HITCHCOCK PUBLIC LIBRARY

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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

1970

Legal Domicile

Principal Officer

JENNIE LEE THIEM

Phone

4099867814

Tax Period

2024-10-01 to 2025-09-30

HITCHCOCK PUBLIC LIBRARY, founded in 1970, is a small nonprofit in the Education sector that reported $181K in total revenue in fiscal year 2024. Expenses of $208K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO EDUCATE, INFORM, ENTERTAIN AND CULTURALLY ENRICH THE ENTIRE COMMUNITY BY PROVIDING A BROAD RANGE OF LIBRARY MATERIALS, INFORMATION SERVICES AND SPECIAL PROGRAMS IN A WELCOMING ENVIRONMENT AND TO PROMOTE AND ENCOURAGE LIFELONG LEARNING AND THE JOY OF READING.

Program Service Accomplishments

Program 1

Expenses: $194,122 Revenue: $6,865

PUBLIC LIBRARY SERVING A COMMUNITY OF 7,000. BOOKS ARE LOANED, PERIODICALS FURNISHED, CHILDREN AND ADULT PROGRAMS OFFERED. COMMUNITY ROOM AVAILABLE FOR RENT AT A NOMINAL FEE TO THE PUBLIC. INTERNET...

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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 $161,715

Program Service Revenue $6,865

Investment Income $9,726

Other Revenue $2,632

TOTAL REVENUE $180,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,160

Fundraising Expenses $0

Program Expenses $194,238

Other Expenses $90,849

TOTAL EXPENSES $208,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,938	$182,078	0.0%
Expenses	$208,009	$195,633	+0.1%
Net Income	$-27,071	$-13,555	+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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN BROOKS	BOARD MEMBER	N/A	Director	$0	$0	$0
LAWSON BROOKS	PRESIDENT	N/A	Officer Director	$0	$0	$0
KJIRSTIN LARSON	BOARD MEMBER	N/A	Director	$0	$0	$0
CARRIE MAXWELL	BOARD MEMBER	N/A	Director	$0	$0	$0
ELLEN SUE OVERTON	BOARD MEMBER	N/A	Director	$0	$0	$0
MARTHA PHILEN	BOARD MEMBER	N/A	Director	$0	$0	$0
HARRY ROBINSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BOBBIE SANDER	BOARD MEMBER	N/A	Director	$0	$0	$0
JENNIE LEE THIEM	TREASURER	N/A	Officer 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	$180,938	$208,009	$1,107,334	$-27,071
2024	$182,078	$195,633	$1,051,011	$-13,555
2023	$176,264	$200,596	$897,125	$-24,332
2022	$191,145	$198,596	$879,933	$-7,451
2021	$176,756	$176,663	$1,169,992	$93
2020	$178,330	$171,368	$1,010,919	$6,962
2019	$175,451	$231,921	$1,067,701	$-56,470
2018	$211,062	$226,898	$1,118,566	$-15,836