BEVERLY FRIENDS OF THE LIBRARY

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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

2006

Legal Domicile

Principal Officer

Dwight Trader

Phone

7405161790

Tax Period

2023-10-01 to 2024-09-30

BEVERLY FRIENDS OF THE LIBRARY, founded in 2006, is a micro nonprofit in the Education sector that reported $6K in total revenue in fiscal year 2023. The organization ran a surplus of $1K, a strong 21% operating margin.

Mission

It is the mission of the Beverly Friends of the Library to provide assistance to the Lyman Pomeroy Branch of the Washington County Public Library through volunteer service and financial support for the needs beyond the library's regular budget.

Program Service Accomplishments

Program 1

Expenses: $4,800 Revenue: $6,144

Summer reading program for youth and adults, monthly library night out educational activities, library equipment and supplies outside the scope of the local budget, purchase of books and...

Summer reading program for youth and adults, monthly library night out educational activities, library equipment and supplies outside the scope of the local budget, purchase of books and subscriptions and placement of little library boxes in 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $6,114

Other Revenue $0

TOTAL REVENUE $6,114

Expense Breakdown

Grants Paid $4,800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,800

Other Expenses $0

TOTAL EXPENSES $4,800

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,114	$6,114	N/A
Expenses	$4,800	$4,800	N/A
Net Income	$1,314	$1,314	N/A

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
Susanne Burchett	President	1.5	Officer	$0	$0	$0
Kay Shreve	Vice-President	1.5	Officer	$0	$0	$0
Sue Sampson	Secretary	1.5	Officer	$0	$0	$0
Dwight Trader	Treasurer	1.5	Officer	$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	$6,114	$4,800	$393,299	$1,314