Laughlin Memorial Library (EIN 250981531) - 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

1929

Legal Domicile

Principal Officer

Julie R Mulcahy

Phone

7242663857

Tax Period

2024-01-01 to 2024-12-31

Laughlin Memorial Library, founded in 1929, is a small nonprofit that reported $273K in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $316K exceeded revenue, resulting in a 16% operating deficit.

Mission

Laughlin Memorial Library provides services which enhance user lives both culturally and economically

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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 $195,381

Program Service Revenue $5,815

Investment Income $27,925

Other Revenue $43,521

TOTAL REVENUE $272,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,500

Fundraising Expenses $0

Program Expenses $253,194

Other Expenses $189,169

TOTAL EXPENSES $315,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,642	$1,017,378	-0.7%
Expenses	$315,669	$727,835	-0.6%
Net Income	$-43,027	$289,543	-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

$53,060

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie R Mulcahy	Executive Director	40.00	Officer	$53,060	$0	$53,060
Charlene Geffel	President	5.00	Officer Director	$0	$0	$0
Jacqueline Bennis	Treasurer	5.00	Officer Director	$0	$0	$0
Scott Angus	Vice President	5.00	Officer Director	$0	$0	$0
Janet Rosenberger Duzicky	Director	5.00	Director	$0	$0	$0
Terry Mylan	Director	5.00	Director	$0	$0	$0
Virginia Jamery	Secretary	5.00	Officer Director	$0	$0	$0
Garret Kovacevic	School District Appointee	5.00	Director	$0	$0	$0
Matthew Zatchey	School District Appointee	5.00	Director	$0	$0	$0
Mary Jane Gilliam	Borough Appointee	5.00	Director	$0	$0	$0
Linda Bohn	Director	5.00	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	$272,642	$315,669	$5,114,033	$-43,027
2023	$1,017,378	$727,835	$5,154,981	$289,543
2022	$357,212	$277,627	$4,867,163	$79,585
2021	$290,525	$182,962	$4,785,679	$107,563
2020	$259,710	$225,767	$4,698,729	$33,943
2019	$258,969	$220,137	$4,644,775	$38,832
2018	$232,570	$255,370	$4,605,780	$-22,800

Laughlin Memorial Library