Wayne Library Association
Nonprofit profile at a glance
- EIN
- 016010995
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Wayne, ME, USA
- Phone
- 2076853612
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Standard
Reported finances
- Revenue
- $187,661
- Expenses
- $135,282
- Assets
- $1,952,638
- Liabilities
- $5,191
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Don Welsh (Board President)
- Andrew Gorrill (Vice President)
People named in this filing
- Judy Danielson (Finance Chair)
- Parker Peltzer (Trustee)
- Frank Smith (Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To engage, inform, and enrich library users by providing a welcoming space for books, collections, programs and activities
What it reported doing in 2024
The Friends of the Libary are made up of members of the library. This group fundraises which helps to support the libarys mission by contributing to the purchase of books, magazines, DVDs, audio books kids programs, summer intern and the library download program.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - 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: 29
- Transparency & Controls: 100
- Accountability: 76
- Sustainability: 80
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 33.7%; rating input score 34
- Program expense ratio: 23.6%; rating input score 24
- Fundraising efficiency: $5.07 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 27.9%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 14.43; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -5.1% per year; rating input score 0; 17th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 4.8% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 33.7% of revenue deployed · 23.6% of spending went to programs
- Governance: 9 of 9 board members independent · 3 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $32K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
- High — Financial Efficiency: Program expense ratio scored 24/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 22/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.