BOONE AREA LIBRARY INC (EIN 232604539) - 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

1964

Legal Domicile

Principal Officer

BROOKE HALTER

Phone

6105825666

Tax Period

2024-01-01 to 2024-12-31

BOONE AREA LIBRARY INC, founded in 1964, is a small nonprofit that reported $212K in total revenue in fiscal year 2024. Expenses of $190K left a modest 11% surplus.

Mission

THE BOONE AREA LIBRARY'S MISSION IS TO PROVIDE A WIDE VARIETY OF MATERIALS AND EVENTS, WHICH REFLECT THE CULTURE OF THE COMMUNITY AND SERVE TO ENTERTAIN, EDUCATE AND INSPIRE LIFE-LONG LEARNING RELEVANT TO ALL.

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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 $191,477

Program Service Revenue $2,587

Investment Income $644

Other Revenue $17,445

TOTAL REVENUE $212,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,405

Fundraising Expenses $5,190

Program Expenses $128,699

Other Expenses $86,322

TOTAL EXPENSES $189,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,153	$213,975	0.0%
Expenses	$189,727	N/A	N/A
Net Income	$22,426	$213,975	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY HOFFMAN	CHAIR	2.00	Officer Director	$0	$0	$0
NICOLE SAPNA	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BROOKE HALTER	TREASURER	2.00	Officer Director	$0	$0	$0
HEATHER ELLIS	RECORDING SECRETARY	2.00	Officer Director	$0	$0	$0
VICTORIA BISHOP	TRUSTEE	2.00	Director	$0	$0	$0
LENNY BROWN	TRUSTEE	2.00	Director	$0	$0	$0
SARI EPTING	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN WELCH	TRUSTEE	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	$212,153	$189,727	$247,187	$22,426
2023	$213,975	$231,972	$230,975	$-17,997
2022	$186,786	$221,488	$251,530	$-34,702
2021	$185,681	$160,037	$278,447	$25,644
2020	$203,186	$144,469	$253,226	$58,717
2019	$174,964	$171,127	$200,670	$3,837
2018	$209,234	$181,128	$198,953	$28,106

BOONE AREA LIBRARY INC