McCord Memorial Library Association (EIN 251021791) - 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

1955

Legal Domicile

Principal Officer

Joyce Beardsley

Phone

8147254057

Tax Period

2024-01-01 to 2024-12-31

McCord Memorial Library Association, founded in 1955, is a small nonprofit that reported $300K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $262K left a modest 13% surplus.

Mission

Public 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 $189,063

Program Service Revenue $9,796

Investment Income $95,559

Other Revenue $5,533

TOTAL REVENUE $299,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,857

Fundraising Expenses $0

Program Expenses $221,875

Other Expenses $115,766

TOTAL EXPENSES $261,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,951	$193,976	+0.5%
Expenses	$261,623	$377,612	-0.3%
Net Income	$38,328	$-183,636	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joyce Beardsley	President	1.00	Officer Director	$0	$0	$0
Nathan Sellers	Secretary	1.00	Officer Director	$0	$0	$0
April Boyd	Treasurer	1.00	Officer Director	$0	$0	$0
Phyllis Hogue	Vice President	1.00	Officer Director	$0	$0	$0
Bill Beardsley	Trustee	1.00	Director	$0	$0	$0
Kara Haas	Trustee	1.00	Director	$0	$0	$0
Joby LaFuria	Trustee	1.00	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	$299,951	$261,623	$3,799,921	$38,328
2023	$193,976	$377,612	$3,669,843	$-183,636
2022	$534,730	$272,441	$3,564,420	$262,289
2021	$336,968	$209,556	$4,001,009	$127,412
2020	$284,363	$220,776	$3,798,256	$63,587
2019	$395,584	$252,611	$3,613,268	$142,973
2018	$417,347	$237,138	$3,302,059	$180,209

McCord Memorial Library Association