Community Free Library

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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

1946

Legal Domicile

Principal Officer

Kelli L Madden

Phone

5856386987

Tax Period

2024-01-01 to 2024-12-31

Community Free Library, founded in 1946, is a small nonprofit that reported $292K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Promote Opportunity Encourge education,serve as a center for informmation and assemble & organize the collection of material having cultural historicial information

Program Service Accomplishments

Program 1

Expenses: $5,531 Revenue: $17,875

Promote Opportunity & Encourge Education Adult Programs 36 Young Adult Programs 36 Childrens Programs 91

Program 2

Expenses: $77,389 Revenue: $24,247

serve a general center for information Number of Patron Visits 24,100 internet use 3100 meeting room use 30

Program 3

Expenses: $0 Revenue: $0

Assemble and organize the collection of books and other material interlibrary loans 3523 interlibrary received 3352 Total circulation 19865

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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 $280,551

Program Service Revenue $0

Investment Income $11,616

Other Revenue $0

TOTAL REVENUE $292,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,474

Fundraising Expenses $0

Program Expenses $82,920

Other Expenses $104,789

TOTAL EXPENSES $308,263

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,167	$259,371	+0.1%
Expenses	$308,263	$285,304	+0.1%
Net Income	$-16,096	$-25,933	-0.4%

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

$67,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tersha Choy	Board President	0.00	Director	$0	$0	$0
Amber Baldorf	Board Vice President	0.00	Director	$0	$0	$0
Heather Emmons	Trustee	0.00	Director	$0	$0	$0
Barb Kerns	Trustee	0.00	Director	$0	$0	$0
Alex Lane	Trustee	0.00	Director	$0	$0	$0
Sandra Shaw	Director	37.50	Officer	$55,500	$0	$55,500
John Kenney	Trustee	0.00	Director	$0	$0	$0
Jillian Hazzard	Trustee	0.00	Director	$0	$0	$0
Amanda Anderson	Treasurer	10.00	Officer	$11,700	$0	$11,700

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	$292,167	$308,263	$423,013	$-16,096
2023	$259,371	$285,304	$277,528	$-25,933
2022	$248,457	$229,763	$401,121	$18,694
2021	$239,569	$377,770	$547,179	$-138,201
2020	$222,166	$208,444	$441,677	$13,722