KILLINGWORTH LIBRARY ASSOCIATION INC (EIN 237050680) - 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

1965

Legal Domicile

Principal Officer

Christopher Larson

Phone

8606632000

Tax Period

2024-07-01 to 2025-06-30

KILLINGWORTH LIBRARY ASSOCIATION INC, founded in 1965, is a small nonprofit in the Education sector that reported $343K in total revenue in fiscal year 2024. Net assets of $1.2M represent 42 months of operating reserves.

Mission

Public library open to all who wish to have access to our books and other materials, computers, and events.

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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 $314,751

Program Service Revenue $0

Investment Income $28,335

Other Revenue $0

TOTAL REVENUE $343,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,958

Fundraising Expenses $1,791

Program Expenses $47,554

Other Expenses $113,599

TOTAL EXPENSES $345,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$343,086	$360,434	0.0%
Expenses	$345,557	$344,674	+0.0%
Net Income	$-2,471	$15,760	-1.2%

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

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	Role	Reportable Comp	Other Comp	Total
Chris Larson	President	Officer Director	$0	$0	$0
Mariah Miesel	Vice President	Officer Director	$0	$0	$0
Jan O'Sullivan	Treasurer	Officer Director	$0	$0	$0
Lucinda Hogarty	Recording Secretary	Officer Director	$0	$0	$0
Bini Freeman	Corresponding Secretary	Officer Director	$0	$0	$0
Lise Brule	Board Member	Director	$0	$0	$0
Gwenne Celmer	Board Member	Director	$0	$0	$0
Jim McDonald	Board Member	Director	$0	$0	$0
David Meixell	Board Member	Director	$0	$0	$0
Richard Otto	Board Member	Director	$0	$0	$0
Holly Louise Perry	Board Member	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	$343,086	$345,557	$1,194,315	$-2,471
2024	$360,434	$344,674	$1,148,862	$15,760
2023	$280,722	$378,505	$1,092,112	$-97,783
2022	$391,508	$363,396	$1,142,704	$28,112
2021	$380,072	$288,662	$1,149,331	$91,410

KILLINGWORTH LIBRARY ASSOCIATION INC