MOORES MEMORIAL LIBRARY

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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

1922

Legal Domicile

Principal Officer

SHERRY CARNER

Phone

6105936683

Tax Period

2023-01-01 to 2023-12-31

MOORES MEMORIAL LIBRARY, founded in 1922, is a small nonprofit in the Education sector that reported $115K in total revenue in fiscal year 2023. Expenses of $151K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE EASILY ACCESSIBLE AND CURRENT INFORMATION, MATERIALS, SERVICES, AND PROGRAMS DESIGNED TO MEET THE COMMUNITY'S EVOLVING EDUCATIONAL, CULTURAL, RECREATIONAL, AND INFORMATIONAL NEEDS. ALSO, TO PROMOTE THE RICH HISTORY OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $93,333 Revenue: $5,723

THE MOORES MEMORIAL LIBRARY IS A SMALL TOWN LIBRARY WITH A LOT TO OFFER OUR COMMUNITY. WE HAVE A HUGE WOODEN BLOCK COLLECTION AND ASSORTED PEOPLE AND ANIMALS TO HELP YOUNGSTERS' IMAGINATIONS. WE HAVE FREE MOVIE NIGHTS FOR OUR COMMUNITY. THE PRESCHOOL POPULATION IS NOT FORGOTTEN, WITH A WEEKLY STORY TIME AND PRESCHOOL PLAY TIMES. OUR PUBLIC USE OF COMPUTERS ARE AN ASSET TO OUR PATRONS. WE OFFER HOMEWORK HELP AND COMPUTER HELP FOR THOSE IN NEED. CIRCULATION ITEMS FROM THE LIBRARY'S COLLECTION AND PROFESSIONAL ASSISTANCE IN THE USE OF THE LIBRARY'S COLLECTION ARE PROVIDED TO APPROXIMATELY 25,000 VISITING PATRONS. THE LIBRARY HAS OVER 2,500 REGISTERED CARDHOLDERS WHO CHECKED OUT OVER 60,000 ITEMS IN THE LAST YEAR. COMPUTER USAGE HAD OVER 5,000 LOG-INS.

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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 $99,117

Program Service Revenue $5,723

Investment Income $579

Other Revenue $9,403

TOTAL REVENUE $114,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,755

Fundraising Expenses $4,835

Program Expenses $93,333

Other Expenses $81,038

TOTAL EXPENSES $150,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,822	$119,713	0.0%
Expenses	$150,793	$129,807	+0.2%
Net Income	$-35,971	$-10,094	+2.6%

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

$40,895

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN COFFROTH	PRESIDENT	1.00	Director	$0	$0	$0
JOHN ESWORTHY	VICE PRESIDE	1.00	Director	$0	$0	$0
MICHELLE BOBBI MASER	SECRETARY	1.00	Director	$0	$0	$0
SHERRY CARNER	TREASURER	2.00	Director	$0	$0	$0
KAREN WOODS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOAN ESWORTHY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA VANDENBOSCH	EXECUTIVE DI	40.00	Officer	$40,895	$0	$40,895

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	$114,822	$150,793	$1,046,543	$-35,971
2022	$119,713	$129,807	$1,082,451	$-10,094
2021	$111,447	$123,282	$1,092,497	$-11,835
2020	$140,067	$116,393	$1,104,641	$23,674
2019	$103,482	$125,905	$1,080,629	$-22,423
2018	$109,406	$118,422	$1,102,882	$-9,016