KNOXVILLE PUBLIC LIBRARY (EIN 240830954) - 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

1956

Legal Domicile

Principal Officer

GRETA MARIE TAFT

Phone

8143264448

Tax Period

2024-01-01 to 2024-12-31

KNOXVILLE PUBLIC LIBRARY, founded in 1956, is a small nonprofit that reported $585K in total revenue in fiscal year 2024. Revenue surged 208% from the prior year, signaling strong growth momentum. The organization ran a surplus of $393K, a strong 67% operating margin.

Mission

PUBLIC LIBRARY FOR THE BENEFIT OF THE TOWN PROVIDING LIBRARY ACCESS AND SERVICES FOR THE COMMUNITY

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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 $511,604

Program Service Revenue $392

Investment Income $27,230

Other Revenue $46,075

TOTAL REVENUE $585,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,340

Fundraising Expenses $4,491

Program Expenses $169,108

Other Expenses $123,731

TOTAL EXPENSES $192,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$585,301	$189,974	+2.1%
Expenses	$192,071	$120,908	+0.6%
Net Income	$393,230	$69,066	+4.7%

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

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

$28,598

Total Directors

$28,598

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN COOK	LIBRARY DIRE	32.00	Officer Director	$28,598	$0	$28,598
AMY ADAMS	MEMBER	2.00	Director	$0	$0	$0
TOM BAKER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LINDA CUNNINGHAM	PRESIDENT	5.00	Officer Director	$0	$0	$0
AMY DOUTT	MEMBER	2.00	Director	$0	$0	$0
BRANDI FITZWATER	SECRETARY	2.00	Officer Director	$0	$0	$0
MACKENZIE HOWE	MEMBER	2.00	Director	$0	$0	$0
CHRISTINE JOLLY	MEMBER	2.00	Director	$0	$0	$0
CASSANDRA OSGOOD	MEMBER	2.00	Director	$0	$0	$0
GRETA MARIE TAFT	TREASURER	15.00	Officer 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	$585,301	$192,071	$4,384,781	$393,230
2023	$189,974	$120,908	$4,043,768	$69,066
2022	$3,363,864	$125,984	$3,827,614	$3,237,880
2021	$159,411	$148,152	$636,389	$11,259
2020	$130,294	$117,165	$670,301	$13,129
2019	$131,060	$142,836	$684,746	$-11,776
2018	$121,749	$113,943	$719,020	$7,806

KNOXVILLE PUBLIC LIBRARY