SOMERVILLE PUBLIC LIBRARY FOUNDATION INC (EIN 844438599) - Form 990 Financial Analysis & Trantor Score

🔒

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

2019

Legal Domicile

Principal Officer

CHRIS LUDLOW

Phone

6176235000

Tax Period

2023-07-01 to 2024-06-30

SOMERVILLE PUBLIC LIBRARY FOUNDATION INC, founded in 2019, is a micro nonprofit in the Education sector that reported $29K in total revenue in fiscal year 2023. The organization ran a surplus of $12K, a strong 42% operating margin.

Mission

TO DIRECT AND MANAGE PROMOTIONAL AND FUNDRAISING ACTIVITIES FOR THE BENEFIT OF THE SOMERVILLE PUBLIC 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 (2023)

Revenue Breakdown

Contributions & Grants $3,973

Program Service Revenue $0

Investment Income $29,822

Other Revenue $-4,658

TOTAL REVENUE $29,137

Expense Breakdown

Grants Paid $12,177

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,654

Other Expenses $4,759

TOTAL EXPENSES $16,936

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,137	$-34,350	-1.8%
Expenses	$16,936	$12,347	+0.4%
Net Income	$12,201	$-46,697	-1.3%

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

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
MAREN CHIU	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS LUDLOW	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREA PAULSON	CLERK	1.00	Officer Director	$0	$0	$0
RUTH FARRIS	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE AUSPITZ	DIRECTOR	1.00	Director	$0	$0	$0
MARY CASSESSO	DIRECTOR	1.00	Director	$0	$0	$0
VLADIMIR BENOIT	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
2025	No data	No data	No data	No data
2024	$29,137	$16,936	$1,775,392	$12,201
2023	$-34,350	$12,347	$1,691,133	$-46,697
2022	$7,656	$4,594	$293,774	$3,062
2021	$-17,169	$21,910	$345,444	$-39,079
2020	$376,750	$7,054	$376,750	$369,696

SOMERVILLE PUBLIC LIBRARY FOUNDATION INC