ARMS LIBRARY ASSOCIATION INC (EIN 042949510) - 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

1986

Legal Domicile

Principal Officer

Brianne Benness

Phone

4136250306

Tax Period

2024-07-01 to 2025-06-30

ARMS LIBRARY ASSOCIATION INC, founded in 1986, is a small nonprofit in the Education sector that reported $130K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $161K exceeded revenue, resulting in a 24% operating deficit.

Mission

To provide public library services.

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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 $109,339

Program Service Revenue $196

Investment Income $20,940

Other Revenue $0

TOTAL REVENUE $130,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,676

Fundraising Expenses $0

Program Expenses $159,775

Other Expenses $95,493

TOTAL EXPENSES $161,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,475	$107,055	+0.2%
Expenses	$161,169	$171,198	-0.1%
Net Income	$-30,694	$-64,143	-0.5%

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

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
John Cornman	Trustee	1.5	Director	$0	$0	$0
Peggy Warwick	Trustee	1	Director	$0	$0	$0
Arthur Samuelson	Trustee	1	Director	$0	$0	$0
Karina Lutz	Trustee	1	Director	$0	$0	$0
Brianne Benness	Chairperson	2	Officer Director	$0	$0	$0
Emily Willis	Vice-Chair	1	Officer Director	$0	$0	$0
Sheryl Gilmore	Secretary	1	Officer Director	$0	$0	$0
Dan Alden	Treasurer	2	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
2025	$130,475	$161,169	$2,140,446	$-30,694
2024	$107,055	$171,198	$2,109,201	$-64,143
2023	$89,137	$171,217	$2,121,349	$-82,080
2019	$422,983	$107,289	$2,246,978	$315,694

ARMS LIBRARY ASSOCIATION INC