INDEPENDENCE PUBLIC LIBRARY FOUNDATION

EIN: 205528960 501(c)(3) Education

INDEPENDENCE, IA

Total Revenue
$66,828
Total Expenses
$59,611
Total Assets
$420,888
Net Assets
$420,888
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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
2007
Principal Officer
DEBORAH CLARK
Phone
3193342470
Tax Period
2025-01-01 to 2025-12-31

INDEPENDENCE PUBLIC LIBRARY FOUNDATION, founded in 2007, is a micro nonprofit in the Education sector that reported $67K in total revenue in fiscal year 2025. Expenses of $60K left a modest 11% surplus.

Mission

TO STRENGTHEN THE COMMUNITY BY PROVIDING AN ENVIRONMENT WHERE EXCEPTIONAL SERVICE, RELEVANT RESOURCES, AND INSPIRATIONAL OPPORTUNITIES LEAD TO PERSONAL GROWTH AND COLLABORATIVE DEVELOPMENT.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $17,831
Other Revenue $48,997
TOTAL REVENUE $66,828

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $59,611
Other Expenses $59,611
TOTAL EXPENSES $59,611

Year-over-Year Comparison

2025 2024 Change
Revenue $66,828 $68,717 0.0%
Expenses $59,611 $49,386 +0.2%
Net Income $7,217 $19,331 -0.6%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEGGY MAGNER Director 0.00
Director
$0 $0 $0
MIKE RUFFCORN Director 0.00
Director
$0 $0 $0
DEBORAH CLARK President 0.00
Officer
$0 $0 $0
ROBIN BLEICHNER Vice President 0.00
Officer
$0 $0 $0
KATHIE APPLEBY Secretary 0.00
Officer
$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 $66,828 $59,611 $420,888 $7,217
2024 $68,717 $49,386 $412,087 $19,331
2023 $55,142 $39,386 $343,833 $15,756
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