INDIANA FREE LIBRARY INCORPORATED (EIN 250995763) - 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

1953

Legal Domicile

Principal Officer

LAURI FLETCHER

Tax Period

2023-01-01 to 2023-12-31

INDIANA FREE LIBRARY INCORPORATED, founded in 1953, is a small nonprofit that reported $416K in total revenue in fiscal year 2023. Expenses of $502K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MISSION OF THE INDIANA FREE LIBRARY INC IS TO SERVE AND STRENGTHEN THE COMMUNITY BY SUPPORTING LITERACY AND LIFELONG LEARNING

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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 $376,566

Program Service Revenue $4,570

Investment Income $34,464

Other Revenue $440

TOTAL REVENUE $416,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $310,246

Fundraising Expenses $7,560

Program Expenses $448,764

Other Expenses $192,157

TOTAL EXPENSES $502,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$416,040	$417,147	0.0%
Expenses	$502,403	$482,597	+0.0%
Net Income	$-86,363	$-65,450	+0.3%

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

$50,827

Total Directors

$50,827

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE GEIGER	DIRECTOR THROUGH 033124	40.00	Officer Director	$50,827	$0	$50,827
PATTI SIMMONS	TRUSTEE	0.00	Director	$0	$0	$0
JEFF WIDDOWSON	TRUSTEE	0.00	Director	$0	$0	$0
REP JIM STRUZZI	TRUSTEE	0.00	Director	$0	$0	$0
ERIN DOUGHERTY	TRUSTEE	0.00	Director	$0	$0	$0
LINDA JONES	TRUSTEE	0.00	Director	$0	$0	$0
HILLARY CREELY	TRUSTEE	0.00	Director	$0	$0	$0
NEAL BEER	TRUSTEE	0.00	Director	$0	$0	$0
BETHANY JACKSON	TRUSTEE	0.00	Director	$0	$0	$0
TAMMY BLANK	VP	0.00	Officer Director	$0	$0	$0
LAURI FLETCHER	DIRECTOR AS OF APRIL 1 2024	0.00	Officer Director	$0	$0	$0
JOSIE CUNNINGHAM	PRESIDENT	0.00	Officer Director	$0	$0	$0
CAROLE BUSH	SECRETARY	0.00	Officer Director	$0	$0	$0
KIMBERLY DODDS	ASST TREASURER	0.00	Officer Director	$0	$0	$0
LARRY FELDMAN	TREASURER	0.00	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	No data	No data	No data	No data
2023	$416,040	$502,403	$1,214,326	$-86,363
2022	$417,147	$482,597	$1,288,864	$-65,450
2021	$426,384	$408,564	$1,445,777	$17,820
2020	$552,247	$386,134	$1,379,947	$166,113
2019	$383,469	$461,078	$1,152,142	$-77,609
2018	$422,616	$433,684	$1,140,553	$-11,068

INDIANA FREE LIBRARY INCORPORATED