Bixby Memorial Free Library (EIN 412102562) - 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

1911

Legal Domicile

Principal Officer

Marsha Hoffman

Phone

8028772211

Tax Period

2024-07-01 to 2025-06-30

Bixby Memorial Free Library, founded in 1911, is a small nonprofit in the Education sector that reported $392K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $371K left a modest 5% surplus.

Mission

This is a thriving institution where people of all ages and abilities and backgrounds turn for information, connection and enrichment. This contributes to the five town community and beyond.

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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 (2024)

Revenue Breakdown

Contributions & Grants $252,280

Program Service Revenue $0

Investment Income $32

Other Revenue $139,250

TOTAL REVENUE $391,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,696

Fundraising Expenses $14,185

Program Expenses $262,231

Other Expenses $127,161

TOTAL EXPENSES $370,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$391,562	$790,979	-0.5%
Expenses	$370,857	$374,988	0.0%
Net Income	$20,705	$415,991	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erin Roche	President/trustee	4.00	Officer Director	$0	$0	$0
Marsha Hoffman	Tresurer/trustee	6.00	Officer Director	$0	$0	$0
Silas Towler	Vice-President/trustee	2.00	Officer Director	$0	$0	$0
Deb Dabrowski	Trustee	2.00	Director	$0	$0	$0
Peter Welch	Trustee	2.00	Director	$0	$0	$0
Nancy Ramsen	Trustee	2.00	Director	$0	$0	$0
Tom Borchert	Trustee	2.00	Director	$0	$0	$0
Tania Bolduc	Trustee	1.00	Director	$0	$0	$0
Deena Miller	Secretary	1.00	Officer Director	$0	$0	$0
Catharine Hayes	Director	40.00	Highest	$61,800	$0	$61,800

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	$391,562	$370,857	$1,512,406	$20,705
2024	$790,979	$374,988	$1,420,592	$415,991
2023	$341,068	$320,107	$890,346	$20,961
2022	$299,461	$296,275	$786,393	$3,186
2021	$321,451	$269,842	$911,943	$51,609

Bixby Memorial Free Library