Hiram, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF SOLDIERS MEMORIAL LIBRARY, founded in 2012, is a small nonprofit in the Education sector that reported $142K in total revenue in fiscal year 2023. Revenue surged 193% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 67% operating margin.
Friends of Soldiers Memorial Library (FoSML) maintains and promotes the public library for the Town of Hiram, and provides public programs such as the children's story hour, educational programs, author presentations, musical entertainment, and community-building events. We also work to maintain and provide for public use two buildings in Hiram Village in which public functions can be hosted. We also actively promote and support the economic well-being of the Library and the Arts Center by the volunteer work of our fund-raising projects.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $142,337 | $48,574 | +1.9% |
| Expenses | $47,355 | $46,511 | +0.0% |
| Net Income | $94,982 | $2,063 | +45.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Caitin Bushnell | Library Director | 15.6 |
Highest
|
$14,153 | $0 | $14,153 |
| Cara Parent | Library Assistant | 5.8 |
Key Emp
|
$4,448 | $0 | $4,448 |
| Mary Hannaford | President | 4 |
Officer
Director
|
$0 | $0 | $0 |
| Patricia Dietzel | Vice President | 3 |
Officer
Director
|
$0 | $0 | $0 |
| Susan Hamilton | Secretary | 10 |
Officer
Director
|
$0 | $0 | $0 |
| Daniel Hester | Treasurer | 10 |
Officer
Director
|
$0 | $0 | $0 |
| Elizabeth Burnett | Director | 2 |
Director
|
$0 | $0 | $0 |
| Michelle Stosez | Director | 1 |
Director
|
$0 | $0 | $0 |
| Amy Wentworth | Director | 2 |
Director
|
$0 | $0 | $0 |
| Sally Williams | Director | 1 |
Director
|
$0 | $0 | $0 |
| Marianne Wyer | Director | 2 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $142,337 | $47,355 | $556,404 | $94,982 |
Compare FRIENDS OF SOLDIERS MEMORIAL LIBRARY with other nonprofits in Maine and across the country.