FRIENDS OF LITHGOW LIBRARY INC (EIN 412038965) - 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

2002

Legal Domicile

Principal Officer

DAVID MADORE

Phone

2075123402

Tax Period

2021-01-01 to 2021-12-31

FRIENDS OF LITHGOW LIBRARY INC, founded in 2002, is a micro nonprofit in the Education sector that reported $33K in total revenue in fiscal year 2021. The organization ran a surplus of $5K, a strong 16% operating margin.

Mission

THE ORGANIZATION WAS CREATED TO SUPPORT THE OPERATIONS, FACILITIES AND PROGRAMS OF LITHGOW PUBLIC LIBRARY WHICH IS OWNED AND OPERATED BY THE CITY OF AUGUSTA, MAINE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $26,018

Program Service Revenue $0

Investment Income $6,576

Other Revenue $0

TOTAL REVENUE $32,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,678

Other Expenses $27,250

TOTAL EXPENSES $27,250

Year-over-Year Comparison

	2021	2020	Change
Revenue	$32,594	$32,263	+0.0%
Expenses	$27,250	$15,637	+0.7%
Net Income	$5,344	$16,626	-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
BLAKE POTTER	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID MADORE	PRESIDENT	4.00	Officer Director	$0	$0	$0
JENNIFER SMALL	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA TARDIFF	DIRECTOR	1.00	Director	$0	$0	$0
APRIL CUSICK	DIRECTOR	1.00	Director	$0	$0	$0
STACI FORTUNATO	SECRETARY	1.00	Officer Director	$0	$0	$0
EMILY MULLEN	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
2021	$32,594	$27,250	$192,689	$5,344
2020	$32,263	$15,637	$173,482	$16,626

FRIENDS OF LITHGOW LIBRARY INC