ADAMS PUBLIC LIBRARY (EIN 454182305) - 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

2011

Legal Domicile

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.

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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 $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

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

$32,141

Total Directors

$32,141

Key Employees

Highest Compensated

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

ADAMS PUBLIC LIBRARY