	$0	$0	$0
Sue Decarolis	Treasurer	001.50	Officer Director	$0	$0	$0
Patrick Keller	Trustee	001.50	Director	$0	$0	$0
Mark Brownell	Trustee	001.50	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	$255,275	$228,061	$373,835	$27,214
2024	$414,136	$825,800	$308,295	$-411,664
2023	$613,042	$264,305	$717,487	$348,737

Castleton Free Library