CLEVE J FREDRICKSEN LIBRARY ASSOCIATION (EIN 231555412) - 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

1957

Legal Domicile

Principal Officer

JEREMY MEDERNACH

Phone

7177613900

Tax Period

2024-01-01 to 2024-12-31

CLEVE J FREDRICKSEN LIBRARY ASSOCIATION, founded in 1957, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $5.9M represent 38 months of operating reserves.

Mission

TO TRANSFORM LIVES THROUGH THE POWER OF INFORMATION, IMAGINATION, AND IDEAS. TO BE THE CENTER FOR RESOURCES AND OPPORTUNITIES THAT MEETS THE EDUCATIONAL, RECREATIONAL AND CULTURAL NEEDS OF OUR COMMUNITIES.

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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 $1,539,882

Program Service Revenue $45,968

Investment Income $286,190

Other Revenue $4,154

TOTAL REVENUE $1,876,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,120,356

Fundraising Expenses $111,188

Program Expenses $1,565,537

Other Expenses $748,523

TOTAL EXPENSES $1,868,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,876,194	$1,713,051	+0.1%
Expenses	$1,868,879	$1,887,920	0.0%
Net Income	$7,315	$-174,869	-1.0%

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

126

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

$95,006

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA MILLER	LIBRARY DIRE	40.00	Officer	$79,581	$15,425	$95,006
KAREN MINEHAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
ADAM METZ	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
JEREMY MEDERNACH	TREASURER	5.00	Officer Director	$0	$0	$0
LINDA HAINES	ASST. TREASU	5.00	Officer Director	$0	$0	$0
LINDA FARR	SECRETARY	5.00	Officer Director	$0	$0	$0
JAMES GRANDON JR	IMM PAST PRE	5.00	Officer Director	$0	$0	$0
JENNIFER HOFFMAN	TRUSTEE	5.00	Director	$0	$0	$0
JOE SWARTZ	TRUSTEE	5.00	Director	$0	$0	$0
ERIN SUNDAY	TRUSTEE	5.00	Director	$0	$0	$0
STEPHANIE ANDREJACK	TRUSTEE	5.00	Director	$0	$0	$0
CHRISTIAN MERRITT III	TRUSTEE	5.00	Director	$0	$0	$0
TIM ELLIS	TRUSTEE	5.00	Director	$0	$0	$0
SHAWN MCGEEHAN	TRUSTEE	5.00	Director	$0	$0	$0
LARRY OAKES	TRUSTEE	5.00	Director	$0	$0	$0
SIRISHA REDDY	TRUSTEE	5.00	Director	$0	$0	$0
LUKE FISHEL	TRUSTEE	5.00	Director	$0	$0	$0
ALICIA STINE	TRUSTEE	5.00	Director	$0	$0	$0
ABBY TIERNEY	TRUSTEE	5.00	Director	$0	$0	$0
CAROLYN PFEIFER	TRUSTEE	5.00	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
2024	$1,876,194	$1,868,879	$5,873,760	$7,315
2023	$1,713,051	$1,887,920	$6,104,298	$-174,869
2022	$1,598,137	$1,901,956	$6,151,185	$-303,819
2021	$1,784,247	$1,646,844	$6,767,164	$137,403
2020	$1,672,910	$1,656,337	$6,580,786	$16,573
2019	$1,650,504	$1,662,993	$6,528,680	$-12,489
2018	$1,763,494	$1,658,605	$6,261,300	$104,889

CLEVE J FREDRICKSEN LIBRARY ASSOCIATION