TAZEWELL COUNTY PUBLIC LIBRARY FOUNDATION (EIN 061827686) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

ERICA GALLOWAY

Phone

2769882541

Tax Period

2023-07-01 to 2024-06-30

TAZEWELL COUNTY PUBLIC LIBRARY FOUNDATION, founded in 2010, is a small nonprofit in the Education sector that reported $767K in total revenue in fiscal year 2021. Revenue surged 178273% from the prior year, signaling strong growth momentum. The organization ran a surplus of $749K, a strong 98% operating margin.

Mission

To promote, encourage, support, and aid Tazewell County Public Library in it's existing and/or future enterprises; generate grants, gifts, and community support for such purposes.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $214,392

Program Service Revenue $0

Investment Income $586

Other Revenue $0

TOTAL REVENUE $214,978

Expense Breakdown

Grants Paid $159,283

Salaries & Benefits $0

Fundraising Expenses $14,269

Program Expenses $159,832

Other Expenses $15,486

TOTAL EXPENSES $174,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,978	$345,612	-0.4%
Expenses	$174,769	$1,127,571	-0.8%
Net Income	$40,209	$-781,959	-1.1%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ERICA GALLOWAY	Secretary	Director	$0	$0	$0
REGINA ROBERTS	President	Director	$0	$0	$0
JOHN WILLIS	Treasurer	Director	$0	$0	$0
WENDY BARRINGER	Director	Director	$0	$0	$0
KAREL RYAN	Director	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
2024	$214,978	$174,769	$318,085	$40,209
2023	$345,612	$1,127,571	$277,876	$-781,959
2022	$767,002	$18,263	$1,059,835	$748,739

TAZEWELL COUNTY PUBLIC LIBRARY FOUNDATION