Bradford Public Library
Nonprofit profile at a glance
- EIN
- 030181210
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Bradford, VT, USA
- Phone
- 3039105991
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $131,061
- Expenses
- $131,992
- Assets
- $2,615,260
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Highest reported compensation
- Gail Trede (Director Librarian): $40,612 total reported compensation
- Betsy Kane (Associate Librarian): $21,404 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To operate a public library for the town of Bradford VT from its historic Woods Library Building. We provide books inter-library loans audio books magazines internet and computer programming access fax services in addition to robust children and adult programming. We also provide important community meeting space. Since the onset of COVID-19 we have served as an essential repository for free meal distribution and other COVID-related resources for the community.
What it reported doing in 2024
Collection books magazines audiobook subscription service etc
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 16
- Transparency & Controls: 83
- Accountability: 63
- Sustainability: 55
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.4%; rating input score 18
- Program expense ratio: 18.3%; rating input score 18
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 9 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -0.7%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 19.81; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 47%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: -9.2% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 0.5% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 18.4% of revenue deployed · 18.3% of spending went to programs
- Governance: 14 of 14 board members independent · 1 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $24K in reported program spending
- Leadership: top reported pay $41K · 16 people listed
- Consistency: 41 of 43 current checks pass · 2 findings to review
- Schedules: 4 filed schedules
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 18/100.
- High — Financial Efficiency: Program expense ratio scored 18/100.
- High — Accountability: Governance controls: 6 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 4/100.