MARION LIBRARY ASSOCIATION (EIN 042151737) - 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

1989

Legal Domicile

Principal Officer

ELIZABETH A SHERRY

Phone

5087481252

Tax Period

2024-07-01 to 2025-06-30

MARION LIBRARY ASSOCIATION, founded in 1989, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 177% from the prior year, signaling strong growth momentum. The organization ran a surplus of $575K, a strong 53% operating margin.

Mission

TO PROVIDE LIBRARY SERVICES TO THE GENERAL PUBLIC AND SURROUNDING COMMUNITIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $991,657

Program Service Revenue $60,330

Investment Income $26,648

Other Revenue $3,600

TOTAL REVENUE $1,082,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,288

Fundraising Expenses $0

Program Expenses $499,705

Other Expenses $270,916

TOTAL EXPENSES $507,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,082,235	$390,815	+1.8%
Expenses	$507,204	$326,932	+0.6%
Net Income	$575,031	$63,883	+8.0%

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

Volunteers

N/A

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

$80,332

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH A SHERRY	EXECUTIVE DI	40.00	Director	$80,332	$0	$80,332
CHRISTINA BONNEY	DIRECTOR	N/A	Director	$0	$0	$0
LAURA E DADAGIAN-O'ROURKE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DAVID FINN-CLARKE	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOYCE LEBLANC	DIRECTOR	N/A	Director	$0	$0	$0
KYLE PARDO	SECRETARY	N/A	Officer 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	$1,082,235	$507,204	$1,660,436	$575,031
2024	No data	No data	No data	No data
2023	$396,028	$346,372	$826,532	$49,656
2022	$348,248	$291,430	$738,883	$56,818
2021	$319,020	$245,815	$780,139	$73,205
2020	$250,589	$229,543	$595,745	$21,046
2019	$265,711	$254,323	$535,200	$11,388
2018	$269,642	$221,138	$507,642	$48,504

MARION LIBRARY ASSOCIATION