FRAMINGHAM PUBLIC LIBRARY FOUNDATION INC (EIN 264348429) - 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

2010

Legal Domicile

Principal Officer

RUTH WINETT

Phone

5085325570

Tax Period

2023-01-01 to 2023-12-31

FRAMINGHAM PUBLIC LIBRARY FOUNDATION INC, founded in 2010, is a micro nonprofit in the Education sector that reported $47K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $7K, a strong 15% operating margin.

Mission

TO CREATE A LEGACY FOR THE FUTURE OF BOTH FRAMINGHAM LIBRARIES, WITH AN ULTIMATE GOAL OF CREATING AN ENDOWMENT TO SUPPLEMENT FUNDS RECEIVED FROM THE TOWN OF FRAMINGHAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $43,958

Program Service Revenue $0

Investment Income $2,531

Other Revenue $166

TOTAL REVENUE $46,655

Expense Breakdown

Grants Paid $300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,212

Other Expenses $39,227

TOTAL EXPENSES $39,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,655	$56,257	-0.2%
Expenses	$39,527	$31,123	+0.3%
Net Income	$7,128	$25,134	-0.7%

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

N/A

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
RUTH WINETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN SCULLY PETRONI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE VISMINAS	CLERK	1.00	Officer Director	$0	$0	$0
SAM KLAIDMAN	TREASURER	1.00	Officer Director	$0	$0	$0
BRETT PERUZZI	DIRECTOR	1.00	Director	$0	$0	$0
DEBBI HUROWITZ	DIRECTOR	1.00	Director	$0	$0	$0
RAVI SIMON	DIRECTOR	1.00	Director	$0	$0	$0
MAYA EESON	DIRECTOR	1.00	Director	$0	$0	$0
JO-ANNE THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER KLISH	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$46,655	$39,527	$226,750	$7,128
2022	$56,257	$31,123	$219,557	$25,134
2021	$68,360	$21,513	$194,383	$46,847
2020	$31,289	$35,267	$147,536	$-3,978
2019	$88,787	$54,040	$151,514	$34,747
2018	$51,944	$116,542	$116,767	$-64,598

FRAMINGHAM PUBLIC LIBRARY FOUNDATION INC