BARRETT FRIENDLY LIBRARY (EIN 246000079) - 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

1912

Legal Domicile

Principal Officer

MICHAEL STEIN

Phone

5705957171

Tax Period

2024-01-01 to 2024-12-31

BARRETT FRIENDLY LIBRARY, founded in 1912, is a small nonprofit that reported $384K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $430K exceeded revenue, resulting in a 12% operating deficit.

Mission

PUBLIC LIBRARY

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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 $346,550

Program Service Revenue $0

Investment Income $12,660

Other Revenue $25,088

TOTAL REVENUE $384,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,445

Fundraising Expenses $15,625

Program Expenses $332,149

Other Expenses $212,428

TOTAL EXPENSES $429,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$384,298	$320,805	+0.2%
Expenses	$429,873	$384,369	+0.1%
Net Income	$-45,575	$-63,564	-0.3%

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
BRETTE FULTON	MEMBER	1.00	Director	$0	$0	$0
JUDITH JABERA	MEMBER	1.00	Director	$0	$0	$0
JULIE NIERING	MEMBER	1.00	Director	$0	$0	$0
NANCY LEWIS	MEMBER	1.00	Director	$0	$0	$0
MAUREEN SIGLIN	MEMBER	1.00	Director	$0	$0	$0
DARRYL SPEICHER	MEMBER	1.00	Director	$0	$0	$0
MICHAEL STEIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD LEIST	TREASURER	2.00	Officer Director	$0	$0	$0
CYNTHIA COOK	SECRETARY	1.00	Officer Director	$0	$0	$0
JULIE WYNNE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY ANN LEWIS	DIRECTOR	40.00	Key Emp	$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
2024	$384,298	$429,873	$2,424,668	$-45,575
2023	$320,805	$384,369	$2,458,507	$-63,564
2022	$334,625	$359,268	$2,490,733	$-24,643
2021	$468,374	$372,852	$2,550,604	$95,522
2020	$352,388	$394,101	$2,509,121	$-41,713
2019	$433,118	$409,427	$2,501,577	$23,691
2018	$357,769	$393,325	$2,484,069	$-35,556

BARRETT FRIENDLY LIBRARY