FRIENDS OF THE WAMEGO PUBLIC LIBRARY INC (EIN 813763330) - 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

2017

Legal Domicile

Principal Officer

MICHELE JOHNSON

Phone

7854569181

Tax Period

2021-01-01 to 2021-12-31

FRIENDS OF THE WAMEGO PUBLIC LIBRARY INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2021. Revenue surged 13327% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 4% surplus.

Mission

RAISE MONEY TO SUPPORT THE SERVICES OFFERED BY THE WAMEGO PUBLIC LIBRARY, ENSURING THAT THE LIBRARY CONTINUES TO BE AN IMPORTANT RESOURCE FOR THE COMMUNITY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,268,411

Program Service Revenue $0

Investment Income $0

Other Revenue $-998

TOTAL REVENUE $1,267,413

Expense Breakdown

Grants Paid $1,215,495

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,215,781

Other Expenses $286

TOTAL EXPENSES $1,215,781

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,267,413	$9,439	+133.3%
Expenses	$1,215,781	$9,737	+123.9%
Net Income	$51,632	$-298	-174.3%

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

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
HALLIE HATFIELD	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY HILDRETH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MICHELE JOHNSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
LORI SHERMOEN	TREASURER	1.00	Officer 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
2021	$1,267,413	$1,215,781	$73,329	$51,632

FRIENDS OF THE WAMEGO PUBLIC LIBRARY INC