LIBRARIES OF FOSTER

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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

1900

Legal Domicile

Principal Officer

BART HOLLINGSWORTH

Phone

4013974801

Tax Period

2024-07-01 to 2025-06-30

LIBRARIES OF FOSTER, founded in 1900, is a small nonprofit in the Education sector that reported $305K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $286K left a modest 6% surplus.

Mission

TO OFFER FREE LIBRARY SERVICES SUCH AS BOOKS, MOVIES, MUSIC, AND VARIOUS PROGRAMS TO RESIDENTS IN THE TOWN OF FOSTER, RI.

Program Service Accomplishments

Program 1

Expenses: $286,180 Revenue: $753

THE LIBRARY OFFERS FREE SERVICES SUCH AS BOOK RENTALS, MOVIES, AND VARIOUS FREE PROGRAMS TO RESIDENTS OF THE TOWN.

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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 $293,320

Program Service Revenue $753

Investment Income $10,552

Other Revenue $0

TOTAL REVENUE $304,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,728

Fundraising Expenses $0

Program Expenses $286,180

Other Expenses $122,452

TOTAL EXPENSES $286,180

Year-over-Year Comparison

	2024	2023	Change
Revenue	$304,625	$231,730	+0.3%
Expenses	$286,180	$276,277	+0.0%
Net Income	$18,445	$-44,547	-1.4%

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

N/A

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
LINDA PLANTE	DIRECTOR	N/A	Director	$0	$0	$0
EVA SZOSZ	DIRECTOR	N/A	Director	$0	$0	$0
JUDY WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS BROSTRUP-JENSEN	TREASURER	N/A	Officer	$0	$0	$0
BART HOLLINGSWORTH	PRESIDENT	N/A	Officer	$0	$0	$0
NANCY WOLF-JENSEN	SECRETARY	N/A	Officer	$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	$304,625	$286,180	$1,063,072	$18,445
2024	No data	No data	No data	No data
2023	$284,277	$256,971	$1,128,468	$27,306
2022	$231,529	$199,609	$1,065,987	$31,920
2021	$217,659	$229,080	$1,039,894	$-11,421
2020	$255,494	$207,004	$1,042,730	$48,490
2019	$206,530	$186,510	$987,537	$20,020