CHINCOTEAGUE ISLAND LIBRARY INC

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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

1991

Legal Domicile

Principal Officer

PAUL J MILLER

Phone

7573363460

Tax Period

2024-01-01 to 2024-12-31

CHINCOTEAGUE ISLAND LIBRARY INC, founded in 1991, is a small nonprofit in the Education sector that reported $104K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 44% operating margin.

Mission

FREE LIBRARY AND INFORMATION SERVICES INCLUDING INTERNET ACCESS FOR THE LOCAL COMMUNITY WITH EMPHASIS ON LITERACY AND CHILDREN'S READING PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $58,500

FREE LIBRARY AND INFORMATION SERVICES WITH READING PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $76,615

Program Service Revenue $3,553

Investment Income $28,626

Other Revenue $-4,387

TOTAL REVENUE $104,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,500

Other Expenses $58,500

TOTAL EXPENSES $58,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,407	$70,944	+0.5%
Expenses	$58,500	$41,452	+0.4%
Net Income	$45,907	$29,492	+0.6%

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

N/A

Volunteers

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
PAUL J MILLER	PRESIDENT	N/A	Officer Director	$0	$0	$0
LISA REED	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DAVID INGOLD	SECRETARY	N/A	Officer Director	$0	$0	$0
CYNTHIA WILDER	TREASURER	N/A	Officer Director	$0	$0	$0
LOU BENDER	BOARD MEMBER	N/A	Director	$0	$0	$0
NANCY CONKLIN	BOARD MEMBER	N/A	Director	$0	$0	$0
NANCY CUNNINGHAM	BOARD MEMBER	N/A	Director	$0	$0	$0
DIANE FISHER	BOARD MEMBER	N/A	Director	$0	$0	$0
HARRIET LONERGAN	BOARD MEMBER	N/A	Director	$0	$0	$0
BARBARA MASON	BOARD MEMBER	N/A	Director	$0	$0	$0
KATHY MICHAELIAN	BOARD MEMBER	N/A	Director	$0	$0	$0
SUSAN BIRCH PERSTCH	BOARD MEMBER	N/A	Director	$0	$0	$0
BRYCE VANSTAVERN	BOARD MEMBER	N/A	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	$104,407	$58,500	$985,495	$45,907
2023	$70,944	$41,452	$941,293	$29,492
2022	$69,699	$38,679	$911,291	$31,020
2021	$87,581	$38,734	$897,567	$48,847
2020	$119,937	$28,067	$701,346	$91,870