Everett Free Library (EIN 236236840) - 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

1963

Legal Domicile

Principal Officer

Lisa Appleby

Phone

8146525922

Tax Period

2023-01-01 to 2023-12-31

Everett Free Library, founded in 1963, is a small nonprofit that reported $218K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $208K left a modest 4% surplus.

Mission

Maintain a public library for the residents of the Everett area.

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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 $159,829

Program Service Revenue $4,122

Investment Income $50,989

Other Revenue $2,657

TOTAL REVENUE $217,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,744

Fundraising Expenses $3,060

Program Expenses $191,725

Other Expenses $98,585

TOTAL EXPENSES $208,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,597	$181,562	+0.2%
Expenses	$208,329	$268,992	-0.2%
Net Income	$9,268	$-87,430	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sheila Whisker	President	4.00	Officer	$0	$0	$0
Jim Hollis	VP	4.00	Officer	$0	$0	$0
Lisa Appleby	Secretary/Treasurer	4.00	Officer	$0	$0	$0
Iva Jean Price	Board	1.00	Director	$0	$0	$0
Robin Swindell	Board	1.00	Director	$0	$0	$0
Colleen Shotts	Board	1.00	Director	$0	$0	$0
Ashley Bennett	Board	1.00	Director	$0	$0	$0
Corey Meckes	Board	1.00	Director	$0	$0	$0
Monica Meckes	Board	1.00	Director	$0	$0	$0
Amy Hoover	Board	1.00	Director	$0	$0	$0
Anne Lewis	Board	1.00	Director	$0	$0	$0
Elizabeth Winck	Board	1.00	Director	$0	$0	$0
Randolph Thompson Jr	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	$217,597	$208,329	$719,435	$9,268
2022	$181,562	$268,992	$714,137	$-87,430
2021	$339,271	$174,813	$781,964	$164,458
2020	$193,257	$149,259	$617,265	$43,998
2019	$191,767	$165,491	$573,298	$26,276
2018	$135,705	$194,561	$547,080	$-58,856

Everett Free Library