MILLSBORO PUBLIC LIBRARY INC

EIN: 264195794 501(c)(3) Education

MILLSBORO, DE

Total Revenue
$353,209
Total Expenses
$331,189
Total Assets
$336,172
Net Assets
$331,084
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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
1973
Legal Domicile
DE
Principal Officer
Tamara Toomey
Phone
3029348743
Tax Period
2023-07-01 to 2024-06-30

MILLSBORO PUBLIC LIBRARY INC, founded in 1973, is a small nonprofit in the Education sector that reported $353K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $331K left a modest 6% surplus.

Mission

THE MILLSBORO PUBLIC LIBRARY PROVIDES FREE ACCESS TO INFORMATION AND MATERIALS TO THE RESIDENTS OF SUSSEX COUNTY, DELAWARE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $347,078
Program Service Revenue $6,109
Investment Income $22
Other Revenue $0
TOTAL REVENUE $353,209

Expense Breakdown

Grants Paid $0
Salaries & Benefits $193,967
Fundraising Expenses $0
Program Expenses $272,144
Other Expenses $137,222
TOTAL EXPENSES $331,189

Year-over-Year Comparison

2023 2022 Change
Revenue $353,209 $325,800 +0.1%
Expenses $331,189 $329,113 +0.0%
Net Income $22,020 $-3,313 -7.6%
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

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Governance

Voting Members
5
Independent Members
5
Employees
11
Volunteers
5

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMARA TOOMEY PRESIDENT 10.00
Officer
$0 $0 $0
DARWIN HALL VICE PRESIDENT 2.00
$0 $0 $0
W RYAN PUSEY TREASURER 1.00
Officer
$0 $0 $0
LISA WHARTON MEMBER 1.00
Director
$0 $0 $0
BEVERLY MITCHELL MEMBER 1.00
Director
$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 No data No data No data No data
2024 $353,209 $331,189 $336,172 $22,020
2019 $282,626 $262,448 $534,620 $20,178
2018 $316,554 $290,628 $514,337 $25,926
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