Bedford County Federated Library S… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

Matt Godissart

Phone

8146235010

Tax Period

2023-01-01 to 2023-12-31

Bedford County Federated Library System Inc, founded in 1982, is a small nonprofit that reported $370K in total revenue in fiscal year 2023.

Mission

To assist affiliate libraries with providing free libary services to the general public

Program Service Accomplishments

Program 1

Expenses: $370,568 Revenue: $370,272

To assist County libraries provide free library services to the general public.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $370,148

Program Service Revenue $0

Investment Income $124

Other Revenue $0

TOTAL REVENUE $370,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,865

Fundraising Expenses $1,312

Program Expenses $370,568

Other Expenses $352,994

TOTAL EXPENSES $374,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$370,272	$353,158	+0.0%
Expenses	$374,859	$356,275	+0.1%
Net Income	$-4,587	$-3,117	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
Greg Crooks	President	2.00	Officer Director	$0	$0	$0
Colleen Shots	VP	2.00	Officer Director	$0	$0	$0
Amy Hoover	Secretary	2.00	Officer Director	$0	$0	$0
Jessica Frye	Treasurer	2.00	Officer Director	$0	$0	$0
Barb Short	Board	1.00	Director	$0	$0	$0
Amy Hoover	Board	1.00	Director	$0	$0	$0
Laura Garlock	Board	1.00	Director	$0	$0	$0
Elizabeth Winck	Board	1.00	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	$370,272	$374,859	$36,502	$-4,587
2022	$353,158	$356,275	$161,089	$-3,117
2021	$349,016	$351,108	$164,206	$-2,092
2021	$349,016	$351,108	$164,206	$-2,092
2020	$353,331	$355,613	$231,705	$-2,282
2019	$332,039	$329,555	$168,580	$2,484
2018	$330,033	$331,739	$136,096	$-1,706

Bedford County Federated Library System Inc