GADSDEN PUBLIC LIBRARY FOUNDATION

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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

2006

Legal Domicile

Principal Officer

RICKEY RAY

Phone

2565494792

Tax Period

2025-01-01 to 2025-12-31

GADSDEN PUBLIC LIBRARY FOUNDATION, founded in 2006, is a micro nonprofit in the Education sector that reported $68K in total revenue in fiscal year 2025. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 46% operating margin.

Mission

THE PURPOSE OF THE FOUNDATION IS TO ENHANCE THE PROGRAMS AND SERVICES OF THE GADSDEN PUBLIC LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $34,505

THE PURPOSE OF THE FOUNDATION IS TO ENHANCE THE PROGRAMS AND SERVICES OF THE GADSDEN PUBLIC LIBRARY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $993

Program Service Revenue $0

Investment Income $5,163

Other Revenue $61,375

TOTAL REVENUE $67,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,505

Other Expenses $36,604

TOTAL EXPENSES $36,604

Year-over-Year Comparison

	2025	2024	Change
Revenue	$67,531	$44,860	+0.5%
Expenses	$36,604	$23,511	+0.6%
Net Income	$30,927	$21,349	+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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
PERSEPHONE BEAVERS	BOARD MEMBER	N/A	Director	$0	$0	$0
CHARI BOSTICK	BOARD MEMBER	N/A	Director	$0	$0	$0
GWEN FORD	BOARD MEMBER	N/A	Director	$0	$0	$0
MEG HUIZINGA	BOARD MEMBER	N/A	Director	$0	$0	$0
JAZMIN LOPEZ	VICE CHAIR	N/A	Officer Director	$0	$0	$0
JIM MCGUIRE	BOARD MEMBER	N/A	Director	$0	$0	$0
RICKEY RAY	CHAIR	N/A	Officer Director	$0	$0	$0
MIKE ROBERTS	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRIS ROBINSON	BOARD MEMBER	N/A	Director	$0	$0	$0
CAROL WRIGHT	LIAISON	N/A	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
2025	$67,531	$36,604	$405,638	$30,927
2019	$35,586	$22,512	$277,137	$13,074
2018	$68,581	$17,686	$243,693	$50,895