RICHLAND COMMUNITY LIBRARY INC (EIN 231686332) - 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

1969

Legal Domicile

Principal Officer

CATIE SWEENEY

Phone

7178664939

Tax Period

2023-01-01 to 2023-12-31

RICHLAND COMMUNITY LIBRARY INC, founded in 1969, is a micro nonprofit that reported $81K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $143K exceeded revenue, resulting in a 75% operating deficit.

Mission

THE RICHLAND COMMUNITY LIBRARY IS A STRONG COMMUNITY PARTNER PROVIDING PROGRAMS THAT BRING PEOPLE TOGETHER, FOSTER CREATIVITY, AND ENCOURAGE LIFELONG LEARNING. THE LIBRARY PROVIDES FREE AND OPEN ACCESS TO A BROAD RANGE OF MATERIALS AND SERVICES TO PEOPLE OF ALL AGES AND BACKGROUNDS. WE PRESERVE OUR COMMUNITY'S PAST, ENRICH LIVES AND PREPARE OUR PATRONS FOR AN EVER-CHANGING FUTURE.

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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 $62,184

Program Service Revenue $1,988

Investment Income $9,485

Other Revenue $7,840

TOTAL REVENUE $81,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,674

Fundraising Expenses $1,267

Program Expenses $137,861

Other Expenses $43,032

TOTAL EXPENSES $142,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,497	$57,746	+0.4%
Expenses	$142,706	$138,727	+0.0%
Net Income	$-61,209	$-80,981	-0.2%

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
CATIE SWEENEY	PRESIDENT	10.00	Officer Director	$0	$0	$0
ERIN HORNING	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
MARIE HIBSHMAN	SECRETARY	10.00	Officer Director	$0	$0	$0
ROBERT SCHAEFFER	DIRECTOR	10.00	Officer Director	$0	$0	$0
CHARLES WEIGLEY	DIRECTOR	10.00	Director	$0	$0	$0
AMORA COOK	DIRECTOR	10.00	Director	$0	$0	$0
KIRI ARNDT	DIRECTOR	10.00	Director	$0	$0	$0
SUSAN LONG	DIRECTOR	10.00	Director	$0	$0	$0
KENDRA ERNFIELD	TREASURER	10.00	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
2024	No data	No data	No data	No data
2023	$81,497	$142,706	$246,729	$-61,209
2022	$57,746	$138,727	$279,743	$-80,981
2021	$129,028	$117,078	$423,805	$11,950
2020	$80,136	$112,753	$375,223	$-32,617
2019	$63,684	$159,490	$380,996	$-95,806
2018	$103,634	$149,529	$419,580	$-45,895

RICHLAND COMMUNITY LIBRARY INC