WEBSTER MEMORIAL LIBRARY (EIN 386052977) - 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

1960

Legal Domicile

Principal Officer

JAMES CREAGAN

Phone

2694234771

Tax Period

2023-07-01 to 2024-06-30

WEBSTER MEMORIAL LIBRARY, founded in 1960, is a small nonprofit in the Education sector that reported $189K in total revenue in fiscal year 2023. Revenue surged 152% from the prior year, signaling strong growth momentum. Expenses of $212K exceeded revenue, resulting in a 12% operating deficit.

Mission

SUPPLY READING MATERIALS TO THE PUBLIC.

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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 $0

Program Service Revenue $0

Investment Income $188,989

Other Revenue $0

TOTAL REVENUE $188,989

Expense Breakdown

Grants Paid $154,479

Salaries & Benefits $18,000

Fundraising Expenses $0

Program Expenses $188,868

Other Expenses $39,324

TOTAL EXPENSES $211,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$188,989	$74,930	+1.5%
Expenses	$211,803	$195,898	+0.1%
Net Income	$-22,814	$-120,968	-0.8%

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

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

$18,000

Total Directors

$18,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY NEWELL	PRESIDENT	1.00	Officer Director	$6,000	$0	$6,000
JOHN GROSVENOR	SECRETARY	1.00	Officer Director	$6,000	$0	$6,000
JAMES CREAGAN	TREASURER	1.00	Officer Director	$6,000	$0	$6,000

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	$188,989	$211,803	$3,846,509	$-22,814
2023	$74,930	$195,898	$3,598,406	$-120,968
2022	$294,060	$205,625	$3,453,245	$88,435
2021	$116,605	$154,665	$4,234,565	$-38,060
2020	$97,395	$153,434	$3,552,550	$-56,039
2019	$132,821	$145,427	$3,618,381	$-12,606

WEBSTER MEMORIAL LIBRARY