ADAMS PUBLIC LIBRARY

EIN: 454182305 501(c)(3) Education

CENTRAL FALLS, RI

Total Revenue
$203,112
Total Expenses
$259,662
Total Assets
$1,083,525
Net Assets
$1,077,959
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
RI
Principal Officer
MICHELLE ARIAS
Phone
4017277440
Tax Period
2023-07-01 to 2024-06-30

ADAMS PUBLIC LIBRARY, founded in 2011, is a small nonprofit in the Education sector that reported $203K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $260K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO SERVE CENTRAL FALLS RESIDENTS OF ALL AGES BY PROVIDING ACCESS TO MATERIALS AND SERVICES WHICH MEET THEIR INFORMATIONAL, EDUCATIONAL AND RECREATIONAL NEEDS.

Program Service Accomplishments

Program 1
Expenses: $212,320 Revenue: $35,921

PROVIDING ACCESS TO MATERIALS AND SERVICES WHICH MEET INFORMATIONAL, EDUCATIONAL, AND RECREATIONAL NEEDS AND INTERESTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $167,521
Program Service Revenue $761
Investment Income $29,160
Other Revenue $5,670
TOTAL REVENUE $203,112

Expense Breakdown

Grants Paid $0
Salaries & Benefits $152,578
Fundraising Expenses $0
Program Expenses $212,320
Other Expenses $107,084
TOTAL EXPENSES $259,662

Year-over-Year Comparison

2023 2022 Change
Revenue $203,112 $233,476 -0.1%
Expenses $259,662 $253,897 +0.0%
Net Income $-56,550 $-20,421 +1.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
12
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
2
$32,141
Total Directors
7
$32,141
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON CHOPOORIAN DIRECTOR 1.00
Director
$0 $0 $0
JANICE ARGENTIERI DIRECTOR 1.00
Director
$0 $0 $0
JAMES DIOSSA PRESIDENT 1.00
Officer Director
$0 $0 $0
DIANA CARVALHO TREASURER 1.00
Officer Director
$32,141 $0 $32,141
ZULEYMA GOMEZ DIRECTOR 1.00
Director
$0 $0 $0
TRACEY GIRON DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA MUHLBACH 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
2024 $203,112 $259,662 $1,083,525 $-56,550
2023 $233,476 $253,897 $1,084,902 $-20,421
2022 $238,702 $287,367 $1,064,794 $-48,665
2021 $223,579 $245,732 $1,212,150 $-22,153
2020 $198,986 $224,529 $1,056,073 $-25,543
2019 $310,992 $282,713 $1,080,818 $28,279
2018 $256,026 $284,170 $1,082,500 $-28,144
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