MILLINOCKET LIBRARY SUPPORT CORPORATION (EIN 842224617) - 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

2019

Legal Domicile

Principal Officer

DIANA FURUKAWA

Phone

2077237020

Tax Period

2024-01-01 to 2024-12-31

MILLINOCKET LIBRARY SUPPORT CORPORATION, founded in 2019, is a micro nonprofit in the Education sector that reported $32K in total revenue in fiscal year 2024. Expenses of $106K exceeded revenue, resulting in a 229% operating deficit.

Mission

TO HOLD, MAINTAIN, AND PRESERVE THE REAL ESTATE USED IN CONNECTION WITH THE MILLINOCKET MEMORIAL 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,000

Investment Income $245

Other Revenue $0

TOTAL REVENUE $32,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,169

Other Expenses $106,169

TOTAL EXPENSES $106,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,245	$32,297	0.0%
Expenses	$106,169	$102,170	+0.0%
Net Income	$-73,924	$-69,873	+0.1%

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

$66,560

Total Directors

$66,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA FURUKAWA	PRESIDENT	1.00	Officer Director	$0	$0	$66,560
STEVE SANDERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALAINA DAISEY	TREASURER	1.00	Officer Director	$0	$0	$0
NICOLE BRENNAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ALBERT FOWLER	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	$32,245	$106,169	$1,635,050	$-73,924
2023	$32,297	$102,170	$1,701,974	$-69,873
2022	$32,095	$111,379	$1,764,847	$-79,284
2021	$32,059	$114,104	$1,837,131	$-82,045
2020	$20,656	$22,022	$1,912,176	$-1,366
2019	No data	No data	$1,906,542	No data

MILLINOCKET LIBRARY SUPPORT CORPORATION