FRIENDS OF VETERANS MEMORIAL LIBRARY (EIN 872818803) - 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

2021

Legal Domicile

Principal Officer

RAE M BATES

Phone

2075282164

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF VETERANS MEMORIAL LIBRARY, founded in 2021, is a small nonprofit in the Education sector that reported $286K in total revenue in fiscal year 2025. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $202K, a strong 71% operating margin.

Mission

OUR MISSION IS TO RAISE AND STEWARD PHILANTHROPIC RESOURCES TO BUILD, SUSTAIN, AND ENRICH A COMMUNITY LIBRARY AND COMMUNITY CENTER,ENSURING LASTING ACCESS TO VITAL LIBRARY SERVICES AND LIFE LONG LEARNING FOR ALL.

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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 (2025)

Revenue Breakdown

Contributions & Grants $281,496

Program Service Revenue $0

Investment Income $4,094

Other Revenue $541

TOTAL REVENUE $286,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $70,847

Program Expenses $5,734

Other Expenses $84,162

TOTAL EXPENSES $84,162

Year-over-Year Comparison

	2025	2024	Change
Revenue	$286,131	$187,275	+0.5%
Expenses	$84,162	$94,537	-0.1%
Net Income	$201,969	$92,738	+1.2%

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

N/A

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
RAE M BATES	PRESIDENT/CHAIRPERSON	15.00	Officer	$0	$0	$0
DAVID P MICHAUD	TREASURER	5.00	Officer	$0	$0	$0
TERRY PETTENGILL	VICE CHAIRPERSON	3.00	Officer	$0	$0	$0
ROWENA HARVEY	SECRETARY	2.00	Officer	$0	$0	$0
JULIE BUHLER	DIRECTOR	2.00	Director	$0	$0	$0
LINDSAY DOWNING	DIRECTOR	2.00	Director	$0	$0	$0
SHARON MCPHEE	DIRECTOR	2.00	Director	$0	$0	$0
JEANNE ROY	DIRECTOR	2.00	Director	$0	$0	$0
ALICIA MCNALLY	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN BUHLER	DIRECTOR	2.00	Director	$0	$0	$0
RHONDA HARVEY	DIRECTOR	2.00	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	$286,131	$84,162	$419,587	$201,969

FRIENDS OF VETERANS MEMORIAL LIBRARY