ABBOT PUBLIC LIBRARY FOUNDATION INC

EIN: 300856701 501(c)(3) Education

MARBLEHEAD, MA

Total Revenue
$362,953
Total Expenses
$448,501
Total Assets
$1,113,485
Net Assets
$1,113,485
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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
2014
Legal Domicile
MA
Principal Officer
MOLLY BUSHMAN
Phone
7816311481
Tax Period
2024-07-01 to 2025-06-30

ABBOT PUBLIC LIBRARY FOUNDATION INC, founded in 2014, is a small nonprofit in the Education sector that reported $363K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $449K exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDE FINANCIAL SUPPORT TO THE ABBOT PUBLIC LIBRARY

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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 (2024)

Revenue Breakdown

Contributions & Grants $326,473
Program Service Revenue $0
Investment Income $32,323
Other Revenue $4,157
TOTAL REVENUE $362,953

Expense Breakdown

Grants Paid $31,600
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $406,085
Other Expenses $416,901
TOTAL EXPENSES $448,501

Year-over-Year Comparison

2024 2023 Change
Revenue $362,953 $422,907 -0.1%
Expenses $448,501 $1,351,365 -0.7%
Net Income $-85,548 $-928,458 -0.9%
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
10
Independent Members
10
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
6
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED GRANT PRESIDENT 1.00
Officer Director
$0 $0 $0
MAEVE RICE VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
TONYA WALKER SECRETARY 1.00
Officer Director
$0 $0 $0
MOLLY BUSHMAN TREASURER 1.00
Officer Director
$0 $0 $0
MARTHA SILVA ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
ANNIE RITTER ASSISTANT TREASURER 1.00
Director
$0 $0 $0
SHERIDAN OGDEN DIRECTOR 1.00
Officer Director
$0 $0 $0
JOHN DONOVAN DIRECTOR 1.00
Director
$0 $0 $0
DEB PAYSON DIRECTOR 1.00
Director
$0 $0 $0
MIKE SHANNAHAN DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY GRAD EX-OFFICIO/LIBRARY DIRECTO 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 $362,953 $448,501 $1,113,485 $-85,548
2024 $422,907 $1,351,365 $1,199,033 $-928,458
2023 $322,603 $31,883 $2,127,491 $290,720
2022 $639,332 $32,969 $1,836,771 $606,363
2021 $149,861 $6,220 $1,230,408 $143,641
2020 $141,771 $28,791 $1,086,767 $112,980
2019 $351,231 $23,838 $973,787 $327,393
2018 $118,441 $89,348 $646,394 $29,093
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