WHITE HAVEN AREA COMMUNITY LIBRARY (EIN 232887362) - 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

1997

Legal Domicile

Principal Officer

FRANK MIGNECO

Phone

5704438776

Tax Period

2023-01-01 to 2023-12-31

WHITE HAVEN AREA COMMUNITY LIBRARY, founded in 1997, is a micro nonprofit in the Unknown sector that reported $90K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $122K exceeded revenue, resulting in a 36% operating deficit.

Mission

OPERATION OF A FREE PUBLIC LIBRARY.

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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 $86,832

Program Service Revenue $0

Investment Income $3,221

Other Revenue $1

TOTAL REVENUE $90,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $623

Program Expenses $121,449

Other Expenses $122,250

TOTAL EXPENSES $122,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$90,054	$151,249	-0.4%
Expenses	$122,250	$105,386	+0.2%
Net Income	$-32,196	$45,863	-1.7%

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

N/A

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
LOIS HAMMER	PRESIDENT	9.00	Director	$0	$0	$0
KATHLEEN BENYO	FIRST VICE PRESIDENT	6.00	Director	$0	$0	$0
KATHY NUSS	SECOND VICE PRESIDENT	7.00	Director	$0	$0	$0
FRANK MIGNECO	TREASURER	7.00	Director	$0	$0	$0
CHARLOTTE CARTER	BOARD MEMBER	6.00	Director	$0	$0	$0
PATTY HORN	SECRETARY	6.00	Director	$0	$0	$0
STAN SPOLOWICH	BOARD MEMBER	5.00	Director	$0	$0	$0
JACK KALENA	BOARD MEMBER	3.00	Director	$0	$0	$0
DEB D'ANGOLA	BOARD MEMBER	4.00	Director	$0	$0	$0
LINDA KIESEL	BOARD MEMBER	9.00	Director	$0	$0	$0
DIANE LAMSON	BOARD MEMBER	6.00	Director	$0	$0	$0
RENEE MONAHAN	BOARD MEMBER	3.00	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	$90,054	$122,250	$1,141,385	$-32,196
2022	$151,249	$105,386	$1,173,581	$45,863
2021	$87,384	$80,321	$1,127,718	$7,063
2020	$57,461	$79,209	$1,120,865	$-21,748
2019	$87,906	$82,436	$1,142,455	$5,470
2018	$96,659	$82,458	$1,137,033	$14,201

WHITE HAVEN AREA COMMUNITY LIBRARY