LIBRARY SYSTEM OF LANCASTER COUNTY (EIN 232495408) - 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

1987

Legal Domicile

Principal Officer

KARLA TROUT

Phone

7172070500

Tax Period

2023-01-01 to 2023-12-31

LIBRARY SYSTEM OF LANCASTER COUNTY, founded in 1987, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2023. Expenses of $4.7M left a modest 5% surplus.

Mission

PROVIDE RESOURCES, SERVICES, AND EXPERTISE IN A COLLABORATIVE MANNER TO AND WITH THE MEMBER LIBRARIES IN ORDER TO EFFECTIVELY SERVE 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 (2023)

Revenue Breakdown

Contributions & Grants $4,813,959

Program Service Revenue $131,185

Investment Income $50,699

Other Revenue $0

TOTAL REVENUE $4,995,843

Expense Breakdown

Grants Paid $1,934,945

Salaries & Benefits $1,456,678

Fundraising Expenses $15,701

Program Expenses $4,317,851

Other Expenses $1,355,786

TOTAL EXPENSES $4,747,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,995,843	$4,646,903	+0.1%
Expenses	$4,747,409	$4,641,747	+0.0%
Net Income	$248,434	$5,156	+47.2%

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

N/A

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

$121,973

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARLA TROUT	EXECUTIVE DI	37.50	Officer	$121,973	$0	$121,973
CODY DIEHL	BOARD MEMBER	2.00	Director	$0	$0	$0
MATTHEW EBERTS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ALEXANDRA GODFREY	SECRETARY	2.00	Officer Director	$0	$0	$0
DALE HAMBY	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROB MORGAN	TREASURER	2.00	Officer Director	$0	$0	$0
MARIANNE CLAY STRITTMATTER	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2023	$4,995,843	$4,747,409	$2,975,983	$248,434
2022	$4,646,903	$4,641,747	$2,533,807	$5,156
2021	$4,312,462	$4,043,547	$2,640,900	$268,915
2020	$4,295,988	$4,272,491	$3,030,642	$23,497
2019	$3,882,739	$3,826,362	$2,046,465	$56,377
2018	$3,870,498	$3,688,775	$1,948,969	$181,723

LIBRARY SYSTEM OF LANCASTER COUNTY