WELLS PUBLIC LIBRARY FOUNDATION INC

EIN: 454551792 501(c)(3) Education

WELLS, ME

Total Revenue
$76,245
Total Expenses
$1,066,204
Total Assets
$16,968
Net Assets
$16,968
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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
ME
Principal Officer
JACQUELINE BOYKO
Tax Period
2017-07-01 to 2018-06-30

WELLS PUBLIC LIBRARY FOUNDATION INC, founded in 2011, is a micro nonprofit in the Education sector that reported $76K in total revenue in fiscal year 2017. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 1298% operating deficit.

Mission

PROCURING, MANAGING AND ADMINISTERING FUNDS FOR THE SUPPORT OF THE PROGRAMS AND FACILITIES OF THE WELLS PUBLIC 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%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $76,245
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $76,245

Expense Breakdown

Grants Paid $1,063,928
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,066,204
Other Expenses $2,276
TOTAL EXPENSES $1,066,204

Year-over-Year Comparison

2017 2016 Change
Revenue $76,245 $651,003 -0.9%
Expenses $1,066,204 N/A N/A
Net Income $-989,959 $651,003 -2.5%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACQUELINE BOYKO CHAIR 5.00
Officer
$0 $0 $0
PETER MASUCCI TREASURER 5.00
Officer
$0 $0 $0
CHARLOTTE STREETER SECRETARY 5.00
Officer
$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
2018 $76,245 $1,066,204 $16,968 $-989,959
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