HASTINGS PUBLIC LIBRARY (EIN 251113652) - 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

1969

Principal Officer

GLADYS SHUTTY

Phone

8142478231

Tax Period

2023-01-01 to 2023-12-31

HASTINGS PUBLIC LIBRARY, founded in 1969, is a micro nonprofit in the Education sector that reported $67K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $88K exceeded revenue, resulting in a 31% operating deficit.

Mission

PUBLIC LIBRARY SERVICES

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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 $44,168

Program Service Revenue $22,077

Investment Income $729

Other Revenue $291

TOTAL REVENUE $67,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,269

Fundraising Expenses $596

Program Expenses $73,447

Other Expenses $58,147

TOTAL EXPENSES $88,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,265	$97,576	-0.3%
Expenses	$88,416	$78,554	+0.1%
Net Income	$-21,151	$19,022	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY HINDMARSH	SECRETARY	N/A	Officer Director	$0	$0	$0
CONNIE HROKOMO	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN KLINE	BOARD MEMBER	N/A	Director	$0	$0	$0
JOAN MANGARELLA	PRESIDENT	N/A	Officer Director	$0	$0	$0
KATHLEEN O'ROURKE	V. PRESIDENT	N/A	Officer Director	$0	$0	$0
FRANCES RHOA	BOARD MEMBER	N/A	Director	$0	$0	$0
GLADYS SHUTTY	TREASURER	N/A	Officer Director	$0	$0	$0
DEBRA THOMAS	BOARD MEMBER	N/A	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	$67,265	$88,416	$858,846	$-21,151
2022	$97,576	$78,554	$879,997	$19,022
2021	$490,143	$74,057	$860,975	$416,086
2020	$358,791	$57,499	$444,889	$301,292

HASTINGS PUBLIC LIBRARY