WOBURN PUBLIC LIBRARY FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

MARK SALVATI

Phone

7819351368

Tax Period

2022-07-01 to 2023-06-30

WOBURN PUBLIC LIBRARY FOUNDATION, founded in 2013, is a small nonprofit in the Education sector that reported $108K in total revenue in fiscal year 2022. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $101K left a modest 7% surplus.

Mission

TO RAISE FUNDS TO SUPPORT WOBURN PUBLIC LIBRARY IN ITS ENDEAVOR TO RENOVATE AND EXPAND THE LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $87,584 Revenue: $-18,040

RAISE FUNDS TO SUPPORT WOBURN PUBLIC LIBRARY IN ITS ENDEAVOR TO RENOVATE AND EXPAND THE LIBRARY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $115,049

Program Service Revenue $0

Investment Income $-6,710

Other Revenue $0

TOTAL REVENUE $108,339

Expense Breakdown

Grants Paid $87,584

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,584

Other Expenses $13,350

TOTAL EXPENSES $100,934

Year-over-Year Comparison

	2022	2021	Change
Revenue	$108,339	$66,874	+0.6%
Expenses	$100,934	$11,276	+8.0%
Net Income	$7,405	$55,598	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EILEEN DOHERTY	DIRECTOR	2.000	Director	$0	$0	$0
CORNELIA MCGILVARY	TREASURER	2.000	Officer Director	$0	$0	$0
MEGHAN NEEDHAM	IMP	2.000	Director	$0	$0	$0
ELAINE CONLEY-PIERCE	DIRECTOR	2.000	Director	$0	$0	$0
LILA TOCCI	DIRECTOR	2.000	Director	$0	$0	$0
JENNIFER MAHON	DIRECTOR	2.000	Director	$0	$0	$0
MARK SALVATI	PRESIDENT	2.000	Officer Director	$0	$0	$0
ERNEST DOHERTY	DIRECTOR	2.000	Director	$0	$0	$0
JENNIFER BAKER JONES	VPDIRECTOR	2.000	Officer Director	$0	$0	$0
AMANDA SHUTT	CLERKDIRECTOR	2.000	Officer Director	$0	$0	$0
RICHARD MAHONEY	TRUSTEE LIASON	2.000	Director	$0	$0	$0
PATRICK GORDON	DIRECTOR	2.000	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$108,339	$100,934	$454,112	$7,405
2023	$108,339	$100,934	$454,112	$7,405
2022	$66,874	$11,276	$431,229	$55,598