JOSEPH T SIMPSON PUBLIC LIBRARY (EIN 231652343) - 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

1960

Legal Domicile

Principal Officer

CAROLINE S ERDMAN

Phone

7177660171

Tax Period

2023-01-01 to 2023-12-31

JOSEPH T SIMPSON PUBLIC LIBRARY, founded in 1960, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $905K, a strong 46% operating margin.

Mission

JOSEPH T. SIMPSON PUBLIC LIBRARY IS A COMMUNITY CENTER FOR LEARNING AND LEISURE.

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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 $1,976,502

Program Service Revenue $58,879

Investment Income $-27,184

Other Revenue $-35,920

TOTAL REVENUE $1,972,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $709,140

Fundraising Expenses $62,712

Program Expenses $886,138

Other Expenses $358,092

TOTAL EXPENSES $1,067,232

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,972,277	$1,204,588	+0.6%
Expenses	$1,067,232	$1,038,673	+0.0%
Net Income	$905,045	$165,915	+4.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA LEIB	TRUSTEE	3.00	Director	$0	$0	$0
JAMES B VAN KIRK	TREASURER	3.00	Officer Director	$0	$0	$0
CINDY MORTZFELDT	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DONNA WELDON	TRUSTEE	2.00	Director	$0	$0	$0
PATRICIA SANKER	PRESIDENT	2.00	Officer Director	$0	$0	$0
BELINDA LAWRENCE	TRUSTEE	2.00	Director	$0	$0	$0
ROB MORAN	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD BLUM	TRUSTEE	2.00	Director	$0	$0	$0
ALAN VANDREW	TRUSTEE	2.00	Director	$0	$0	$0
ALLEN WARSHAW	TRUSTEE	2.00	Director	$0	$0	$0
HEATHER KNISELY	SECRETARY	2.00	Officer Director	$0	$0	$0
THOMAS TOPOLSKI	TRUSTEE	2.00	Director	$0	$0	$0
DR BARBARA DENISON	TRUSTEE	2.00	Director	$0	$0	$0
SUE ERDMAN	LIBRARY DIRECTOR	40.00	Key Emp	$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	No data	No data	No data	No data
2023	$1,972,277	$1,067,232	$6,842,228	$905,045
2022	$1,204,588	$1,038,673	$6,033,619	$165,915
2021	$1,110,471	$886,701	$5,642,803	$223,770
2020	$1,190,108	$948,838	$5,301,828	$241,270
2019	$933,429	$963,228	$4,968,085	$-29,799
2018	$946,947	$940,092	$4,891,839	$6,855

JOSEPH T SIMPSON PUBLIC LIBRARY