LAKEWOOD MEMORIAL LIBRARY (EIN 166066036) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

NANCY PADAK

Phone

7167636234

Tax Period

2024-01-01 to 2024-12-31

LAKEWOOD MEMORIAL LIBRARY, founded in 1968, is a small nonprofit in the Education sector that reported $215K in total revenue in fiscal year 2024. Expenses of $267K exceeded revenue, resulting in a 24% operating deficit.

Mission

LIBRARY FOR THE GENERAL PUBLIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $182,935

Program Service Revenue $0

Investment Income $18,649

Other Revenue $13,127

TOTAL REVENUE $214,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,183

Fundraising Expenses $12,231

Program Expenses $222,527

Other Expenses $113,337

TOTAL EXPENSES $266,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,711	$215,235	0.0%
Expenses	$266,520	$251,258	+0.1%
Net Income	$-51,809	$-36,023	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$68,069

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON M TAYLOR	LIBRARY DIRE	40.00	Officer	$60,325	$7,744	$68,069
NANCY PADAK	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE SWANSON	SECRETARY	1.00	Officer Director	$0	$0	$0
LYNN KINNEAR	TRUSTEE	1.00	Director	$0	$0	$0
MITCH KLEIN	TREASURER	1.00	Officer Director	$0	$0	$0
MARIA MALMSTRM	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS SPRY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JADE BARBER	TRUSTEE	1.00	Director	$0	$0	$0
LISA VANDEWARK	TRUSTEE	1.00	Director	$0	$0	$0
LISA YAGGIE	TRUSTEE	1.00	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	$214,711	$266,520	$1,211,811	$-51,809
2023	$215,235	$251,258	$1,237,840	$-36,023
2022	$609,773	$356,063	$1,253,478	$253,710
2021	$304,933	$297,692	$1,081,298	$7,241
2020	$240,818	$237,067	$1,047,082	$3,751
2019	$216,075	$214,803	$1,030,513	$1,272
2018	$279,996	$209,096	$990,559	$70,900

LAKEWOOD MEMORIAL LIBRARY