GOODNOW LIBRARY FOUNDATION INC C/O… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

CRAIG FORESTER

Phone

6173382422

Tax Period

2023-01-01 to 2023-12-31

GOODNOW LIBRARY FOUNDATION INC C/O CRAIG FORESTER, founded in 2008, is a small nonprofit in the Education sector that reported $123K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $657K represent 64 months of operating reserves.

Mission

THE GOODNOW LIBRARY FOUNDATION'S MISSION IS TO PROVIDE FUNDING ON A SUSTAINABLE ENDOWED BASIS TO SUPPORT THE IMPROVEMENT AND ENHANCEMENT OF THE GOODNOW LIBRARY AND TO PROMOTE ITS USE BY THE COMMUNITY.

Program Service Accomplishments

Program 1

ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES BY CONDUCTING SUPPORTING ACTIVITIES FOR THE BENEFIT OF THE GOODNOW LIBRARY, THE TOWN OF SUDBURY 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $61,218

Program Service Revenue $325

Investment Income $17,919

Other Revenue $43,290

TOTAL REVENUE $122,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,280

Fundraising Expenses $0

Program Expenses $20,145

Other Expenses $57,801

TOTAL EXPENSES $126,081

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,752	$98,209	+0.2%
Expenses	$126,081	$167,289	-0.2%
Net Income	$-3,329	$-69,080	-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

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
MARISA LUTZ	DIRECTOR	1.00	Director	$0	$0	$0
GERALD KIMBER WHITE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HELEN CRARY	PRESIDENT	1.00	Officer Director	$0	$0	$0
HOLLY BERNENE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE DELANEY	DIRECTOR	1.00	Director	$0	$0	$0
JUDY PETROVIC	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA PUNDIT	DIRECTOR	1.00	Director	$0	$0	$0
KATE RYAN	DIRECTOR	1.00	Director	$0	$0	$0
LORING LABARBERA SCHWARZ	DIRECTOR	1.00	Director	$0	$0	$0
JILL RIZZOTTI	DIRECTOR AND CLERK	1.00	Director	$0	$0	$0
SARH THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG FORESTER	DIRECTOR AND TREASURER	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$122,752	$126,081	$658,098	$-3,329
2022	$98,209	$167,289	$594,362	$-69,080
2021	$178,834	$89,889	$753,558	$88,945
2020	$134,759	$81,452	$612,620	$53,307
2019	$104,814	$83,031	$511,069	$21,783
2018	$162,920	$439,530	$396,356	$-276,610

GOODNOW LIBRARY FOUNDATION INC C/O CRAIG FORESTER