THE WELLESLEY FREE LIBRARY FOUNDATION INC (EIN 263194155) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

KEITH HIGGINS

Phone

7812351610

Tax Period

2024-07-01 to 2025-06-30

THE WELLESLEY FREE LIBRARY FOUNDATION INC, founded in 2008, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $578K, a strong 55% operating margin.

Mission

THE FOUNDATION WAS FORMED TO SUPPORT THE WELLESLEY FREE LIBRARY, WHICH IS A DEPARTMENT OF THE TOWN OF WELLESLEY, MASSACHUSETTS. THE SUPPORT INCLUDES A BROAD RANGE OF LIBRARY NEEDS SUCH AS MATERIALS, BUILDING MAINTENANCE, FURNISHINGS AND PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $402,072

Program Service Revenue $0

Investment Income $604,878

Other Revenue $49,660

TOTAL REVENUE $1,056,610

Expense Breakdown

Grants Paid $238,706

Salaries & Benefits $17,560

Fundraising Expenses $76,271

Program Expenses $238,706

Other Expenses $222,805

TOTAL EXPENSES $479,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,056,610	$707,548	+0.5%
Expenses	$479,071	$673,896	-0.3%
Net Income	$577,539	$33,652	+16.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
KEITH HIGGINS	PRESIDENT	8.00	Officer Director	$0	$0	$0
MARK GROVER	TREASURER	8.00	Officer Director	$0	$0	$0
AMIEE MUNRO	CLERK	8.00	Officer Director	$0	$0	$0
ALEXA PLENGE	CHAIR - FINANCE COMM	8.00	Director	$0	$0	$0
LAUREL LYLE	CHAIR - DEVELOPMENT	8.00	Director	$0	$0	$0
CATHERINE BUEKER	CHAIR - GOVERNANCE	2.00	Director	$0	$0	$0
CAROL CARLSON	DIRECTOR	2.00	Director	$0	$0	$0
MOLLY MANNING	DIRECTOR	2.00	Director	$0	$0	$0
CHRISSIE LAWRENCE	DIRECTOR	2.00	Director	$0	$0	$0
NORA PHILLIPS	DIRECTOR	2.00	Director	$0	$0	$0
TERENCE CONDREN	DIRECTOR	2.00	Director	$0	$0	$0
STEPAHNIE COUGHLAN	DIRECTOR	2.00	Director	$0	$0	$0
NORM BOUCHER	DIRECTOR	2.00	Director	$0	$0	$0
LUISA HUNNEWELL	DIRECTOR	2.00	Director	$0	$0	$0
TRIPP SHEEHAN	DIRECTOR	2.00	Director	$0	$0	$0
NORM BOUCHER	DIRECTOR	2.00	Director	$0	$0	$0
KARA REINHARDT BLOCK	ASSISTANT TREASURER	2.00	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	$1,056,610	$479,071	$7,766,428	$577,539
2024	$707,548	$673,896	$7,071,783	$33,652
2023	$523,014	$518,971	$6,745,076	$4,043
2022	$1,467,125	$631,762	$6,682,036	$835,363
2021	$1,230,094	$1,119,906	$6,911,551	$110,188
2020	$735,877	$448,909	$5,458,539	$286,968
2019	$312,151	$445,407	$5,462,521	$-133,256

THE WELLESLEY FREE LIBRARY FOUNDATION INC