FRIENDS OF GATES MILLS PUBLIC LIBRARY (EIN 237336267) - 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

1974

Legal Domicile

Principal Officer

SUZANNE SNELSON

Phone

4404234808

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF GATES MILLS PUBLIC LIBRARY, founded in 1974, is a micro nonprofit in the Education sector that reported $22K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 71% operating deficit.

Mission

PROMOTE USE, MAINTAIN, IMPROVE AND ADD TO THE RESOURCES OF THE GATES MILLS 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 (2024)

Revenue Breakdown

Contributions & Grants $11,690

Program Service Revenue $0

Investment Income $10,232

Other Revenue $0

TOTAL REVENUE $21,922

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,512

Other Expenses $7,397

TOTAL EXPENSES $37,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,922	$41,819	-0.5%
Expenses	$37,397	$15,177	+1.5%
Net Income	$-15,475	$26,642	-1.6%

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

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
SUZANNE SNELSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
DEANN DOMINISH	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SUSAN DAUGHERTY	SECRETARY	3.00	Officer Director	$0	$0	$0
NOHA RYDER	TREASURER	4.00	Officer Director	$0	$0	$0
BEA COLAGE	DIRECTOR	1.00	Director	$0	$0	$0
CATHY DIVINCENZO	DIRECTOR	1.00	Director	$0	$0	$0
UTE EICHENBERG	DIRECTOR	1.00	Director	$0	$0	$0
KAREN GALLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
ANN GELEHRTR	DIRECTOR	1.00	Director	$0	$0	$0
PETER GREISINGER	DIRECTOR	1.00	Director	$0	$0	$0
JANN HOLZMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN KREIDINGER	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET LENCEWICZ	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE MUSKARA	DIRECTOR	1.00	Director	$0	$0	$0
LYNETTE SEQUEIRA	DIRECTOR	1.00	Director	$0	$0	$0
ANN STEELE	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN VALENTI	DIRECTOR	1.00	Director	$0	$0	$0
LISA REID	DIRECTOR	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
2025	$21,922	$37,397	$531,319	$-15,475

FRIENDS OF GATES MILLS PUBLIC LIBRARY