BANGOR PUBLIC LIBRARY ASSOCIATION (EIN 240824040) - 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

1921

Legal Domicile

Principal Officer

MARGE VIGLIONE

Phone

6105884136

Tax Period

2024-07-01 to 2025-06-30

BANGOR PUBLIC LIBRARY ASSOCIATION, founded in 1921, is a small nonprofit that reported $224K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 35% operating margin.

Mission

TO PROVIDE FREE, HIGH QUALITY INFORMATION, RESOURCES AND SERVICES FOR ALL CITIZENS RESIDING IN THE BANGOR AREA SCHOOL DISTRICT AND BEYOND.

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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 $197,541

Program Service Revenue $5,445

Investment Income $11,902

Other Revenue $8,781

TOTAL REVENUE $223,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,118

Fundraising Expenses $787

Program Expenses $123,309

Other Expenses $68,961

TOTAL EXPENSES $146,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,669	$126,835	+0.8%
Expenses	$146,079	$144,669	+0.0%
Net Income	$77,590	$-17,834	-5.4%

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

$32,312

Total Directors

$35,822

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN LYNCH	DIRECTOR	30.00	Officer Director	$32,312	$0	$32,312
LYNN BECK	TRUSTEE	1.00	Director	$0	$0	$0
JACQUELINE CERAUL	TREASURER	2.00	Officer Director	$0	$0	$0
CINDY CHRISTMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JIM FOLK	TRUSTEE	1.00	Director	$0	$0	$0
SUE FOLK	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHERYL MELNICK	TRUSTEE	1.00	Director	$0	$0	$0
CAROL MILLER	TRUSTEE	1.00	Director	$0	$0	$0
GERRY PARRY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARGE VIGLIONE	FINANCIAL SECRETARY	5.00	Director	$3,510	$0	$3,510

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	$223,669	$146,079	$518,801	$77,590
2024	No data	No data	No data	No data
2023	$139,197	$144,543	$457,684	$-5,346
2022	$132,114	$145,574	$442,041	$-13,460
2021	$115,802	$145,536	$496,301	$-29,734
2020	$123,087	$128,251	$526,996	$-5,164
2019	$97,058	$138,567	$485,926	$-41,509
2018	$100,071	$142,704	$522,365	$-42,633

BANGOR PUBLIC LIBRARY ASSOCIATION