PIONEER MEMORIAL LIBRARY FOUNDATIO… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

PATRICK TOTH

Phone

7854604470

Tax Period

2024-01-01 to 2024-12-31

PIONEER MEMORIAL LIBRARY FOUNDATION INC, founded in 1964, is a micro nonprofit in the Education sector that reported $77K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $337K exceeded revenue, resulting in a 339% operating deficit.

Mission

THE LIBRARY FOUNDATION PROVIDES FUNDS TO PIONEER MEMORIAL LIBRARY PROGRAMS THAT ARE NOT GENERALLY SUPPORTED BY PUBLIC LIBRARY FUNDING.

Program Service Accomplishments

Program 1

Expenses: $335,000

THE LIBRARY FOUNDATION PROVIDES FUNDS TO PIONEER MEMORIAL LIBRARY PROGRAMS THAT ARE NOT GENERALLY SUPPORTED BY PUBLIC LIBRARY FUNDING, INCLUDING SUPPORTING THE CHILDREN'S SUMMER PROGRAM.

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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 $58,693

Program Service Revenue $0

Investment Income $18,094

Other Revenue $0

TOTAL REVENUE $76,787

Expense Breakdown

Grants Paid $335,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $335,000

Other Expenses $2,115

TOTAL EXPENSES $337,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,787	$48,549	+0.6%
Expenses	$337,115	$5,763	+57.5%
Net Income	$-260,328	$42,786	-7.1%

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

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
PATRICK TOTH	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK WEISHAAR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GRACE MCCOY	SECRETARY	1.00	Officer Director	$0	$0	$0
KIEL ROEHL	TREASURER	1.00	Officer Director	$0	$0	$0
KARA KUHLMAN	MEMBER	1.00	Director	$0	$0	$0
JO KRAUS	MEMBER	1.00	Director	$0	$0	$0
NIKOL NOLAN	MEMBER	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
2025	No data	No data	No data	No data
2024	$76,787	$337,115	$242,992	$-260,328
2023	$48,549	$5,763	$491,491	$42,786
2022	$283,357	$1,490	$450,619	$281,867

PIONEER MEMORIAL LIBRARY FOUNDATION INC