PALMER PUBLIC LIBRARY ASSOCIATION INC

EIN: 271884169 501(c)(3) Education

PALMER, MA

Total Revenue
$965,830
Total Expenses
$986,841
Total Assets
$952,886
Net Assets
$952,886
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
MA
Principal Officer
SARA MENARD
Phone
4132833330
Tax Period
2022-07-01 to 2023-06-30

PALMER PUBLIC LIBRARY ASSOCIATION INC, founded in 1919, is a small nonprofit in the Education sector that reported $966K in total revenue in fiscal year 2022.

Mission

TO BE A SIGNIFICANT RESOURCE CENTER BY PROVIDING A HIGH QUALITY COLLECTION OF BOOKS, MATERIALS AND INTERNET ACCESS AND AN OFFERING OF USEFUL AND INTERESTING PROGRAMS AND SPEAKERS TO THE RESIDENTS OF PALMER AND THE SURROUNDING COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $938,712
Program Service Revenue $12,971
Investment Income $14,147
Other Revenue $0
TOTAL REVENUE $965,830

Expense Breakdown

Grants Paid $0
Salaries & Benefits $549,179
Fundraising Expenses $0
Program Expenses $808,832
Other Expenses $437,662
TOTAL EXPENSES $986,841

Year-over-Year Comparison

2022 2021 Change
Revenue $965,830 $938,307 +0.0%
Expenses $986,841 $929,987 +0.1%
Net Income $-21,011 $8,320 -3.5%
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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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
20

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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA MENARD TREASURER 5.00
Officer Director
$0 $0 $0
JOHN HOUHGAARD DIRECTOR 1.00
Director
$0 $0 $0
JANICE MARCINIEC VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
FAY HALSALL PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHELLE FONTAINE DIRECTOR 1.00
Director
$0 $0 $0
SANDY NOONAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SHANNON KENNEDY SECRETARY 1.00
Officer Director
$0 $0 $0
CYD MELCHER DIRECTOR 1.00
Director
$0 $0 $0
EILEEN SMITH DIRECTOR 1.00
Director
$0 $0 $0
PAMELA PARENT DIRECTOR 1.00
Director
$0 $0 $0
GABRIELLA PEAR DIRECTOR 1.00
Director
$0 $0 $0
JENNA GHREAR DIRECTOR 1.00
Director
$0 $0 $0
DAVID NICHOLS 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
2025 No data No data No data No data
2023 $965,830 $986,841 $952,886 $-21,011
2022 $938,307 $929,987 $941,894 $8,320
2021 $930,190 $916,827 $1,017,591 $13,363
2021 $887,744 $877,464 $966,255 $10,280
2020 $395,912 $372,999 $952,152 $22,913
2019 $528,528 $374,583 $925,834 $153,945
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