Penn Wynne Library Association

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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

1932

Legal Domicile

Principal Officer

KATIE CLAY

Phone

6106427844

Tax Period

2018-01-01 to 2018-12-31

Penn Wynne Library Association, founded in 1932, is a micro nonprofit that reported $66K in total revenue in fiscal year 2018.

Mission

Penn Wynne Library Association provides library services to community members of all ages by supplying books, electronic resources, videos, music and programs free of charge throughout the year.

Program Service Accomplishments

Program 1

Expenses: $43,744

Penn Wynne Library supplies books, periodicals, movies, and music, in print and in electronic formats. The library also has a collection of museum memberships available to borrow for up to three...

Penn Wynne Library supplies books, periodicals, movies, and music, in print and in electronic formats. The library also has a collection of museum memberships available to borrow for up to three days. Our head librarian selects the books and materials to best meet the needs of our patrons, and we subscribe to a state network that allows our patrons a larger variety of choices, available within days of placing a request.

Program 2

Expenses: $6,854

The library hosts a number of programming events throughout the year, from story times and book clubs to educational visits from zoos and museums to coding classes and STEM exercises. In 2017, we had a visit from alpacas, a Peeps diorama contest, children's book clubs, police story times, animal visits, music and craft programs. Adults learned about meditation, personal computer tips, home organizing and more. Over 10,000 people use our wireless internet and/or our public computers, and we were able to give tutorials on computer and iPad usage with our own equipment.

Program 3

Expenses: $8,190

The Penn Wynne Library Association's primary goal is to raise money to stock and maintain the library's collections, to support educational programs, and to ensure these resources are available to...

The Penn Wynne Library Association's primary goal is to raise money to stock and maintain the library's collections, to support educational programs, and to ensure these resources are available to our community free of charge. Our fundraising activities included a 5K held in partnership with the local elementary school, shoe drive for micro businesses in developing countries, fund drive letters, a wine and dessert pairing, bake and book sales, and Touch a Truck. We appreciate all of our donors and most of our funding comes from the fund drives; however, we have a variety of fundraising events to engage community members who may not realize all the library has to offer or may have ideas of how we can improve our offerings.

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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 (2018)

Revenue Breakdown

Contributions & Grants $44,634

Program Service Revenue $20,949

Investment Income $0

Other Revenue $0

TOTAL REVENUE $65,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,189

Program Expenses $58,788

Other Expenses $64,029

TOTAL EXPENSES $64,029

Year-over-Year Comparison

	2018	2017	Change
Revenue	$65,583	$63,745	+0.0%
Expenses	$64,029	$60,333	+0.1%
Net Income	$1,554	$3,412	-0.5%

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

N/A

Independent Members

N/A

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
KRISTIN BURR	Trustee	N/A	Director	$0	$0	$0
JULIE KARP	Trustee	2.000	Director	$0	$0	$0
JUDY SORET	Head Librarian	N/A	Key Emp	$0	$0	$0
STACY GAVIN	Treasurer	N/A	Officer Director	$0	$0	$0
JULIA AGNEW	Corresponding Secy	N/A	Officer Director	$0	$0	$0
JENNIFER BEALE	Trustee	N/A	Director	$0	$0	$0
JEANNE BENEDICT	Trustee	N/A	Director	$0	$0	$0
SARAH BOLDIN	CoPresident	4.000	Officer Director	$0	$0	$0
KATIE CLAY	President	2.000	Officer Director	$0	$0	$0
KARLA DAVIS	Trustee	N/A	Director	$0	$0	$0
JENA FIORAVANTI	Trustee	N/A	Director	$0	$0	$0
JENNIFER HEPNER	Trustee	N/A	Director	$0	$0	$0
CHARU DEWITT	Treasurer	3.000	Officer 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
2018	$65,583	$64,029	$42,431	$1,554