Westerly, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Watch Hill Memorial Library and Improvement Society, founded in 1889, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $82K in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24K, a strong 29% operating margin.
To develop, improve and beautify the Village of Watch Hill, to secure public health and cultivate public spirit as well as to quicken the social and intellectual life of the people. To lessen the burden of government in preserving Watch Hill history, as well as to better the general condition and appearance of the Village, along with maintaining the Library in the Memorial Building.
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 | $82,153 | $35,149 | +1.3% |
| Expenses | $58,274 | $54,680 | +0.1% |
| Net Income | $23,879 | $-19,531 | -2.2% |
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 |
|---|---|---|---|---|---|---|
| Moya Saunders | Vice President | 2.00 |
Officer
Director
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$0 | $0 | $0 |
| Kathleen Whittemore | President | 3.00 |
Officer
Director
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$0 | $0 | $0 |
| Gail Reynolds | Vice President | 1.00 |
Officer
Director
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$0 | $0 | $0 |
| Susan Burke O'Neal | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Lauren Corrinet | Treasurer | 2.00 |
Officer
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $82,153 | $58,274 | $1,134,531 | $23,879 |
| 2024 | $35,149 | $54,680 | $1,110,652 | $-19,531 |
| 2023 | $97,567 | $89,315 | $1,130,183 | $8,252 |
| 2022 | $31,610 | $83,163 | $1,121,931 | $-51,553 |
| 2021 | $11,370 | $30,236 | $1,173,484 | $-18,866 |
| 2020 | $57,028 | $65,674 | $1,192,350 | $-8,646 |
| 2019 | $74,458 | $68,407 | $1,200,996 | $6,051 |
Compare Watch Hill Memorial Library and Improvement Society with other nonprofits in Rhode Island and across the country.