LITITZ PUBLIC LIBRARY INC (EIN 236406263) - 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

LYNETTE MECK

Phone

7176262255

Tax Period

2024-01-01 to 2024-12-31

LITITZ PUBLIC LIBRARY INC, founded in 1964, is a small nonprofit that reported $910K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $810K left a modest 11% surplus.

Mission

THE MISSION OF THE LITITZ PUBLIC LIBRARY IS TO PROVIDE MATERIALS, SERVICES, AND PROGRAMS FOR EDUCATIONAL, RECREATIONAL, AND CULTURAL ENRICHMENT TO RESIDENTS OF LITITZ BOROUGH, WARWICK TOWNSHIP, AND ELIZABETH TOWNSHIP.

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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 $734,747

Program Service Revenue $61,621

Investment Income $102,894

Other Revenue $11,171

TOTAL REVENUE $910,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $510,540

Fundraising Expenses $16,198

Program Expenses $635,796

Other Expenses $299,807

TOTAL EXPENSES $810,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$910,433	$703,912	+0.3%
Expenses	$810,347	$823,359	0.0%
Net Income	$100,086	$-119,447	-1.8%

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

$66,709

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNETTE MECK	PRESIDENT	4.00	Officer Director	$0	$0	$0
SHERRY CHIVINSKI	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
VIOLA YOUSSIF	TREASURER	2.00	Officer Director	$0	$0	$0
SHANE SWISHER	SECRETARY/GO	2.00	Officer Director	$0	$0	$0
CAROLYN REISTE	EXECUTIVE DI	40.00	Officer	$26,709	$0	$26,709
SCOTT BURKY	BUSINESS DEV	N/A	Director	$0	$0	$0
ROB DODDS	INTERNAL AFF	N/A	Director	$0	$0	$0
AMY GERHART	BOARD MEMBER	N/A	Director	$0	$0	$0
JULIE MEISKEY	BOARD MEMBER	N/A	Director	$0	$0	$0
ARIANA TORRES	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN WEIDMAN	STRATEGIC PL	N/A	Officer Director	$0	$0	$0
RYAN MCCRORY	FORMER EXEC	N/A	Officer	$40,000	$0	$40,000

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	$910,433	$810,347	$2,775,688	$100,086
2023	$703,912	$823,359	$2,567,212	$-119,447
2022	$912,285	$738,150	$2,416,497	$174,135
2021	$814,705	$659,404	$2,724,312	$155,301
2020	$750,203	$610,229	$2,509,974	$139,974
2019	$649,481	$631,728	$2,254,050	$17,753
2018	$697,774	$630,490	$2,040,529	$67,284

LITITZ PUBLIC LIBRARY INC