SPRING CITY FREE PUBLIC LIBRARY (EIN 231365174) - 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

1910

Legal Domicile

Principal Officer

TERESA McCARTHY

Phone

6109484130

Tax Period

2023-01-01 to 2023-12-31

SPRING CITY FREE PUBLIC LIBRARY, founded in 1910, is a small nonprofit that reported $184K in total revenue in fiscal year 2023. Net assets of $1.2M represent 76 months of operating reserves.

Mission

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 (2023)

Revenue Breakdown

Contributions & Grants $181,819

Program Service Revenue $0

Investment Income $1,757

Other Revenue $0

TOTAL REVENUE $183,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,496

Fundraising Expenses $398

Program Expenses $198,883

Other Expenses $97,785

TOTAL EXPENSES $199,281

Year-over-Year Comparison

	2023	2022	Change
Revenue	$183,576	$172,544	+0.1%
Expenses	$199,281	$224,486	-0.1%
Net Income	$-15,705	$-51,942	-0.7%

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

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

$35,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE SKORINA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TERESA McCARTHY	PRESIDENT	1.00	Officer Director	$0	$0	$0
COREY MURRAY	TRUSTEE	1.00	Director	$0	$0	$0
JULIE WIANT	DIRECTOR	35.00	Director Highest	$0	$0	$31,380
BRENDA MCFADDEN	SECRETARY	1.00	Officer Director	$0	$0	$0
MELISSA KING	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
CARRIE WANISH	TRUSTEE	1.00	Director	$0	$0	$0
GWENDOLYN GATTO	DIRECTOR	35.00	Director	$0	$0	$3,846

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	No data	No data	No data	No data
2023	$183,576	$199,281	$1,155,838	$-15,705
2022	$172,544	$224,486	$1,171,543	$-51,942
2021	$145,291	$173,679	$1,223,485	$-28,388
2020	$137,734	$183,049	$1,251,872	$-45,315
2019	$124,961	$183,259	$1,297,188	$-58,298
2018	$118,127	$163,975	$1,355,486	$-45,848

SPRING CITY FREE PUBLIC LIBRARY