MINOA FREE LIBRARY (EIN 150574854) - 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

1935

Legal Domicile

Principal Officer

LORI FARRELL

Phone

3156567401

Tax Period

2023-01-01 to 2023-12-31

MINOA FREE LIBRARY, founded in 1935, is a small nonprofit in the Education sector that reported $284K in total revenue in fiscal year 2023.

Mission

OPERATION OF A FREE PUBLIC LIBRARY TO MAKE READING MATERIAL AVAILABLE AND ACCESSIBLE TO THE GENERAL PUBLIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $278,662

Program Service Revenue $3,549

Investment Income $2,227

Other Revenue $0

TOTAL REVENUE $284,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,401

Fundraising Expenses $4,013

Program Expenses $281,310

Other Expenses $154,586

TOTAL EXPENSES $307,987

Year-over-Year Comparison

	2023	2022	Change
Revenue	$284,438	$284,060	+0.0%
Expenses	$307,987	$319,881	0.0%
Net Income	$-23,549	$-35,821	-0.3%

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

$51,084

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS CARLIN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DESIREE SCHEPP	TRUSTEE	0.50	Director	$0	$0	$0
MICHELE COOLBETH	TRUSTEE	0.50	Director	$0	$0	$0
CINDY ROGERS	TRUSTEE	0.50	Director	$0	$0	$0
LINDA STODDARD	PRESIDENT	0.50	Officer Director	$0	$0	$0
ANGELA KLOCK	SECRETARY	0.50	Officer Director	$0	$0	$0
PATRICIA DEBERJEOIS	TRUSTEE	0.50	Director	$0	$0	$0
LAURA RAVERA	DIRECTOR	35.00	Officer	$42,079	$0	$42,079
LORI FARRELL	TREASURER	5.00	Officer	$9,005	$0	$9,005

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$284,438	$307,987	$337,121	$-23,549
2022	$284,060	$319,881	$360,670	$-35,821
2021	$262,641	$278,710	$396,491	$-16,069
2020	$258,174	$258,641	$412,560	$-467
2019	$275,301	$259,143	$413,027	$16,158
2018	$262,441	$256,407	$396,869	$6,034

MINOA FREE LIBRARY