KNOX COUNTY PUBLIC LIBRARY FOUNDATION INC (EIN 205946028) - Form 990 Financial Analysis & Trantor Score

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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

WILLARD L CARR CPA

Phone

8652158713

Tax Period

2021-01-01 to 2021-12-31

KNOX COUNTY PUBLIC LIBRARY FOUNDATION INC, founded in 2006, is a micro nonprofit in the Education sector that reported $12K in total revenue in fiscal year 2021. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $23K exceeded revenue, resulting in a 92% operating deficit.

Mission

IN AN EFFORT TO PROVIDE A STRONG PUBLIC LIBRARY NECESSARY FOR A HEALTHY AND VIABLE COMMUNITY, THE FOUNDATION WILL COLLECT, INVEST, AND DISTRIBUTE FUNDS DONATED FOR THE IMPROVEMENT OF THE KNOX COUNTY LIBRARY SYSTEM.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,189

Program Service Revenue $0

Investment Income $10,974

Other Revenue $0

TOTAL REVENUE $12,163

Expense Breakdown

Grants Paid $21,129

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,677

Other Expenses $2,239

TOTAL EXPENSES $23,368

Year-over-Year Comparison

	2021	2020	Change
Revenue	$12,163	$8,616	+0.4%
Expenses	$23,368	$20,881	+0.1%
Net Income	$-11,205	$-12,265	-0.1%

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

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
LINDA GAY BLANC	DIRECTOR	0.00	Director	$0	$0	$0
WILLARD L CARR	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF JOHNSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LOIS ROSS	SECRETARY	0.00	Officer Director	$0	$0	$0
CLAIRE SERRELL	DIRECTOR	0.00	Director	$0	$0	$0
JULIE WEBB	DIRECTOR	0.00	Director	$0	$0	$0
GINNA MASHBURN	DIRECTOR	0.00	Director	$0	$0	$0
MIRANDA CLARK	DIRECTOR	0.00	Director	$0	$0	$0
ANGELA NYSTROM	DIRECTOR	0.00	Director	$0	$0	$0
JEROME MILLER	DIRECTOR	0.00	Director	$0	$0	$0
KRISTI ATWOOD	DIRECTOR	0.00	Director	$0	$0	$0
RUSHA SAMS	DIRECTOR	0.00	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
2021	$12,163	$23,368	$509,022	$-11,205
2020	$8,616	$20,881	$637,850	$-12,265
2019	$50,903	$50,918	$494,390	$-15
2018	$28,379	$11,708	$464,759	$16,671

KNOX COUNTY PUBLIC LIBRARY FOUNDATION INC