Torrington Library
Torrington, Connecticut
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Excellent
How This Organization Compares
Compared to 4 peers in Education with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $2,829,844↑30% | $1,405,662↑2% | $40,433,302↓1% | — |
| 2022 | $2,177,156↑6% | $1,373,374↑7% | $40,781,001↑5% | — |
| 2021 | $2,061,577↑159% | $1,286,245↑8% | $38,965,104↑12% | — |
| 2020 | $797,308↓36% | $1,188,966↑9% | $34,676,374↑2% | — |
| 2019 | $1,247,375↓28% | $1,089,970↑2% | $33,879,454↑10% | — |
| 2018 | $1,723,765↓32% | $1,063,840↑2% | $30,853,256↓4% | — |
| 2017 | $2,526,602↑46% | $1,042,376↑35% | $32,054,870↑8% | — |
| 2016 | $1,733,840↓37% | $770,614↓8% | $29,553,869↑8% | — |
| 2015 | $2,774,006↑44% | $837,413↓1% | $27,418,118↓1% | — |
| 2014 | $1,929,206↑13% | $841,805↑5% | $27,771,712↑6% | — |
| 2013 | $1,708,131↑4% | $800,992↑3% | $26,276,844↑17% | — |
| 2012 | $1,635,545↑25% | $778,285↑3% | $22,441,447↑7% | — |
| 2011 | $1,310,189 | $755,957 | $21,047,752 | — |
Frequently Asked Questions
What does Torrington Library do?▼
Torrington Library is a education nonprofit organization based in Connecticut. It is classified under NTEE code B820 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Torrington Library financially healthy?▼
Based on our 9-metric Financial Health Score model, Torrington Library has a score of 91/100 (Grade: A). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Torrington Library generate?▼
Torrington Library reports $2.3M in annual revenue and holds $42.6M in total assets, based on IRS filings.
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